CHATHAM LODGING TRUST CLDT Income Statement

Chatham lodging trust (CLDT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Total revenue
312,858	328,328	330,677	329,494	326,994	324,230	315,599	309,655	303,924	301,844	302,718	299,498	297,856	295,871	293,843	292,438	286,851	276,950	262,302	244,636	219,299	197,216	178,938	153,646	137,315	126,228	116,171	107,803	103,416	100,464	98,317	94,893	83,436	73,096	59,351	40,431	0	0	0
Expenses:
Hotel operating expenses:
Total hotel operating expenses
168,766	174,251	174,224	173,861	172,699	170,562	167,688	163,001	159,114	155,679	151,778	149,932	148,846	148,777	148,656	146,504	142,835	136,994	129,096	121,215	110,376	100,961	92,530	82,148	74,813	68,596	63,299	59,045	56,755	55,030	54,280	52,771	47,246	42,167	34,009	23,836	0	0	0
Depreciation and amortization
51,794	51,505	50,943	49,983	48,905	48,169	47,550	46,531	46,324	46,292	46,684	47,737	48,304	48,775	49,589	50,151	49,933	48,981	46,901	44,615	39,917	34,710	29,673	24,148	20,809	18,249	15,942	14,593	14,690	14,273	14,185	14,185	13,866	11,971	9,445	6,448	0	0	0
Impairment loss
0	-	-	-	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property taxes, ground rent and insurance
24,650	24,717	24,467	24,131	24,069	23,678	23,080	22,510	21,903	20,916	21,820	21,888	21,329	21,564	21,347	20,279	19,519	18,581	16,599	15,504	14,059	12,624	11,299	10,342	9,578	8,915	8,243	7,864	7,442	7,088	6,772	6,477	5,922	5,321	4,194	2,818	0	0	0
General and administrative
13,328	14,077	13,913	14,076	14,012	14,120	13,937	13,439	13,179	12,825	11,749	11,590	11,275	11,119	12,378	12,178	11,362	11,677	10,824	10,750	10,958	9,852	9,578	8,770	8,470	8,131	8,121	7,887	7,770	7,565	6,923	6,674	6,311	5,802	5,647	5,192	0	0	0
Other charges
4,192	1,441	3,900	3,598	3,837	3,806	780	758	509	523	151	215	498	510	403	977	1,203	1,451	4,412	4,124	9,159	10,381	8,136	9,146	4,646	3,341	2,710	1,389	374	236	4,226	6,306	7,660	7,706	4,748	3,649	0	0	0
Reimbursable costs from unconsolidated real estate entities
5,759	5,670	5,635	5,769	5,695	5,743	3,045	3,912	4,953	5,908	10,660	9,162	7,630	6,190	3,826	3,950	3,949	3,743	3,056	2,544	2,168	1,992	1,990	2,032	1,924	1,635	1,688	1,640	1,600	1,622	1,160	0	0	-	0	-	-	-	-
Total operating expenses
283,771	271,661	273,082	271,418	269,217	266,078	256,080	250,151	252,645	248,806	249,505	247,187	237,882	236,935	236,199	234,039	228,801	221,427	210,888	198,752	186,637	170,520	153,206	136,586	120,240	108,867	100,003	92,418	88,631	85,814	87,546	87,163	81,410	72,967	58,043	41,943	0	0	0
Operating (loss) income before gain on sale of hotel property
29,087	56,667	57,595	58,076	57,777	58,152	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-416	-416	-416	-412	0	0	0	-184	-184	-184	-184	-933	-933	-933	0	-	0	0	-	-	-	-	-	-	-
Gain on sale of hotel property
-3,281	-3,282	-3,296	-3,300	-1	-18	3,309	3,309	3,310	3,327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating (loss) income
25,806	53,385	54,299	54,776	57,776	58,134	62,828	62,813	54,589	56,365	53,213	52,311	59,974	58,936	57,644	58,399	58,050	55,523	51,414	45,884	32,662	26,696	25,732	17,060	17,075	17,361	16,168	15,385	14,785	14,650	10,771	7,730	2,026	129	1,308	-1,512	0	0	0
Interest and other income
216	190	265	566	515	462	355	29	20	30	35	33	42	51	84	108	259	264	244	275	121	108	94	41	140	132	126	170	59	55	58	11	17	22	90	122	0	0	0
Interest expense, including amortization of deferred fees
27,883	28,247	28,250	27,908	27,444	26,878	27,076	27,433	27,539	27,901	27,917	27,934	28,253	28,297	28,439	28,388	28,148	27,924	27,236	26,919	24,429	21,354	17,961	14,022	12,477	11,580	11,771	12,623	13,635	14,641	14,991	14,451	11,264	8,190	4,521	0	0	0	-
Loss from unconsolidated real estate entities
3,898	6,448	-5,021	-1,548	-1,001	876	2,896	1,018	-913	-1,582	-1,403	-1,265	-1,280	-718	-1,213	-1,629	-2,020	-2,411	-185	437	3,770	3,830	1,951	3,470	1,559	1,874	1,589	212	0	-	0	0	-	-	-	-	-	-	-
Loss on sale from unconsolidated real estate entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	0	-	0	-	-	-	-
(Loss) income before income tax expense
