Annual Income Statements for Chatham Lodging Trust
This table shows Chatham Lodging Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Chatham Lodging Trust
This table shows Chatham Lodging Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
22 |
-25 |
-12 |
16 |
13 |
-23 |
-12 |
12 |
6.52 |
-9.57 |
Consolidated Net Income / (Loss) |
|
12 |
-2.13 |
-5.04 |
9.37 |
7.50 |
-9.33 |
-5.48 |
7.03 |
4.34 |
-1.85 |
Net Income / (Loss) Continuing Operations |
|
12 |
-0.80 |
-5.04 |
9.20 |
7.50 |
-3.79 |
-5.48 |
7.03 |
4.34 |
3.51 |
Total Pre-Tax Income |
|
12 |
-2.13 |
-5.04 |
9.37 |
7.50 |
-9.33 |
-5.48 |
7.03 |
4.34 |
-1.85 |
Total Revenue |
|
81 |
63 |
61 |
78 |
80 |
66 |
62 |
79 |
79 |
68 |
Net Interest Income / (Expense) |
|
-6.40 |
-6.72 |
-6.42 |
-6.25 |
-6.37 |
-6.55 |
-6.46 |
-7.04 |
-8.17 |
-7.50 |
Total Interest Income |
|
0.01 |
0.00 |
0.02 |
0.19 |
0.48 |
0.85 |
0.85 |
0.68 |
0.10 |
0.09 |
Investment Securities Interest Income |
|
0.01 |
0.00 |
0.02 |
0.19 |
0.48 |
0.85 |
0.85 |
0.68 |
0.10 |
0.09 |
Total Interest Expense |
|
6.40 |
6.73 |
6.44 |
6.44 |
6.85 |
7.40 |
7.31 |
7.72 |
8.26 |
7.59 |
Long-Term Debt Interest Expense |
|
6.40 |
6.73 |
6.44 |
6.44 |
6.85 |
7.40 |
7.31 |
7.72 |
8.26 |
7.59 |
Total Non-Interest Income |
|
88 |
70 |
67 |
84 |
87 |
72 |
68 |
86 |
87 |
75 |
Other Non-Interest Income |
|
88 |
70 |
68 |
84 |
87 |
72 |
68 |
86 |
87 |
75 |
Total Non-Interest Expense |
|
69 |
64 |
66 |
69 |
73 |
70 |
67 |
72 |
75 |
64 |
Other Operating Expenses |
|
55 |
50 |
51 |
54 |
58 |
55 |
52 |
57 |
59 |
55 |
Depreciation Expense |
|
15 |
14 |
14 |
15 |
15 |
15 |
15 |
15 |
15 |
15 |
Other Special Charges |
|
-0.11 |
- |
0.00 |
-0.06 |
-0.00 |
0.04 |
0.15 |
-0.01 |
0.01 |
-5.87 |
Preferred Stock Dividends Declared |
|
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
1.99 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
0.25 |
-0.10 |
-0.19 |
0.22 |
0.17 |
-0.35 |
-0.26 |
0.19 |
0.09 |
-0.15 |
Basic Earnings per Share |
|
$0.21 |
($0.09) |
($0.14) |
$0.15 |
$0.11 |
($0.23) |
($0.15) |
$0.10 |
$0.05 |
($0.08) |
Weighted Average Basic Shares Outstanding |
|
48.80M |
48.80M |
48.84M |
48.85M |
48.85M |
48.85M |
48.89M |
48.90M |
48.90M |
48.90M |
Diluted Earnings per Share |
|
$0.21 |
($0.09) |
($0.14) |
$0.15 |
$0.11 |
($0.23) |
($0.15) |
$0.10 |
$0.05 |
($0.08) |
Weighted Average Diluted Shares Outstanding |
|
49.07M |
49.06M |
48.84M |
48.96M |
49.00M |
48.85M |
48.89M |
49.01M |
49.07M |
48.90M |
Weighted Average Basic & Diluted Shares Outstanding |
|
48.81M |
48.85M |
48.86M |
48.86M |
48.86M |
48.90M |
48.91M |
48.91M |
48.91M |
48.97M |
Cash Dividends to Common per Share |
|
$0.00 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
$0.07 |
Annual Cash Flow Statements for Chatham Lodging Trust
This table details how cash moves in and out of Chatham Lodging Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
15 |
41 |
-56 |
Net Cash From Operating Activities |
72 |
76 |
74 |
Net Cash From Continuing Operating Activities |
72 |
76 |
74 |
Net Income / (Loss) Continuing Operations |
9.87 |
2.49 |
4.04 |
Consolidated Net Income / (Loss) |
9.87 |
2.49 |
4.04 |
Depreciation Expense |
59 |
58 |
61 |
Amortization Expense |
1.69 |
1.42 |
1.57 |
Non-Cash Adjustments to Reconcile Net Income |
3.42 |
13 |
5.01 |
Changes in Operating Assets and Liabilities, net |
-2.57 |
1.39 |
2.69 |
Net Cash From Investing Activities |
30 |
-28 |
-29 |
Net Cash From Continuing Investing Activities |
30 |
-28 |
-29 |
Purchase of Property, Leasehold Improvements and Equipment |
-19 |
-28 |
-31 |
Purchase of Investment Securities |
-31 |
0.00 |
-44 |
Sale and/or Maturity of Investments |
80 |
0.00 |
46 |
Other Investing Activities, net |
0.40 |
0.00 |
-0.70 |
Net Cash From Financing Activities |
-86 |
-7.73 |
-101 |
Net Cash From Continuing Financing Activities |
-86 |
-7.73 |
-101 |
Issuance of Debt |
44 |
173 |
260 |
