News Release
View printer-friendly version << Back
Chatham Lodging Updates Third Quarter Operating Outlook
Sets Earnings Conference Call for
Previous Q3 2016 | Current Q3 2016 | |||
Outlook as of 8/3/2016 | Outlook as of 10/10/2016 | |||
2016 |
2016 |
|||
Net income |
$13.4-$14.9 M |
$12.8-$13.3 M |
||
Net income per diluted share |
$0.35-$0.38 |
$0.33-$0.34 |
||
RevPAR Growth |
-1.0 to +1.0% |
-2.1% |
||
Adjusted EBITDA |
$38.0-$39.5 M |
$37.0-$37.5 M |
||
Adjusted FFO per Share |
$0.72-$0.75 |
$0.70-$0.71 |
||
“We faced tough comparisons over a very strong 2015 third quarter when
our occupancy reached an all-time high of 88 percent for our owned
portfolio,” noted
The company also announced that it will report third quarter 2016
financial results on
Shareholders and other interested parties may listen to a simultaneous
webcast of the conference call on the Internet by logging onto Chatham’s
Web site, http://chathamlodgingtrust.com/,
or www.streetevents.com,
or may participate in the conference call by dialing 1-877-407-0789 and
referencing
About
Forward-Looking Statement Safe Harbor
Note: This press release contains forward-looking statements within
the meaning of federal securities regulations. These forward-looking
statements are identified by their use of terms and phrases such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"should," "plan," "predict," "project," "will," "continue" and other
similar terms and phrases, including references to assumption and
forecasts of future results. Forward-looking statements are not
guarantees of future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results to
differ materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to:
national and local economic and business conditions, including the
effect on travel of potential terrorist attacks, that will affect
occupancy rates at the company’s hotels and the demand for hotel
products and services; operating risks associated with the hotel
business; risks associated with the level of the company’s indebtedness
and its ability to meet covenants in its debt agreements; relationships
with property managers; the company’s ability to maintain its properties
in a first-class manner, including meeting capital expenditure
requirements; the company’s ability to compete effectively in areas such
as access, location, quality of accommodations and room rate structures;
changes in travel patterns, taxes and government regulations which
influence or determine wages, prices, construction procedures and costs;
the company’s ability to complete acquisitions and dispositions; and the
company’s ability to continue to satisfy complex rules in order for the
company to remain a REIT for federal income tax purposes and other risks
and uncertainties associated with the company’s business described in
the company's filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20161010006164/en/
Source:
Daly Gray Public Relations
(Media)
Chris Daly, 703-435-6293
chris@dalygray.com
or
Chatham
Lodging Trust
(Company)
Dennis Craven, 561-227-1386
Chief
Operating Officer
dcraven@cl-trust.com