Chatham Lodging reports Q4 AFFO 20c, consensus 18c

Reports Q4 revenue $75.11M, consensus $74.65M. Repors Q4 RevPAR $129.2M vs. $124.4M last year. “2024 was a successful year for Chatham, with our top-line performance outperforming the industry and most peers. For the first time in over half a decade, labor expense pressures moderated, enabling us to produce strong gross operating profit margins of 43% and minimize margin erosion to only 70 basis points,” highlighted Jeffrey H. Fisher, Chatham’s president and CEO. “Additionally, we addressed the last massive wave of maturing debt through the successful sale of older assets as well as the issuance of new debt, further solidifying our strong financial position.”