Issuance of Common Equity |
0.06 |
0.06 |
0.05 |
Repayment of Debt |
-119 |
-157 |
-337 |
Payment of Dividends |
-8.10 |
-22 |
-22 |
Other Financing Activities, Net |
-3.50 |
-1.48 |
-1.34 |
Cash Interest Paid |
26 |
25 |
29 |
Cash Income Taxes Paid |
0.77 |
0.93 |
0.87 |
Quarterly Cash Flow Statements for Chatham Lodging Trust
This table details how cash moves in and out of Chatham Lodging Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
6.41 |
11 |
-9.40 |
12 |
42 |
-4.23 |
5.75 |
-66 |
3.15 |
1.00 |
Net Cash From Operating Activities |
|
29 |
21 |
4.75 |
28 |
34 |
10 |
6.89 |
25 |
29 |
13 |
Net Cash From Continuing Operating Activities |
|
29 |
21 |
4.75 |
28 |
34 |
10 |
6.89 |
25 |
29 |
13 |
Net Income / (Loss) Continuing Operations |
|
12 |
-2.13 |
-5.04 |
9.37 |
7.50 |
-9.33 |
-5.48 |
7.03 |
4.34 |
-1.85 |
Consolidated Net Income / (Loss) |
|
12 |
-2.13 |
-5.04 |
9.37 |
7.50 |
-9.33 |
-5.48 |
7.03 |
4.34 |
-1.85 |
Depreciation Expense |
|
15 |
14 |
14 |
15 |
15 |
15 |
15 |
15 |
15 |
15 |
Amortization Expense |
|
0.43 |
0.41 |
0.36 |
0.34 |
0.34 |
0.37 |
0.36 |
0.40 |
0.40 |
0.41 |
Non-Cash Adjustments to Reconcile Net Income |
|
1.31 |
1.42 |
2.12 |
1.34 |
1.56 |
8.10 |
1.81 |
1.66 |
1.67 |
-0.12 |
Changes in Operating Assets and Liabilities, net |
|
0.09 |
6.99 |
-6.89 |
2.33 |
9.55 |
-3.60 |
-4.99 |
1.23 |
7.18 |
-0.73 |
Net Cash From Investing Activities |
|
-3.37 |
-2.58 |
-8.10 |
-7.50 |
-5.83 |
-6.68 |
6.33 |
-52 |
-6.12 |
23 |
Net Cash From Continuing Investing Activities |
|
-3.37 |
-2.58 |
-8.10 |
-7.50 |
-5.83 |
-6.68 |
6.33 |
-52 |
-6.12 |
23 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-3.37 |
-2.58 |
-8.10 |
-7.50 |
-5.83 |
-6.68 |
-10 |
-8.40 |
-6.11 |
-5.75 |
Purchase of Investment Securities |
|
- |
- |
0.00 |
- |
- |
- |
- |
- |
-0.00 |
-0.00 |
Sale and/or Maturity of Investments |
|
- |
0.00 |
0.00 |
- |
- |
- |
17 |
- |
- |
29 |
Net Cash From Financing Activities |
|
-19 |
-7.47 |
-6.05 |
-8.54 |
15 |
-7.67 |
-7.47 |
-39 |
-20 |
-35 |
Net Cash From Continuing Financing Activities |
|
-19 |
-7.47 |
-6.05 |
-8.54 |
15 |
-7.67 |
-7.47 |
-39 |
-20 |
-35 |
Issuance of Debt |
|
0.19 |
- |
75 |
15 |
83 |
- |
0.00 |
231 |
15 |
14 |
Issuance of Common Equity |
|
0.01 |
0.01 |
0.02 |
0.02 |
0.01 |
0.02 |
0.01 |
0.01 |
0.01 |
0.01 |
Repayment of Debt |
|
-17 |
-2.30 |
-76 |
-18 |
-62 |
-1.63 |
-1.64 |
-263 |
-29 |
-43 |
Payment of Dividends |
|
-1.99 |
-1.99 |
-5.53 |
-5.55 |
-5.55 |
-5.55 |
-5.60 |
-5.58 |
-5.58 |
-5.58 |
Other Financing Activities, Net |
|
-0.02 |
-3.19 |
0.00 |
-0.00 |
-0.96 |
-0.52 |
-0.24 |
-1.05 |
-0.05 |
-0.00 |
Cash Interest Paid |
|
6.19 |
6.13 |
6.03 |
5.93 |
6.14 |
6.80 |
6.78 |
7.66 |
7.87 |
7.17 |
Cash Income Taxes Paid |
|
0.10 |
0.07 |
0.01 |
0.69 |
0.14 |
0.09 |
0.01 |
0.68 |
0.26 |
-0.08 |
Annual Balance Sheets for Chatham Lodging Trust
This table presents Chatham Lodging Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
1,344 |
1,344 |
1,255 |
Cash and Due from Banks |
26 |
68 |
20 |
Restricted Cash |
19 |
18 |
9.65 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
1,264 |
1,228 |
1,198 |
Deferred Acquisition Cost |
6.43 |
4.25 |
4.04 |
Other Assets |
28 |
26 |
23 |
Total Liabilities & Shareholders' Equity |
1,344 |
1,344 |
1,255 |
Total Liabilities |
526 |
540 |
463 |
Short-Term Debt |
0.00 |
0.00 |
110 |
Other Short-Term Payables |
34 |
35 |
35 |
Long-Term Debt |
470 |
484 |
297 |
Other Long-Term Liabilities |
22 |
21 |
21 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
818 |
804 |
792 |
Total Preferred & Common Equity |
795 |
776 |
758 |
Preferred Stock |
0.05 |
0.05 |
0.05 |
Total Common Equity |
795 |
776 |
758 |
Common Stock |
1,048 |
1,048 |
1,047 |
Retained Earnings |
-253 |
-272 |
-289 |
Noncontrolling Interest |
23 |
28 |
34 |
Quarterly Balance Sheets for Chatham Lodging Trust
This table presents Chatham Lodging Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
