Brief: Chatham Lodging Trust Q2 Adjusted FFO Loss Per Share $0.26

Chatham Lodging Trust

05/08/2020 11:33

Aug 5 (Reuters) - Chatham Lodging Trust  CLDT.N :
    * ANNOUNCES SECOND QUARTER 2020 RESULTS
    * Q2 ADJUSTED FFO LOSS PER SHARE $0.26
    * SAYS REDUCED ITS 2020 CAPITAL EXPENDITURES BUDGET BY
APPROXIMATELY $10 MILLION OR 45 PERCENT
    * SAYS REDUCED CORPORATE STAFFING BY APPROXIMATELY 23
PERCENT
    * INCLUDING TEMPORARY COMPENSATION REDUCTIONS AND REDUCED
STAFFING, CO REDUCED SALARY COSTS FOR EMPLOYEES BY 48%

Source text for Eikon:  ID:nBw1ZHRc9a 
Further company coverage:  CLDT.N 

 ((Reuters.Briefs@thomsonreuters.com;))