v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Reimbursable costs from related parties $ 298 $ 276 $ 819 $ 802
Total revenue 90,921 78,409 246,229 227,337
Expenses:        
Depreciation and amortization 16,053 14,707 46,557 45,133
Property taxes, ground rent and insurance 5,486 5,328 15,928 17,205
General and administrative 4,718 4,142 13,957 12,741
Other charges (122) 16 360 24
Reimbursable costs from related parties 298 276 819 802
Total operating expenses 76,538 68,515 214,942 204,750
Operating income before gain on sale of hotel properties 14,383 9,894 31,287 22,587
(Loss) gain on sale of hotel properties (82) 39 49 7,507
Operating income 14,301 9,933 31,336 30,094
Interest and other income 28 71 130 192
Interest expense, including amortization of deferred fees (6,805) (6,243) (19,909) (19,508)
Loss on early extinguishment of debt 0 (174) 0 (174)
Income before income tax expense 7,524 3,587 11,557 10,604
Income tax expense (62) 0 (187) 0
Net income 7,462 3,587 11,370 10,604
Net income attributable to noncontrolling interests (207) (56) (210) (163)
Net income attributable to Chatham Lodging Trust 7,255 3,531 11,160 10,441
Preferred dividends (1,987) (1,987) (5,962) (5,962)
Net income attributable to common shareholders $ 5,268 $ 1,544 $ 5,198 $ 4,479
Income per common share - basic:        
Net income attributable to common shareholders (Note 10) (in dollars per share) $ 0.11 $ 0.03 $ 0.11 $ 0.09
Income per common share - diluted:        
Net income attributable to common shareholders (Note 10) (in dollars per share) $ 0.11 $ 0.03 $ 0.11 $ 0.09
Weighted average number of common shares outstanding:        
Basic (in shares) 46,550,856 48,910,697 46,809,650 48,956,588
Diluted (in shares) 48,089,260 49,600,250 48,323,356 50,068,092
Dividends declared (in dollars per share) $ 0.1 $ 0.09 $ 0.3 $ 0.27
Occupancy [Member]        
Revenue:        
Revenue $ 83,339 $ 71,923 $ 225,186 $ 207,737
Food and Beverage [Member]        
Revenue:        
Revenue 1,598 1,561 4,804 5,083
Hotel, Other [Member]        
Revenue:        
Revenue 5,686 4,649 15,420 13,715
Hotel [Member]        
Expenses:        
Room 18,004 15,469 48,635 45,255
Food and beverage 1,350 1,368 4,064 4,192
Telephone 418 292 1,145 884
Other hotel operating 1,527 1,171 3,912 3,353
General and administrative 7,384 6,667 21,675 20,703
Franchise and marketing fees 7,230 6,349 19,456 18,215
Advertising and promotions 1,921 1,923 5,491 5,185
Utilities 4,107 3,597 10,270 9,561
Repairs and maintenance 4,197 3,797 11,727 11,463
Management fees paid to related parties 3,064 2,600 8,284 7,575
Insurance 903 813 2,662 2,459
Total hotel operating expenses $ 50,105 $ 44,046 $ 137,321 $ 128,845