1,355 |
1,332 |
1,337 |
1,366 |
1,333 |
1,302 |
1,295 |
Cash and Due from Banks |
|
20 |
22 |
33 |
72 |
72 |
11 |
19 |
Restricted Cash |
|
14 |
13 |
15 |
18 |
19 |
15 |
9.50 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
1,276 |
1,258 |
1,250 |
1,242 |
1,205 |
1,242 |
1,233 |
Deferred Acquisition Cost |
|
3.71 |
4.81 |
4.97 |
4.41 |
4.77 |
4.63 |
4.48 |
Other Assets |
|
41 |
33 |
34 |
30 |
31 |
30 |
28 |
Total Liabilities & Shareholders' Equity |
|
1,355 |
1,332 |
1,337 |
1,366 |
1,333 |
1,302 |
1,295 |
Total Liabilities |
|
530 |
523 |
522 |
548 |
538 |
505 |
497 |
Short-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
120 |
125 |
Other Short-Term Payables |
|
36 |
32 |
35 |
41 |
35 |
34 |
40 |
Long-Term Debt |
|
472 |
469 |
466 |
486 |
483 |
330 |
311 |
Other Long-Term Liabilities |
|
22 |
22 |
21 |
21 |
21 |
21 |
21 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
824 |
809 |
814 |
818 |
795 |
798 |
798 |
Total Preferred & Common Equity |
|
802 |
785 |
788 |
790 |
765 |
766 |
765 |
Preferred Stock |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
Total Common Equity |
|
802 |
785 |
788 |
790 |
765 |
766 |
765 |
Common Stock |
|
1,047 |
1,048 |
1,048 |
1,048 |
1,047 |
1,047 |
1,047 |
Retained Earnings |
|
-245 |
-263 |
-259 |
-257 |
-282 |
-281 |
-282 |
Noncontrolling Interest |
|
22 |
25 |
26 |
27 |
30 |
31 |
33 |
Annual Metrics And Ratios for Chatham Lodging Trust
This table displays calculated financial ratios and metrics derived from Chatham Lodging Trust's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
0.00% |
6.17% |
1.13% |
EBITDA Growth |
354.95% |
-6.50% |
6.19% |
EBIT Growth |
127.84% |
-29.69% |
19.34% |
NOPAT Growth |
174.83% |
-74.79% |
62.18% |
Net Income Growth |
126.50% |
-74.79% |
62.18% |
EPS Growth |
108.70% |
-375.00% |
27.27% |
Operating Cash Flow Growth |
148.58% |
6.86% |
-3.42% |
Free Cash Flow Firm Growth |
214.24% |
-97.62% |
4,787.37% |
Invested Capital Growth |
-5.20% |
0.04% |
-6.95% |
Revenue Q/Q Growth |
90.25% |
1,894.11% |
21,670.52% |
EBITDA Q/Q Growth |
-43.57% |
349.93% |
594.65% |
EBIT Q/Q Growth |
-83.36% |
117.78% |
118.38% |
NOPAT Q/Q Growth |
1,684.99% |
-74.33% |
267.32% |
Net Income Q/Q Growth |
155.28% |
-87.24% |
603.75% |
EPS Q/Q Growth |
128.57% |
-466.67% |
65.22% |
Operating Cash Flow Q/Q Growth |
17.49% |
-12.47% |
3.97% |
Free Cash Flow Firm Q/Q Growth |
8.34% |
-15.89% |
38.94% |
Invested Capital Q/Q Growth |
-0.66% |
-1.19% |
-2.86% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
26.84% |
23.64% |
24.82% |
EBIT Margin |
4.17% |
2.76% |
3.26% |
Profit (Net Income) Margin |
3.68% |
0.87% |
1.40% |
Tax Burden Percent |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
88.16% |
31.60% |
42.94% |
Effective Tax Rate |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
0.75% |
0.19% |
0.32% |
ROIC Less NNEP Spread (ROIC-NNEP) |
0.75% |
0.19% |
0.32% |
Return on Net Nonoperating Assets (RNNOA) |
0.46% |
0.11% |
0.18% |
Return on Equity (ROE) |
1.21% |
0.31% |
0.51% |
Cash Return on Invested Capital (CROIC) |
6.08% |
0.15% |
7.53% |
Operating Return on Assets (OROA) |
0.81% |
0.59% |
0.72% |
Return on Assets (ROA) |
0.72% |
0.19% |
0.31% |
Return on Common Equity (ROCE) |
1.18% |
0.30% |
0.49% |
Return on Equity Simple (ROE_SIMPLE) |
1.24% |
0.32% |
0.53% |
Net Operating Profit after Tax (NOPAT) |
9.87 |
2.49 |
4.04 |
NOPAT Margin |
3.68% |
0.87% |
1.40% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
95.83% |
97.24% |
96.74% |
Earnings before Interest and Taxes (EBIT) |
11 |
7.87 |
9.40 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
72 |
67 |
71 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.71 |
0.65 |
0.58 |
Price to Tangible Book Value (P/TBV) |
0.71 |
0.65 |
0.58 |
Price to Revenue (P/Rev) |
2.10 |
1.78 |
1.52 |
Price to Earnings (P/E) |
304.10 |
0.00 |
0.00 |
Dividend Yield |
