Chatham Lodging Trust SEC 10-Q Report

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2025.11.05 19:33
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Chatham Lodging Trust has released its Q3 2025 Form 10-Q report, revealing a total revenue of $78.4 million, down 10.1% from 2024, due to a decrease in RevPAR and the sale of five hotels. Operating income fell to $9.9 million, and net income was $3.6 million. The company owned 34 hotels with a 79.0% occupancy rate. Looking ahead, Chatham anticipates limited visibility in industry performance and aims to maintain a leverage ratio in the low 20s to low 50s while continuing its acquisition strategy in diverse markets.

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

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