C
Chatham Lodging Trust
Period
FY 2025
Revenue
$295.07M
Net Income
$15.05M
Total Assets
$1.17B
Equity
$740.80M
Shares Out
46.68M
Op. Cash Flow
$64.08M
Business
Chatham Lodging Trust is a Maryland REIT that owns and operates upscale extended-stay and premium-branded select-service hotels. The company's portfolio includes Residence Inn, Homewood Suites, Courtyard, and Hampton Inn properties across major U.S. metropolitan markets. Hotels are leased to wholly owned taxable REIT subsidiaries and managed by third-party operators under franchise agreements with major brands. The company pursues acquisition, value-added repositioning, and asset management strategies.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Reimbursable costs from related parties | 1 | 1 | 1 | — | — | |
| Total revenue | 295 | 317 | 311 | — | — | |
| Depreciation and amortization | 60 | 61 | 58 | 59 | 54 | |
| Impairment loss | 0 | 4 | 4 | — | — | |
| Property taxes, ground rent and insurance | 22 | 24 | 24 | 21 | 24 | |
| General and administrative | 17 | 18 | 18 | — | — | |
| Other charges | 27,000 | 327,000 | 2 | — | 711,000 | |
| Reimbursable costs from related parties | 1 | 1 | 1 | — | — | |
| Total operating expenses | 269 | 290 | 283 | 261 | 221 | |
| Operating income before gain on sale of hotel properties | 27 | 28 | 29 | — | — | |
| Gain on sale of hotel properties | 14 | 6 | 18,000 | 0 | 24 | |
| Operating income | 41 | 33 | 29 | 36 | −17 | |
| Interest and other income | 270,000 | 2 | 2 | — | — | |
| Interest expense, including amortization of deferred fees | −26 | −31 | −27 | −26 | — | |
| Loss on early extinguishment of debt | −174,000 | −17,000 | −696,000 | −138,000 | 0 | |
| Gain from partial lease termination | 0 | 0 | 164,000 | 0 | 0 | |
| Income before income tax expense | 15 | 4 | 2 | 10 | −19 | |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | |
| Net income | 15 | 4 | 2 | 10 | −19 | |
| Net (income) loss attributable to non-controlling interest | −260,000 | 131,000 | 156,000 | −66,000 | 435,000 | |
| Net income attributable to Chatham Lodging Trust | 15 | 4 | 3 | 10 | −18 | |
| Preferred dividends | −8 | −8 | −8 | −8 | −4 | |
| Net income (loss) attributable to common shareholders | 7 | −4 | −5 | 2 | −22 | |
| Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) | 0.14 | −0.08 | −0.11 | 0.04 | −0.46 | |
| Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) | 0.14 | −0.08 | −0.11 | 0.04 | −0.46 | |
| Basic (in shares) | 49 | 49 | 49 | 49 | 48 | |
| Diluted (in shares) | 50 | 49 | 49 | 49 | 48 | |
| Dividends declared (in dollars per share) | 0.36 | 0.28 | 0.28 | 0.07 | 0 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Real Estate Investment Property, Net | 1,107 | 1,198 | 1,228 | 1,264 | 1,283 | |
| Cash and cash equivalents | 24 | 20 | 68 | 26 | 19 | |
| Restricted cash | 8 | 10 | 18 | 19 | 11 | |
| Right of use asset, net | 17 | 18 | 18 | 19 | 20 | |
| Hotel receivables (net of allowance for doubtful accounts of $261 and $300, respectively) | 3 | 3 | — | — | — | |
| Deferred costs, net | 7 | 4 | 4 | 6 | 5 | |
| Prepaid expenses and other assets | 4 | 3 | 4 | 3 | 3 | |
| Total assets | 1,170 | 1,255 | 1,344 | 1,344 | 1,411 | |
| Mortgage debt, net | 141 | 157 | — | — | 439 | |
| Revolving credit facility | 0 | 110 | 0 | 0 | 70 | |
| Unsecured term loan, net | 197 | 140 | 90 | 0 | — | |
| Accounts payable and accrued expenses (including $234 and $490 due to related parties, respectively) | 27 | 30 | 29 | 29 | 28 | |
| Operating and Finance Lease, Liabilities | 20 | 21 | — | — | — | |
| Distributions payable | 7 | 6 | 5 | 5 | 2 | |
| Total liabilities | 392 | 463 | 540 | 526 | 597 | |
| Commitments and contingencies (see note 13) | — | — | — | — | — | |
| Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at December 31, 2025 and 2024, respectively | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | |
| Common shares, $0.01 par value, 500,000,000 shares authorized; 47,708,587 and 48,912,293 shares issued and outstanding at December 31, 2025 and 2024, respectively | 477,000 | 489,000 | 488,000 | 488,000 | 487,000 | |
| Additional paid-in capital | 1,040 | 1,047 | — | — | — | |
| Accumulated deficit | −300 | −289 | −272 | −253 | −251 | |