0.61% |
2.70% |
3.13% |
Earnings Yield |
0.33% |
0.00% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
0.79 |
0.73 |
0.71 |
Enterprise Value to Revenue (EV/Rev) |
3.77 |
3.28 |
2.95 |
Enterprise Value to EBITDA (EV/EBITDA) |
14.05 |
13.87 |
11.87 |
Enterprise Value to EBIT (EV/EBIT) |
90.38 |
118.65 |
90.31 |
Enterprise Value to NOPAT (EV/NOPAT) |
102.52 |
375.46 |
210.31 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
14.15 |
12.22 |
11.49 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
12.58 |
487.55 |
9.06 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.57 |
0.60 |
0.51 |
Long-Term Debt to Equity |
0.57 |
0.60 |
0.37 |
Financial Leverage |
0.62 |
0.59 |
0.56 |
Leverage Ratio |
1.69 |
1.66 |
1.63 |
Compound Leverage Factor |
1.49 |
0.52 |
0.70 |
Debt to Total Capital |
36.49% |
37.57% |
33.94% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
9.18% |
Long-Term Debt to Total Capital |
36.49% |
37.57% |
24.76% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
1.79% |
2.20% |
2.82% |
Common Equity to Total Capital |
61.72% |
60.23% |
63.24% |
Debt to EBITDA |
6.53 |
7.19 |
5.69 |
Net Debt to EBITDA |
5.90 |
5.92 |
5.27 |
Long-Term Debt to EBITDA |
6.53 |
7.19 |
4.15 |
Debt to NOPAT |
47.60 |
194.56 |
100.83 |
Net Debt to NOPAT |
43.03 |
160.10 |
93.43 |
Long-Term Debt to NOPAT |
47.60 |
194.56 |
73.57 |
Noncontrolling Interest Sharing Ratio |
2.44% |
3.18% |
3.90% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
80 |
1.92 |
94 |
Operating Cash Flow to CapEx |
377.25% |
271.91% |
241.23% |
Free Cash Flow to Firm to Interest Expense |
3.04 |
0.07 |
3.03 |
Operating Cash Flow to Interest Expense |
2.70 |
2.82 |
2.39 |
Operating Cash Flow Less CapEx to Interest Expense |
1.99 |
1.78 |
1.40 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.19 |
0.21 |
0.22 |
Fixed Asset Turnover |
0.21 |
0.23 |
0.24 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
1,288 |
1,288 |
1,199 |
Invested Capital Turnover |
0.20 |
0.22 |
0.23 |
Increase / (Decrease) in Invested Capital |
-71 |
0.57 |
-90 |
Enterprise Value (EV) |
1,012 |
934 |
849 |
Market Capitalization |
564 |
507 |
438 |
Book Value per Share |
$16.29 |
$15.88 |
$15.50 |
Tangible Book Value per Share |
$16.29 |
$15.88 |
$15.50 |
Total Capital |
1,288 |
1,288 |
1,199 |
Total Debt |
470 |
484 |
407 |
Total Long-Term Debt |
470 |
484 |
297 |
Net Debt |
425 |
398 |
377 |
Capital Expenditures (CapEx) |
19 |
28 |
31 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
470 |
484 |
407 |
Total Depreciation and Amortization (D&A) |
61 |
59 |
62 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$0.04 |
($0.11) |
($0.08) |
Adjusted Weighted Average Basic Shares Outstanding |
48.80M |
48.85M |
48.90M |
Adjusted Diluted Earnings per Share |
$0.04 |
($0.11) |
($0.08) |
Adjusted Weighted Average Diluted Shares Outstanding |
49.06M |
48.85M |
48.90M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
48.85M |
48.90M |
48.97M |
Normalized Net Operating Profit after Tax (NOPAT) |
5.32 |
1.73 |
-1.17 |
Normalized NOPAT Margin |
1.98% |
0.61% |
-0.41% |
Pre Tax Income Margin |
3.68% |
0.87% |
1.40% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
0.42 |
0.29 |
0.30 |
NOPAT to Interest Expense |
0.37 |
0.09 |
0.13 |
EBIT Less CapEx to Interest Expense |
-0.29 |
-0.75 |
-0.69 |
NOPAT Less CapEx to Interest Expense |
-0.34 |
-0.94 |
-0.86 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
82.03% |
890.76% |
553.36% |
Augmented Payout Ratio |
82.03% |
890.76% |
553.36% |
Quarterly Metrics And Ratios for Chatham Lodging Trust
This table displays calculated financial ratios and metrics derived from Chatham Lodging Trust's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
1,497.75% |
199.46% |
24.76% |
4.54% |
-1.38% |
3.57% |
2.44% |
1.53% |
-1.68% |
2.86% |
EBITDA Growth |
|
153.18% |
-79.97% |
67.25% |
-3.24% |
-18.02% |
-19.84% |
5.74% |
