Chatham Lodging Announces First Quarter 2026 Results; Increases Guidance 15% following Strong Operating Results, Accretive Acquisition and Share Repurchases

Published: 2026-05-08 11:32:27 ET CLDT

Published on 05/08/2026 at 11:32 am EDT

WEST PALM BEACH, Fla- Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the first quarter ended March 31, 2026.

First Quarter 2026 Key Operating Metrics

Portfolio Revenue Per Available Room (RevPAR) - Increased 1 percent to $128 compared to the 2025 first quarter for the 39 comparable hotels. Occupancy increased 15 basis points to 73 percent and average daily rate (ADR) rose 80 basis points to $177, which represents an all-time first quarter record.

RevPAR for the four Silicon Valley hotels was up 11 percent. Excluding the Mt. View hotel, which was under renovation for the entire quarter, RevPAR was up a strong 23 percent.

RevPAR for the recently acquired six-hotel portfolio jumped 6 percent to $108.

Net Income (loss) - Incurred a net loss applicable to common shareholders of $6 million compared to a net loss of less than $1 million in the 2025 first quarter (2025 included a gain on sale of assets of $7 million). Net loss to common shareholders per diluted common share was $(0.13) versus net loss per diluted common share of $(0.01) for the same period last year.

Hotel Margins - Drove GOP margins 60 basis points higher to 40 percent in the 2026 first quarter. Hotel EBITDA margins surged 135 basis points to 32 percent in the 2026 first quarter.

Adjusted EBITDA - Adjusted EBITDA rose approximately $500 thousand to $18 million.

Adjusted FFO - AFFO jumped from $9 million in the 2025 first quarter to $10 million in the 2026 first quarter. Adjusted FFO per diluted share advanced 18 percent to $0.20 compared to $0.17 in the 2025 first quarter. Beginning in 2026, like all other peers, Chatham adds back share-based compensation expense in its calculation of adjusted FFO per share and prior periods have been recast.

The following chart summarizes the consolidated financial results for the three months ended March 31, 2026, and 2025, based on all properties owned during those periods, except for RevPAR, which is based on the comparable 39 hotels ($ in millions, except margin percentages and per share data):

See full release at:

https://chathamlodgingtrust.gcs-web.com/news-releases/news-release-details/chatham-lodging-announces-first-quarter-2026-results