| Total shareholders equity | 741 | 758 | 776 | 795 | 798 | |
| Noncontrolling interest in operating partnership | 37 | 34 | — | — | — | |
| Total equity | 778 | 792 | 804 | 818 | 814 | |
| Total liabilities and equity | 1,170 | 1,255 | 1,344 | 1,344 | 1,411 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization of investment in hotel properties | 60 | 61 | 58 | 59 | — | |
| Amortization of deferred franchise fees | 200,000 | 200,000 | 200,000 | — | — | |
| Amortization of deferred financing fees included in interest expense | 1 | 1 | 1 | 1 | 2 | |
| Write-off of hotel development costs included in other charges | 0 | 0 | 2 | — | — | |
| Loss on early extinguishment of debt | 174,000 | 17,000 | 672,000 | — | — | |
| Gain (Loss) on write-off of deferred franchise fee | 0 | 50,000 | 0 | — | — | |
| Share based compensation | 6 | 6 | 6 | 6 | 5 | |
| Right of use asset | 635,000 | 593,000 | 625,000 | — | — | |
| Hotel receivables | 92,000 | 1 | 803,000 | — | — | |
| Deferred costs | −1 | −271,000 | −102,000 | −175,000 | −327,000 | |
| Prepaid expenses and other assets | −1 | 942,000 | −382,000 | −764,000 | −526,000 | |
| Accounts payable and accrued expenses | −3 | 256,000 | 1 | 460,000 | 6 | |
| Lease liability | −541,000 | −159,000 | −604,000 | — | — | |
| Net cash provided by operating activities | 64 | 74 | 76 | 72 | 29 | |
| Improvements and additions to hotel properties | −25 | −31 | −28 | — | — | |
| Acquisition of hotel properties, net | 0 | −44 | 0 | — | — | |
| Proceeds from sale of hotel properties, net | 70 | 46 | 0 | 80 | 0 | |
| Payments of franchise application costs | −110,000 | −700,000 | 0 | — | — | |
| Net cash provided by (used in) investing activities | 45 | −29 | −28 | 30 | −102 | |
| Borrowings on revolving credit facility | 15 | 150 | 0 | — | — | |
| Repayments on revolving credit facility | −125 | −40 | 0 | −110 | −155 | |
| Repayments on construction loan | 0 | 0 | −39 | 0 | 0 | |
| Borrowings on unsecured term loan | 200 | 50 | 90 | 0 | 0 | |
| Repayments on unsecured term loan | −140 | 0 | 0 | — | — | |
| Repayments of mortgage debt | −16 | −297 | −118 | — | — | |
| Proceeds from the issuance of mortgage debt | 0 | 60 | 83 | — | — | |
| Principal payments on finance lease | −26,000 | −15,000 | 0 | 0 | — | |
| Payments of financing costs | −6 | −1 | −1 | −3 | −736,000 | |
| Payment of offering costs on common shares | 0 | −278,000 | −2,000 | — | — | |
| Proceeds from issuance of common shares | 54,000 | 53,000 | 61,000 | 57,000 | 25 | |
| In-substance repurchase of vested common shares | −5,000 | 0 | 0 | — | — | |
| Repurchases of common shares | −9 | 0 | 0 | — | — | |
| Distributions - common shares/units | −18 | −14 | −14 | −147,000 | −282,000 | |
| Distributions - preferred shares | −8 | −8 | −8 | −8 | −2 | |
| Net cash used in financing activities | −107 | −101 | −8 | −86 | 72 | |
| Net change in cash, cash equivalents and restricted cash | 3 | −56 | 41 | 15 | −2 | |
| Cash paid for interest | 24 | 29 | 25 | 25 | 26 | |
| Cash paid for taxes | 637,000 | 871,000 | 930,000 | — | — | |
| Remeasurement of right of use asset from partial lease termination | 0 | 0 | 531,000 | — | — | |
| Remeasurement of lease liability from partial lease termination | 0 | 0 | 695,000 | — | — |
Filings
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Frequently asked questions
What is Chatham Lodging Trust's CIK number?
Chatham Lodging Trust's SEC CIK number is 0001476045 (1476045). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Chatham Lodging Trust's SEC filings?
All of Chatham Lodging Trust's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Chatham Lodging Trust last report earnings?
Chatham Lodging Trust (CLDT-PA) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015374). This is Chatham Lodging Trust's most recent earnings filing of record — not a forecast of its next earnings date.
What is Chatham Lodging Trust's most recent earnings 8-K?
Chatham Lodging Trust's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001437749-26-015374. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Chatham Lodging Trust's latest earnings 8-K →
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