-7.72% |
-11.14% |
71.52% |
EBIT Growth |
|
118.84% |
-101.45% |
48.02% |
-1.30% |
-39.41% |
-371.95% |
-8.77% |
-23.55% |
-42.14% |
192.66% |
NOPAT Growth |
|
1,378.38% |
81.41% |
48.02% |
0.46% |
-39.41% |
-338.63% |
-8.77% |
-24.89% |
-42.14% |
80.14% |
Net Income Growth |
|
994.87% |
92.87% |
48.02% |
0.46% |
-39.41% |
-338.63% |
-8.77% |
-24.89% |
-42.14% |
80.14% |
EPS Growth |
|
400.00% |
66.67% |
39.13% |
0.00% |
-47.62% |
-155.56% |
-7.14% |
-33.33% |
-54.55% |
65.22% |
Operating Cash Flow Growth |
|
39.98% |
102.77% |
213.80% |
8.12% |
16.55% |
-51.83% |
45.04% |
-10.05% |
-14.19% |
27.86% |
Free Cash Flow Firm Growth |
|
930.67% |
205.89% |
236.35% |
-77.29% |
-99.90% |
-110.28% |
-103.14% |
28.89% |
89,236.14% |
1,342.78% |
Invested Capital Growth |
|
-5.38% |
-5.20% |
-8.03% |
-1.65% |
0.57% |
0.04% |
-0.03% |
-2.55% |
-5.35% |
-6.95% |
Revenue Q/Q Growth |
|
8.90% |
-22.13% |
129.54% |
29.28% |
2.74% |
-18.22% |
128.29% |
28.14% |
-0.52% |
-14.43% |
EBITDA Q/Q Growth |
|
9.79% |
-49.18% |
123.12% |
153.66% |
-6.98% |
-50.31% |
123.95% |
121.36% |
-10.42% |
-4.10% |
EBIT Q/Q Growth |
|
32.76% |
-106.48% |
90.99% |
282.49% |
-18.50% |
-150.47% |
90.38% |
228.26% |
-38.31% |
-19.17% |
NOPAT Q/Q Growth |
|
32.76% |
-112.04% |
-136.94% |
365.34% |
-19.93% |
-187.13% |
41.25% |
283.23% |
-38.31% |
-129.91% |
Net Income Q/Q Growth |
|
32.76% |
-117.19% |
-165.68% |
285.74% |
-19.93% |
-224.47% |
18.03% |
228.26% |
-38.31% |
-142.73% |
EPS Q/Q Growth |
|
40.00% |
-142.86% |
-55.56% |
207.14% |
-26.67% |
-309.09% |
34.78% |
166.67% |
-50.00% |
-260.00% |
Operating Cash Flow Q/Q Growth |
|
11.30% |
-27.09% |
-77.39% |
489.14% |
19.98% |
-69.86% |
-31.91% |
265.38% |
14.45% |
-55.10% |
Free Cash Flow Firm Q/Q Growth |
|
-36.52% |
-19.73% |
56.45% |
-71.51% |
-99.73% |
-8,661.20% |
52.21% |
1,269.00% |
86.79% |
19.10% |
Invested Capital Q/Q Growth |
|
-0.41% |
-0.66% |
-0.77% |
0.18% |
1.84% |
-1.19% |
-0.85% |
-2.34% |
-1.09% |
-2.86% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
33.64% |
21.95% |
15.74% |
30.89% |
27.97% |
16.99% |
16.25% |
28.07% |
25.28% |
28.33% |
EBIT Margin |
|
15.19% |
-1.26% |
-8.33% |
11.76% |
9.33% |
-5.76% |
-8.85% |
8.86% |
5.49% |
5.19% |
Profit (Net Income) Margin |
|
15.19% |
-3.35% |
-8.33% |
11.97% |
9.33% |
-14.20% |
-8.85% |
8.86% |
5.49% |
-2.74% |
Tax Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
100.00% |
265.34% |
100.00% |
101.78% |
100.00% |
246.61% |
100.00% |
100.00% |
100.00% |
-52.87% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
1.61% |
-0.48% |
-0.05% |
0.14% |
0.10% |
-2.20% |
-0.01% |
0.02% |
0.01% |
-0.44% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
1.61% |
-0.60% |
-0.34% |
0.14% |
0.10% |
-2.79% |
-0.35% |
0.02% |
0.01% |
-0.57% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.99% |
-0.37% |
-0.22% |
0.08% |
0.06% |
-1.64% |
-0.21% |
0.01% |
0.00% |
-0.32% |
Return on Equity (ROE) |
|
2.59% |
-0.85% |
-0.27% |
0.23% |
0.16% |
-3.84% |
-0.22% |
0.03% |
0.01% |
-0.76% |
Cash Return on Invested Capital (CROIC) |
|
5.57% |
6.08% |
9.46% |
2.79% |
0.18% |
0.15% |
0.19% |
2.57% |
5.31% |
7.53% |
Operating Return on Assets (OROA) |
|
1.54% |
-0.25% |
-0.07% |
0.13% |
0.10% |
-1.22% |
-0.01% |
0.02% |
0.01% |
1.15% |
Return on Assets (ROA) |
|
1.54% |
-0.65% |
-0.07% |
0.14% |
0.10% |
-3.01% |
-0.01% |
0.02% |
0.01% |
-0.61% |
Return on Common Equity (ROCE) |
|
2.53% |
-0.83% |
-0.27% |
0.22% |
0.16% |
-3.71% |
-0.21% |
0.03% |
0.01% |
-0.73% |
Return on Equity Simple (ROE_SIMPLE) |
|
-2.23% |
0.00% |
3.10% |
3.09% |
2.47% |
0.00% |
0.61% |
0.31% |
-0.10% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
12 |
-1.49 |
-3.53 |
9.37 |
7.50 |
-6.53 |
-3.84 |
7.03 |
4.34 |
-1.30 |
NOPAT Margin |
|
15.19% |
-2.35% |
-5.83% |
11.97% |
9.33% |
-9.94% |
-6.19% |
8.86% |
5.49% |
-1.92% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.13% |
