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 experienced mixed financial results over the last four years, with notable volatility in its quarterly earnings and cash flows. Here are the key takeaways from the recent quarterly reports:
- In Q4 2024, the company generated strong total revenue of approximately $67.6 million, supported by $75.1 million in total non-interest income.
- Operating cash flow remains solid with $12.9 million of net cash from continuing operating activities in Q4 2024, reflecting the ability to generate cash even amid net losses.
- Depreciation and amortization expenses are consistently significant, around $15 million per quarter, indicating ongoing investment in property and equipment.
- Sale and/or maturity of investments provided substantial cash inflows in Q4 2024 ($28.7 million) and prior quarters, bolstering liquidity.
- The company maintains a sizeable asset base of over $1.29 billion as of Q3 2024, primarily driven by premises and equipment assets of about $1.23 billion, underpinning its lodging-focused real estate portfolio.
- Chatham Lodging continues to pay consistent cash dividends of $0.07 per share each quarter, reflecting a commitment to returning capital to shareholders despite earnings fluctuations.
- The weighted average shares outstanding have remained stable around 49 million shares over the last four quarters, indicating limited dilution.
- Interest expense due to long-term debt remains high, averaging $7.3 million to $7.8 million per quarter, exerting pressure on net interest income and profits.
- The company reported a consolidated net loss attributable to common shareholders of approximately $9.6 million in Q4 2024, with a negative EPS of $0.08, marking a decline from prior quarters where net income was positive.
- Despite positive total revenues, total non-interest expenses are high (about $64.1 million in Q4 2024), leading to an operating loss before tax and a negative net income in recent quarters.
Trend Summary: Over the last four years, Chatham Lodging Trust has shown robust revenue generation driven by non-interest income and steady asset growth, but profitability has been inconsistent with regular net losses attributed mainly to high interest and operating expenses. Cash flow from operations remains positive, and the company proactively manages its investment and financing activities, including periodic asset sales and debt issuance/repayment. Continued attention to cost management and interest expense reduction will be critical for the company to return to consistent profitability.
08/08/25 03:05 PMAI Generated. May Contain Errors.