Chatham Lodging Trust (CLDT) Q4 2025 Earnings
How Did CLDT Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −8.52%.
Did CLDT Beat Earnings? Q4 2025 Results
Yes. Chatham Lodging Trust reported Q4 2025 earnings of $0.05 a share on Feb 25, 2026, beating the $-0.14 consensus estimate by 135.7%. Revenue was $67.7M against a $67.2M estimate.
Chatham Lodging Trust delivered a sharply positive Q4 2025 earnings surprise, posting adjusted EPS of $0.05 against a consensus estimate of -$0.14, a beat of 135.71%, while revenue of $67.74 million edged past the $67.22 million estimate despite falling 9.8% year over year. The most material driver of the upside was a combination of disciplined cost management and the financial impact of strategic asset sales, including a $6.86 million gain on hotel dispositions and meaningfully lower interest expense of $6.15 million versus $7.59 million a year ago, which helped swing the company to net income of $2.60 million from a loss of $3.70 million in Q4 2024. Portfolio RevPAR slipped 1.8% to $131, weighed down by an 11% decline in Washington D.C. and key convention markets, though Hotel EBITDA margins still expanded 70 basis points to 33.2%. Looking ahead, the company guided 2026 Adjusted FFO per diluted share of $1.04 to $1.14, and has since moved to reinvest disposition proceeds, acquiring six Hilton-branded extended-stay hotels for $92 million while raising its quarterly common dividend 11%.
- Intense asset management enabled flat year-over-year margins despite declining RevPAR
- Labor and benefit expense declines across all departments on a per occupied room basis
- Property tax decline of $0.8 million aided margins by 100 basis points
- Greater New York and Seattle RevPAR growth of 5% and 14% from strengthening corporate demand
- Hotel EBITDA margin expanded 70 basis points to 33.2% despite lower RevPAR
- Extended-stay hotels generated approximately 66% of hotel EBITDA
“We accomplished much during 2025. Operationally, we produced solid results despite very volatile conditions, and our intense asset management enabled us to hold margins essentially flat year-over-year. In fact, for the first time since the pandemic, we generated the highest operating margins in the industry, reclaiming our spot atop the rankings, a position we held from essentially 2010 to 2019. Strategically, we sold four of our older hotels at a very attractive cap rate, using a portion of the proceeds to lower debt and to acquire shares under our newly implemented repurchase plan.”
Chatham Lodging Trust CEO, on the earnings call
What Was Chatham Lodging Trust's Outlook in Q4 2025?
For 2026, Chatham guides RevPAR of $142-$145 (growth of -0.5% to 1.5%), total hotel revenue of $284M-$290M, net loss to common shareholders of $(13.0)M to $(8.0)M or $(0.27) to $(0.16) per diluted share, Adjusted EBITDA of $84M-$89M, and Adjusted FFO per diluted share of $1.04-$1.14. Hotel EBITDA margins are expected at 33.5%-34.5%. Guidance assumes planned renovations at three hotels in Q4 2026, floating rate debt based on the SOFR forward curve, $2.1M EBITDA impact from 2025 hotel sales, and no additional acquisitions, dispositions, or equity/debt issuance. Management characterizes the near-term outlook as conservative given recent industry volatility but is positive on the long-term industry outlook, citing projected GDP growth and demand growth expected to outpace muted supply growth.
CLDT YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $67.7M | $75.1M | −9.8% |
| Operating Income | $10.8M | $5.6M | +90.9% |
| Net Income | $4.7M | $989,995 | +375.8% |
Figures from SEC filings and company reports. Not investment advice.