0.29% |
0.00% |
0.00% |
0.59% |
0.35% |
0.00% |
0.00% |
0.12% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
84.81% |
101.26% |
108.33% |
88.24% |
90.67% |
105.76% |
108.85% |
91.14% |
94.51% |
94.81% |
Earnings before Interest and Taxes (EBIT) |
|
12 |
-0.80 |
-5.04 |
9.20 |
7.50 |
-3.79 |
-5.48 |
7.03 |
4.34 |
3.51 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
27 |
14 |
9.53 |
24 |
22 |
11 |
10 |
22 |
20 |
19 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.57 |
0.71 |
0.63 |
0.56 |
0.57 |
0.65 |
0.64 |
0.54 |
0.54 |
0.58 |
Price to Tangible Book Value (P/TBV) |
|
0.57 |
0.71 |
0.63 |
0.56 |
0.57 |
0.65 |
0.64 |
0.54 |
0.54 |
0.58 |
Price to Revenue (P/Rev) |
|
3.25 |
2.10 |
41.12 |
28.82 |
31.76 |
1.78 |
331.59 |
155.66 |
314.98 |
1.52 |
Price to Earnings (P/E) |
|
32.80 |
304.10 |
308.07 |
279.46 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Dividend Yield |
|
0.00% |
0.61% |
1.38% |
2.31% |
3.02% |
2.70% |
2.79% |
3.29% |
3.29% |
3.13% |
Earnings Yield |
|
3.05% |
0.33% |
0.32% |
0.36% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.71 |
0.79 |
0.74 |
0.69 |
0.67 |
0.73 |
0.71 |
0.70 |
0.69 |
0.71 |
Enterprise Value to Revenue (EV/Rev) |
|
6.51 |
3.77 |
79.23 |
57.66 |
61.42 |
3.28 |
616.68 |
325.84 |
647.54 |
2.95 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.20 |
14.05 |
45.94 |
44.63 |
58.62 |
13.87 |
62.13 |
68.17 |
83.24 |
11.87 |
Enterprise Value to EBIT (EV/EBIT) |
|
13.65 |
90.38 |
0.00 |
0.00 |
0.00 |
118.65 |
0.00 |
0.00 |
0.00 |
90.31 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1,660.81 |
102.52 |
65.49 |
60.96 |
90.49 |
375.46 |
445.18 |
0.00 |
0.00 |
210.31 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
15.08 |
14.15 |
11.82 |
10.76 |
10.04 |
12.22 |
11.59 |
11.51 |
12.07 |
11.49 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
12.36 |
12.58 |
7.54 |
24.67 |
385.09 |
487.55 |
365.95 |
26.87 |
12.71 |
9.06 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.57 |
0.57 |
0.58 |
0.57 |
0.59 |
0.60 |
0.61 |
0.56 |
0.55 |
0.51 |
Long-Term Debt to Equity |
|
0.57 |
0.57 |
0.58 |
0.57 |
0.59 |
0.60 |
0.61 |
0.41 |
0.39 |
0.37 |
Financial Leverage |
|
0.62 |
0.62 |
0.65 |
0.59 |
0.58 |
0.59 |
0.59 |
0.57 |
0.57 |
0.56 |
Leverage Ratio |
|
1.68 |
1.69 |
1.72 |
1.65 |
1.66 |
1.66 |
1.66 |
1.64 |
1.65 |
1.63 |
Compound Leverage Factor |
|
1.68 |
4.48 |
1.72 |
1.68 |
1.66 |
4.09 |
1.66 |
1.64 |
1.65 |
-0.86 |
Debt to Total Capital |
|
36.41% |
36.49% |
36.68% |
36.39% |
37.28% |
37.57% |
37.77% |
36.05% |
35.33% |
33.94% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
9.62% |
10.13% |
9.18% |
Long-Term Debt to Total Capital |
|
36.41% |
36.49% |
36.68% |
36.39% |
37.28% |
37.57% |
37.77% |
26.43% |
25.20% |
24.76% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
1.70% |
1.79% |
1.92% |
2.03% |
2.10% |
2.20% |
2.34% |
2.52% |
2.66% |
2.82% |
Common Equity to Total Capital |
|
61.88% |
61.72% |
61.40% |
61.58% |
60.62% |
60.23% |
59.88% |
61.43% |
62.01% |
63.24% |
Debt to EBITDA |
|
3.70 |
6.53 |
22.63 |
23.41 |
32.48 |
7.19 |
32.92 |
35.15 |
42.36 |
5.69 |
Net Debt to EBITDA |
|
3.43 |
5.90 |
20.91 |
21.01 |
26.47 |
5.92 |
26.68 |
33.15 |
39.56 |
5.27 |
Long-Term Debt to EBITDA |
|
3.70 |
6.53 |
22.63 |
23.41 |
32.48 |
7.19 |
32.92 |
25.77 |
30.22 |
4.15 |
Debt to NOPAT |
|
853.74 |
47.60 |
32.27 |
31.97 |
50.14 |
194.56 |
235.87 |
-2,254.59 |
-180.80 |
100.83 |
Net Debt to NOPAT |
|
791.90 |
43.03 |
29.80 |
28.70 |
40.86 |
160.10 |
191.14 |
-2,125.78 |
-168.84 |
93.43 |
Long-Term Debt to NOPAT |
|
853.74 |
47.60 |
32.27 |
31.97 |
50.14 |
194.56 |
235.87 |
-1,653.08 |
-128.96 |
73.57 |
Noncontrolling Interest Sharing Ratio |
|
2.30% |
2.44% |
2.71% |
2.87% |
3.02% |
3.18% |
3.40% |
3.57% |
3.73% |
3.90% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
86 |
69 |
108 |
31 |
0.08 |
-7.11 |
-3.40 |
40 |
74 |
88 |
Operating Cash Flow to CapEx |
