Chatham lodging trust (CLDT)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Investment in hotel properties, net

1,339,778

1,347,116

1,352,891

1,347,891

1,372,077

1,373,773

1,328,560

1,308,571

1,314,504

1,320,082

1,263,183

1,215,677

1,226,264

1,233,094

1,240,155

1,247,305

1,251,143

1,258,452

1,265,038

1,172,798

1,180,031

1,096,425

994,848

970,954

650,428

652,877

543,709

501,038

460,545

426,074

396,666

399,732

402,633

402,815

402,631

210,543

208,080

Investment in hotel properties under development

26,693

20,496

15,174

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

57,972

6,620

10,257

8,847

11,199

7,192

10,270

8,077

13,403

9,333

11,282

12,794

12,769

12,118

13,466

15,308

12,479

21,036

16,057

18,075

16,798

15,077

67,056

11,935

5,821

4,221

60,401

18,690

5,145

4,496

5,744

8,523

8,842

4,680

8,150

14,971

4,768

Restricted cash

11,599

13,562

16,137

18,065

21,342

25,145

28,383

27,881

25,398

27,166

27,693

25,025

24,116

25,083

24,933

22,508

21,420

19,273

16,519

18,545

14,684

12,030

15,301

8,060

5,286

4,605

5,062

2,686

2,268

2,949

2,598

2,872

3,669

5,299

7,841

15,637

3,018

Investment in unconsolidated real estate entities

0

17,969

19,506

20,915

20,857

21,545

22,542

22,776

23,491

24,389

25,448

25,345

20,120

20,424

20,944

21,853

23,113

23,618

24,936

25,602

26,604

28,152

3,692

3,321

764

774

515

13,383

12,731

13,362

15,052

16,931

22,343

36,003

-

-

0

Right of use asset, net

21,115

21,270

21,424

21,576

22,936

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel receivables (net of allowance for doubtful accounts of $340 and $451, respectively)

2,801

4,626

9,456

7,475

5,221

4,495

6,418

6,976

5,293

4,047

7,691

7,277

6,694

4,389

7,251

6,281

7,316

4,433

7,159

5,030

5,186

3,601

4,203

3,803

2,205

2,455

2,249

2,302

1,983

2,098

1,866

1,782

2,003

2,057

2,144

1,351

891

Deferred costs, net

4,094

4,271

4,478

4,672

4,917

5,070

5,126

5,351

5,486

4,646

4,882

4,263

4,455

4,642

4,857

5,072

5,172

5,365

7,166

7,547

7,461

7,514

7,202

6,840

6,763

7,113

5,647

5,463

5,299

6,312

5,186

5,709

6,085

6,350

6,844

4,546

4,710

Prepaid expenses and other assets

6,011

2,615

4,119

4,482

5,504

2,431

3,757

4,439

5,555

2,523

4,350

5,103

5,200

2,778

4,248

5,437

6,519

5,052

4,998

3,665

3,852

2,300

2,870

2,760

3,091

1,879

2,387

2,485

2,434

1,930

3,298

1,898

1,814

1,502

2,152

1,794

735

Deferred tax asset, net

29

29

58

58

58

58

30

30

30

30

0

0

0

426

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,470,092

1,438,574

1,453,500

1,444,757

1,464,111

1,439,709

1,405,086

1,384,101

1,393,160

1,392,216

1,344,529

1,295,484

1,299,618

1,302,954

1,315,854

1,323,764

1,327,162

1,337,229

1,341,873

1,251,262

1,254,616

1,165,099

1,095,172

1,007,673

674,358

673,924

619,970

546,047

490,405

457,221

430,410

437,447

447,389

458,706

429,762

248,842

222,202

Liabilities and Equity:
Mortgage debt, net

493,265

495,465

497,640

499,403

500,568

501,782

502,950

504,072

505,179

506,316

527,144

528,077

529,367

530,323

531,235

532,105

532,923

539,623

543,167

521,379

522,151

527,721

473,904

444,535

223,158

222,063

175,208

175,842

132,120

159,746

160,213

160,588

222,990

161,440

192,946

12,174

50,133

Revolving credit facility

173,000

90,000

86,000

79,000

97,000

81,500

30,000

27,000

34,000

32,000

75,000

45,000

56,500

52,500

53,000

66,280

70,580

65,580

60,000

0

5,000

22,500

0

98,000

55,000

50,000

48,500

30,500

96,500

79,500

-48,500

-53,500

-

67,500

-

-

-

Accounts payable and accrued expenses

25,285

33,012

36,263

29,843

30,184

33,692

36,358

31,358

31,775

31,692

32,763

27,823

28,680

27,782

30,597

26,389

25,927

25,100

26,642

22,332

21,952

20,042

17,818

13,992

12,944

12,799

11,885

10,089

8,695

8,488

7,434

8,195

8,347

10,184

8,893

5,645

5,248

Distributions and losses in excess of investments in unconsolidated real estate entities

