v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Reimbursable costs from related parties $ 249 $ 275 $ 526 $ 553
Total revenue 80,294 86,479 148,929 154,920
Expenses:        
Depreciation and amortization 15,395 14,914 30,426 30,169
Property taxes, ground rent and insurance 6,134 5,981 11,877 11,275
General and administrative 3,992 4,633 8,599 9,227
Other charges 0 27 7 77
Reimbursable costs from related parties 249 275 526 553
Total operating expenses 68,790 72,401 136,235 139,714
Operating income before gain (loss) on sale of hotel properties 11,504 14,078 12,694 15,206
Gain (loss) on sale of hotel properties 350 12 7,468 (140)
Operating income 11,854 14,090 20,162 15,066
Interest and other income 59 684 121 1,529
Interest expense, including amortization of deferred fees (6,414) (7,723) (13,266) (15,030)
Loss on early extinguishment of debt 0 (17) 0 (17)
Income before income tax expense 5,499 7,034 7,017 1,548
Income tax expense 0 0 0 0
Net income 5,499 7,034 7,017 1,548
Net (income) loss attributable to noncontrolling interests (123) (186) (106) 73
Net income attributable to Chatham Lodging Trust 5,376 6,848 6,911 1,621
Preferred dividends (1,987) (1,987) (3,975) (3,975)
Net income (loss) attributable to common shareholders $ 3,389 $ 4,861 $ 2,936 $ (2,354)
Income (loss) per common share - basic:        
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) $ 0.07 $ 0.1 $ 0.06 $ (0.05)
Income (loss) per common share - diluted:        
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) $ 0.07 $ 0.1 $ 0.06 $ (0.05)
Weighted average number of common shares outstanding:        
Basic (in shares) 48,998,696 48,900,609 48,979,914 48,896,301
Diluted (in shares) 49,565,693 49,013,530 49,985,844 48,896,301
Distributions declared per common share: (in dollars per share) $ 0.09 $ 0.07 $ 0.18 $ 0.14
Occupancy [Member]        
Revenue:        
Revenue $ 73,396 $ 79,044 $ 135,814 $ 141,526
Food and Beverage [Member]        
Revenue:        
Revenue 1,864 2,127 3,523 3,973
Hotel, Other [Member]        
Revenue:        
Revenue 4,785 5,033 9,066 8,868
Hotel [Member]        
Expenses:        
Room 14,957 16,966 29,786 32,099
Food and beverage 1,386 1,608 2,823 3,091
Telephone 281 328 592 647
Other hotel operating 1,157 1,025 2,183 1,844
General and administrative 7,125 7,231 14,036 14,396
Franchise and marketing fees 6,435 6,936 11,866 12,425
Advertising and promotions 1,655 1,585 3,262 2,927
Utilities 2,811 3,106 5,964 6,115
Repairs and maintenance 3,708 4,103 7,666 8,057
Management fees paid to related parties 2,685 2,850 4,975 5,159
Insurance 820 833 1,647 1,653
Total hotel operating expenses $ 43,020 $ 46,571 $ 84,800 $ 88,413