Chatham Lodging Trust ( (CLDT) ) has released its Q2 earnings. Here is a breakdown of the information Chatham Lodging Trust presented to its investors.
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Chatham Lodging Trust is a real estate investment trust (REIT) specializing in upscale, extended-stay hotels and premium-branded, select-service hotels across the United States. The company owns 34 hotels with a total of 5,166 rooms/suites in 15 states and the District of Columbia.
In its second quarter of 2025 earnings report, Chatham Lodging Trust reported a slight decline in key financial metrics compared to the previous year. The company’s portfolio revenue per available room (RevPAR) decreased by less than 1% to $155, while net income applicable to common shareholders fell to $3 million from $5 million in the same quarter of 2024. Despite these declines, the company maintained strong occupancy rates and average daily rates.
Key financial highlights include a 3% increase in RevPAR for the company’s Silicon Valley hotels and a 5% RevPAR growth in San Diego. However, the overall adjusted EBITDA declined by $2 million to $29 million, primarily due to the impact of hotel sales. The company also completed the sale of five low-performing hotels for $23 million, contributing to a reduction in its leverage ratio to 21%.
Looking ahead, Chatham Lodging Trust remains optimistic about its future performance, with expectations of improving business travel demand in the coming months. The company plans to continue its share repurchase program and pursue opportunities for acquisitions and developments to enhance shareholder value.