16,200

15,214

11,722

10,097

10,086

9,650

8,022

7,562

7,458

6,582

5,975

5,780

5,800

6,017

5,293

4,712

3,667

2,703

1,420

306

-

0

0

0

2,331

1,576

-

-

-

0

-

-

-

-

-

-

-

Lease liability, net

23,603

23,717

23,822

23,922

25,623

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable

469

6,142

6,018

5,895

5,733

5,700

5,578

5,431

5,950

5,800

5,217

5,035

4,831

4,742

4,746

4,658

4,571

7,221

4,041

3,968

3,926

2,884

2,850

2,260

1,934

1,950

1,900

1,657

1,284

2,875

2,864

2,853

2,488

2,464

2,464

2,464

1,657

Total liabilities

731,822

663,550

661,465

648,160

669,194

632,291

582,908

575,423

584,362

582,436

646,099

611,715

625,178

621,364

624,871

634,144

637,668

640,227

635,270

547,985

553,029

573,147

494,572

558,787

295,367

288,388

237,493

218,088

238,599

250,609

219,011

225,136

233,825

241,588

204,303

20,283

57,038

Commitments and contingencies (Note 13)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity:
Shareholders’ Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized and unissued at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common shares, $0.01 par value, 500,000,000 shares authorized; 46,960,389 and 46,928,445 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

469

469

469

469

466

465

465

459

459

450

395

388

380

380

380

380

380

379

379

379

379

339

337

266

261

261

256

223

174

137

137

137

137

137

137

138

91

Additional paid-in capital

905,936

904,273

904,160

904,069

897,161

896,286

896,156

882,752

882,586

871,730

752,148

739,476

722,844

722,019

721,633

721,171

720,753

719,773

719,322

718,905

718,696

599,318

594,528

445,427

434,505

433,900

425,331

368,540

290,689

240,355

240,118

239,880

239,643

239,173

239,051

238,928

169,089

Retained earnings (distributions in excess of retained earnings)

-180,479

-142,365

-124,531

-119,049

-113,039

-99,285

-83,758

-83,079

-81,311

-69,018

-60,097

-61,474

-53,730

-45,657

-35,724

-36,399

-35,889

-27,281

-17,183

-19,970

-21,221

-11,120

2,389

729

-58,084

-50,792

-45,138

-42,698

-40,809

-35,491

-30,323

-29,029

-27,394

-23,220

-14,606

-11,233

-4,441

Total shareholders’ equity

725,926

762,377

780,098

785,489

784,588

797,466

812,863

800,132

801,734

803,162

692,446

678,390

669,494

676,742

686,289

685,152

685,244

692,871

702,518

699,314

697,854

588,537

597,254

446,422

376,682

383,369

380,449

326,065

250,054

205,001

209,932

210,988

212,386

216,090

224,582

227,833

164,739

Noncontrolling Interests:
Noncontrolling interest in Operating Partnership

12,344

12,647

11,937

11,108

10,329

9,952

9,315

8,546

7,064

6,618

5,984

5,379

4,946

4,848

4,694

4,468

4,250

4,131

4,085

3,963

3,733

3,415

3,346

2,464

2,309

2,167

2,028

1,894

1,752

1,611

1,467

1,323

1,178

1,028

877

726

425

Total equity

738,270

775,024

792,035

796,597

794,917

807,418

822,178

808,678

808,798

809,780

698,430

683,769

674,440

681,590

690,983

689,620

689,494

697,002

706,603

703,277

701,587

591,952

600,600

448,886

378,991

385,536

382,477

327,959

251,806

206,612

211,399

212,311

213,564

217,118

225,459

228,559

165,164

Total liabilities and equity

1,470,092

1,438,574

1,453,500

1,444,757

1,464,111

1,439,709

1,405,086

1,384,101

1,393,160

1,392,216

1,344,529

1,295,484

1,299,618

1,302,954

1,315,854

1,323,764

1,327,162

1,337,229

1,341,873

1,251,262

1,254,616

1,165,099

1,095,172

1,007,673

674,358

673,924

619,970

546,047

490,405

457,221

430,410

437,447

447,389

458,706

429,762

248,842

222,202