|
854.48% |
813.67% |
58.65% |
373.20% |
575.71% |
151.50% |
66.64% |
299.60% |
471.41% |
225.18% |
Free Cash Flow to Firm to Interest Expense |
|
13.44 |
10.28 |
16.79 |
4.78 |
0.01 |
-0.96 |
-0.46 |
5.14 |
8.97 |
11.64 |
Operating Cash Flow to Interest Expense |
|
4.50 |
3.12 |
0.74 |
4.34 |
4.90 |
1.37 |
0.94 |
3.26 |
3.49 |
1.71 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.97 |
2.74 |
-0.52 |
3.18 |
4.05 |
0.46 |
-0.47 |
2.17 |
2.75 |
0.95 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.10 |
0.19 |
0.01 |
0.01 |
0.01 |
0.21 |
0.00 |
0.00 |
0.00 |
0.22 |
Fixed Asset Turnover |
|
0.11 |
0.21 |
0.01 |
0.01 |
0.01 |
0.23 |
0.00 |
0.00 |
0.00 |
0.24 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,297 |
1,288 |
1,278 |
1,280 |
1,304 |
1,288 |
1,278 |
1,248 |
1,234 |
1,199 |
Invested Capital Turnover |
|
0.11 |
0.20 |
0.01 |
0.01 |
0.01 |
0.22 |
0.00 |
0.00 |
0.00 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
-74 |
-71 |
-112 |
-21 |
7.42 |
0.57 |
-0.44 |
-33 |
-70 |
-90 |
Enterprise Value (EV) |
|
918 |
1,012 |
951 |
888 |
877 |
934 |
911 |
872 |
857 |
849 |
Market Capitalization |
|
458 |
564 |
494 |
444 |
454 |
507 |
490 |
417 |
417 |
438 |
Book Value per Share |
|
$16.44 |
$16.29 |
$16.06 |
$16.14 |
$16.18 |
$15.88 |
$15.65 |
$15.67 |
$15.65 |
$15.50 |
Tangible Book Value per Share |
|
$16.44 |
$16.29 |
$16.06 |
$16.14 |
$16.18 |
$15.88 |
$15.65 |
$15.67 |
$15.65 |
$15.50 |
Total Capital |
|
1,297 |
1,288 |
1,278 |
1,280 |
1,304 |
1,288 |
1,278 |
1,248 |
1,234 |
1,199 |
Total Debt |
|
472 |
470 |
469 |
466 |
486 |
484 |
483 |
450 |
436 |
407 |
Total Long-Term Debt |
|
472 |
470 |
469 |
466 |
486 |
484 |
483 |
330 |
311 |
297 |
Net Debt |
|
438 |
425 |
433 |
418 |
396 |
398 |
391 |
424 |
407 |
377 |
Capital Expenditures (CapEx) |
|
3.37 |
2.58 |
8.10 |
7.50 |
5.83 |
6.68 |
10 |
8.40 |
6.11 |
5.75 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.64 |
1.51 |
0.00 |
0.00 |
2.80 |
1.65 |
0.00 |
0.00 |
0.56 |
Net Nonoperating Obligations (NNO) |
|
472 |
470 |
469 |
466 |
486 |
484 |
483 |
450 |
436 |
407 |
Total Depreciation and Amortization (D&A) |
|
15 |
15 |
15 |
15 |
15 |
15 |
16 |
15 |
16 |
16 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.21 |
($0.09) |
($0.14) |
$0.15 |
$0.11 |
($0.23) |
($0.15) |
$0.10 |
$0.05 |
($0.08) |
Adjusted Weighted Average Basic Shares Outstanding |
|
48.80M |
48.80M |
48.84M |
48.85M |
48.85M |
48.85M |
48.89M |
48.90M |
48.90M |
48.90M |
Adjusted Diluted Earnings per Share |
|
$0.21 |
($0.09) |
($0.14) |
$0.15 |
$0.11 |
($0.23) |
($0.15) |
$0.10 |
$0.05 |
($0.08) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
49.07M |
49.06M |
48.84M |
48.96M |
49.00M |
48.85M |
48.89M |
49.01M |
49.07M |
48.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
48.81M |
48.85M |
48.86M |
48.86M |
48.86M |
48.90M |
48.91M |
48.91M |
48.91M |
48.97M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
8.59 |
-1.49 |
-3.27 |
6.52 |
5.25 |
-6.51 |
-3.54 |
4.92 |
3.05 |
-5.40 |
Normalized NOPAT Margin |
|
10.54% |
-2.35% |
-5.41% |
8.33% |
6.53% |
-9.90% |
-5.71% |
6.19% |
3.86% |
-7.99% |
Pre Tax Income Margin |
|
15.19% |
-3.35% |
-8.33% |
11.97% |
9.33% |
-14.20% |
-8.85% |
8.86% |
5.49% |
-2.74% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.93 |
-0.12 |
-0.78 |
1.43 |
1.09 |
-0.51 |
-0.75 |
0.91 |
0.53 |
0.46 |
NOPAT to Interest Expense |
|
1.93 |
-0.22 |
-0.55 |
1.45 |
1.09 |
-0.88 |
-0.53 |
0.91 |
0.53 |
-0.17 |
EBIT Less CapEx to Interest Expense |
|
1.41 |
-0.50 |
-2.04 |
0.26 |
0.24 |
-1.41 |
-2.17 |
-0.18 |
-0.21 |
-0.30 |
NOPAT Less CapEx to Interest Expense |
|
1.41 |
-0.61 |
-1.81 |
0.29 |
0.24 |
-1.79 |
-1.94 |
-0.18 |
-0.21 |
-0.93 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-47.20% |
82.03% |
47.21% |
61.72% |
95.41% |
890.76% |
474.12% |
943.87% |
-2,783.77% |
553.36% |
Augmented Payout Ratio |
|
-47.20% |
82.03% |
47.21% |
