Hotel REIT Chatham Lodging Q3 RevPAR declines 2.5%

Chatham Lodging Trust

05/11/2025 11:45

Overview

Chatham Lodging Q3 RevPAR declines 2.5% yr/yr to $151

Adjusted EBITDA for Q3 falls by $4 mln to $26 mln

Company executes new $500 mln credit facility, upsized from $400 mln

Outlook

Chatham expects Q4 2025 RevPAR to be $128-$130

Company forecasts full-year 2025 RevPAR of $140-$141

Chatham projects Q4 2025 adjusted EBITDA of $16.7M-$18.3M

Company anticipates full-year 2025 adjusted FFO of $49.2M-$50.8M

Result Drivers

LOWER CORPORATE DEMAND - Weak corporate demand in Sunnyvale and weak convention calendars in San Diego, Austin, and Dallas impacted RevPAR

COASTAL NORTHEAST GROWTH - Coastal Northeast hotels grew RevPAR by 2%, driven by renovations and increased demand

CREDIT FACILITY - New $500 mln credit facility completed, providing financial flexibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.03
Q3 Adjusted FFO Per Share
$0.32
Q3 RevPAR
$151


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Chatham Lodging Trust is $8.50, about 24.7% above its November 4 closing price of $6.40

Press Release: ID:nBw9PKrP9a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)