Quarterly ResultNov 5, 2026, 09:16 AM
Chatham Lodging Trust Q3 RevPAR Soars 8% to $161; AFFO per Share Up 31%
AI Summary
Chatham Lodging Trust announced strong third quarter 2026 results, with RevPAR surging over 8% to an all-time third quarter high of $161. Net income applicable to common shareholders more than doubled to $5 million, and Adjusted FFO per diluted share increased by 31% to $0.46. The company also reported significant margin expansion, with GOP margins rising 110 basis points to 45% and Adjusted Hotel EBITDA margins up 190 basis points to 39%. The company provided updated 2026 guidance, expecting Adjusted FFO per diluted share between $1.38 and $1.40.
Key Highlights
- Chatham Lodging Trust Q3 2026 RevPAR surged over 8% to $161, an all-time third quarter high.
- Net income applicable to common shareholders more than doubled to $5 million ($0.11 per diluted share) from $2 million ($0.03 per diluted share) in Q3 2025.
- Adjusted FFO per diluted share accelerated 31% to $0.46 from $0.35 compared to Q3 2025.
- GOP margins advanced 110 basis points to 45%, and Adjusted Hotel EBITDA margins rose 190 basis points to 39%.
- Adjusted EBITDA increased $6 million or 21% to $32 million.
- The company's leverage ratio was approximately 23% at September 30, 2026.
- Q3 2026 guidance for Adjusted FFO per diluted share is $1.38 - $1.40.
Price Impact
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