Quarterly ResultMay 7, 2026, 09:51 AM
Chatham Lodging Q1 Results: Guidance Up 15%, AFFO $0.20/Share
AI Summary
Chatham Lodging Trust announced its first-quarter 2026 results, reporting a 1% increase in portfolio RevPAR to $128 and an 18% rise in Adjusted FFO per diluted share to $0.20. The company increased its full-year 2026 Adjusted FFO per share guidance by 15% following strong operating results, an accretive acquisition of six Hilton-branded hotels for $92 million, and the repurchase of 0.9 million shares. The company also expanded gross operating profit margins by 60 basis points to 40%.
Key Highlights
- Portfolio RevPAR increased 1% to $128 for 39 comparable hotels, with Silicon Valley RevPAR up 11%.
- Net loss applicable to common shareholders was $6 million, or $(0.13) per diluted share.
- Adjusted FFO rose to $10 million, with Adjusted FFO per diluted share up 18% to $0.20.
- Adjusted EBITDA increased approximately $0.5 million to $18 million.
- Acquired six Hilton-branded hotels (589 rooms) for $92 million, immediately accretive to margins and FFO.
- Repurchased 0.9 million shares in the quarter at an average price of $7.35.
- Raised common share dividend by 11% to $0.10 per share.
- Increased full-year 2026 Adjusted FFO per diluted share guidance by 15% to $1.21-$1.29.