61.72% |
95.41% |
890.76% |
474.12% |
943.87% |
-2,783.77% |
553.36% |
Key Financial Trends
Chatham Lodging Trust (NYSE: CLDT) has shown mixed financial performance over the recent four years, with clear signs of volatility in earnings but stable operational cash flow generation and active management of its balance sheet.
Positive Factors
- Consistent generation of positive net cash from operating activities each quarter, with Q4 2024 showing $12.9 million and Q3 2024 $28.8 million, indicating strong cash-generating ability despite net income fluctuations.
- Steady investment in property, leasehold improvements, and equipment supports asset quality and potential for future growth, with capex spending around $5.7 million in Q4 2024 and $6.1 million in Q3 2024.
- Stable dividend policy with quarterly cash dividends to common shareholders maintaining at $0.07 per share throughout the period, offering income continuity to investors.
- Sale or maturity of investments provided liquidity boosts, like $28.7 million realized in Q4 2024, which aids in funding operating and investing activities without reliance on debt.
- Total assets remained substantial and relatively stable, ranging around $1.29 billion to $1.35 billion, indicating a robust asset base supporting the business.
- Common equity remains strong, approximately $765 million to $802 million, providing financial resilience and a buffer against liabilities.
Neutral Factors
- Interest expense remains significantly higher than interest income every quarter (e.g., $7.6 million expense vs. $85 thousand income in Q4 2024), resulting in a negative net interest expense that is typical for real estate trusts with debt financing.
- Chatham Lodging Trust actively manages debt, with issuances and repayments fluctuating quarter to quarter (e.g., $14 million issuance and $43.3 million repayments in Q4 2024), suggesting a dynamic capital structure strategy.
- Amortization and depreciation expenses are sizable but stable (around $15 million quarterly), reflecting consistent asset base wear and the company's accounting allocations.
- Noncontrolling interests remained stable, representing minority interests in consolidated subsidiaries, contributing around $26 million to $33 million in equity.
Negative Factors
- Net income is volatile and has shown losses in recent quarters, with substantial net losses attributable to common shareholders, for instance, a loss of $9.6 million in Q4 2024 after profits in previous quarters.
- The company recorded negative total pre-tax income in several quarters such as Q4 2024 at -$1.85 million, and also in Q1 2024, indicating pressures on profitability.
- Retained earnings show significant negative balances (about -$280 million), indicating accumulated losses or distributions exceeding earnings over time.
- High and growing long-term debt level reaching over $310 million in Q3 2024 with leverage effects on interest expenses and overall financial risk.
- Despite positive operating cash flow, Q4 2024 reported consolidated net loss of $1.85 million and net income attributable to common shareholders of negative $9.57 million, reflecting challenges in translating revenue into profit.
Summary
Over the past years, Chatham Lodging Trust has maintained robust cash flows and asset base, supporting its dividend payouts and capital expenditures. However, the company has experienced significant volatility in net income, with repeated net losses impacting retained earnings and shareholder equity growth. The consistent high interest expense related to substantial long-term debt continues to pressure net interest results and overall profitability. Investors should consider the stable cash flow profile alongside earnings variability and leverage when evaluating CLDT's financial health and investment potential.
09/18/25 05:01 PM ETAI Generated. May Contain Errors.