Chatham Lodging Trust SEC 10-Q Report

Chatham Lodging Trust, a real estate investment trust (REIT) focused on investing in upscale extended-stay and premium-branded select-service hotels, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, reflecting the challenges and strategic decisions made during the period. Financial Highlights Total Revenue: $78.4 million, decreased by 10.1% compared to the same period in 2024, primarily due to a 2.5% decrease in same property RevPAR and the sales of five hotels.Operating Income: $9.9 million, down from $12.5 million in the same period in 2024, reflecting the impact of lower revenue and inflationary cost pressures.Net Income: $3.6 million, compared to $4.3 million for the same period in 2024, primarily due to the factors discussed above.Net Income attributable to common shareholders: $1.5 million, compared to $2.3 million for the same period in 2024.Net Income Per Share - Basic: $0.03, compared to $0.05 for the same period in 2024.Net Income Per Share - Diluted: $0.03, compared to $0.05 for the same period in 2024. Business Highlights Revenue Segments: The company's revenue primarily comes from room revenue, which accounted for 91.7% of total revenue for the three months ended September 30, 2025. Food and beverage revenue and other operating revenue, including parking and meeting room fees, also contribute to the total revenue.Geographical Performance: The company sold five hotels in various locations, including Houston, TX, and Brentwood, TN, which impacted revenue and operating expenses. The sales of these hotels contributed to a decrease in total revenue and operating expenses.Sales Units: The company owned 34 hotels with an aggregate of 5,166 rooms as of September 30, 2025. The occupancy rate for the same property hotels was 79.0% for the three months ended September 30, 2025.Future Outlook: The company anticipates limited visibility toward industry performance for the remainder of 2025, with a focus on maintaining a leverage ratio in the low 20s to low 50s. The company plans to continue its strategy of acquiring upscale extended-stay and premium-branded select-service hotels in geographically diverse markets.SEC Filing: Chatham Lodging Trust [ CLDT ] - 10-Q - Nov. 05, 2025