-10,859	18,880	21,049	25,642	29,602	30,842	36,597	36,399	27,983	30,076	26,732	25,673	33,033	31,394	33,654	34,900	35,341	33,438	23,656	17,852	70,334	67,186	72,431	66,126	2,995	3,106	814	-298	-1,229	-1,375	-5,216	-7,569	-10,783	-9,036	-3,123	-2,824	0	0	0
Income tax expense
0	0	-28	-28	-28	-28	79	79	79	396	-151	-163	16	-301	128	414	260	260	319	89	102	105	134	120	127	124	89	20	108	75	55	155	34	69	122	0	0	-	0
Net (loss) income
-10,859	18,880	21,077	25,670	29,630	30,870	36,518	36,320	27,904	29,680	26,883	25,836	33,017	31,695	33,526	34,486	35,081	33,178	23,337	17,763	70,232	67,081	74,955	68,299	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to noncontrolling interests
-166	177	197	212	224	229	266	256	191	202	184	174	221	212	226	226	226	212	149	190	216	208	240	108	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to common shareholders
-10,693	18,703	20,880	25,458	29,406	30,641	36,252	36,064	27,713	29,478	26,699	25,662	32,796	31,483	33,300	34,260	34,855	32,966	23,188	17,573	70,016	66,873	72,057	65,898	2,868	2,982	725	-318	-1,337	-1,450	-5,271	-7,724	-10,817	-9,105	-3,198	-2,885	0	0	0
(Loss) income per Common Share - Basic:
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share)
-0.59	-0.05	0.21	0.20	0.03	0.00	0.31	0.29	0.06	0.12	0.36	0.13	0.12	0.06	0.35	0.32	0.09	0.13	0.37	0.33	0.04	-0.39	0.32	2.46	-0.07	0.00	0.11	0.12	-0.10	-0.17	0.10	0.08	-0.13	-0.48	-0.07	-0.14	0.00	-0.03	-0.09
(Loss) income per Common Share - Diluted:
Net income (loss) attributable to common shareholders (Note 11) (in dollars per share)
-0.59	-0.05	0.21	0.20	0.03	0.00	0.31	0.29	0.06	0.12	0.36	0.13	0.12	0.07	0.35	0.31	0.08	0.12	0.37	0.33	0.04	-0.38	0.31	2.44	-0.07	0.01	0.11	0.11	-0.10	-0.17	0.10	0.08	-0.13	-0.48	-0.07	-0.14	0.00	-0.03	-0.09
Weighted average number of common shares outstanding:
Basic (in shares)
46,948	46,924	46,913	46,760	46,556	46,522	46,149	45,867	45,753	43,251	39,298	38,525	38,361	38,315	38,307	38,299	38,274	38,229	38,212	38,211	37,018	34,044	27,370	26,437	26,271	26,275	22,508	18,147	17,212	13,822	13,819	13,810	13,794	13,796	13,766	13,757	11,800	9,125	7,119
Diluted (in shares)
46,948	47,228	47,152	46,976	46,734	46,482	46,384	46,084	46,022	43,574	39,550	38,749	38,573	38,473	38,567	38,477	38,413	38,733	38,614	38,618	37,322	34,684	27,695	26,734	26,271	26,770	22,769	18,383	17,212	13,569	13,966	13,915	13,794	13,796	13,766	13,757	11,800	9,125	7,119
Distributions per common share (in dollars per share)
0.22	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.41	0.33	0.33	0.31	0.38	0.30	0.30	0.30	-	0.24	0.24	0.21	-	0.21	0.21	0.21	-	0.20	0.20	0.17	-	0.17	0.17	-	-	-
Room
Total revenue
281,230	296,267	299,777	299,427	297,731	295,897	291,033	285,797	280,324	278,466	275,322	273,837	273,804	273,345	273,488	272,109	267,039	258,137	245,595	229,720	206,000	184,926	167,210	142,910	127,892	118,169	109,165	101,320	97,218	94,566	92,911	90,234	79,865	70,421	57,435	39,319	0	0	0
Total hotel operating expenses
63,094	65,270	65,348	65,321	64,894	63,877	0	61,120	60,199	59,151	57,902	57,352	56,902	57,209	56,493	54,855	53,036	50,165	47,413	44,655	40,702	37,516	34,477	30,650	27,913	25,709	23,692	22,309	21,535	20,957	20,872	20,063	17,990	16,011	12,790	9,207	0	0	0
Food and beverage
Total revenue
9,460	9,824	9,694	9,532	9,209	8,880	8,486	7,590	6,851	6,255	5,846	5,962	6,215	6,221	6,397	6,248	5,877	5,536	4,752	4,073	3,303	2,764	2,473	2,175	1,789	1,311	793	497	0	-	0	0	-	-	-	-	-	-	-
Total hotel operating expenses
8,276	8,396	8,225	7,962	7,581	7,312	0	6,357	5,830	5,342	4,996	4,969	5,002	4,928	4,968	4,730	4,458	4,127	3,443	2,888	2,347	1,966	1,824	1,526	1,276	944	592	490	0	-	0	0	-	-	-	-	-	-	-
Other
Total revenue
16,409	16,567	15,571	14,766	14,359	13,710	13,035	12,356	11,796	11,215	10,890	10,537	10,207	10,115	10,132	10,131	9,986	9,534	8,899	8,299	7,828	7,534	7,265	6,529	5,710	5,113	4,496	4,313	4,195	4,023	3,917	3,656	2,985	2,494	1,916	1,112	0	0	0
Reimbursable costs from unconsolidated real estate entities
Total revenue
5,759	5,670	5,635	5,769	5,695	5,743	3,045	3,912	4,953	5,908	10,660	9,162	7,630	6,190	3,826	3,950	3,949	3,743	3,056	2,544	2,168	1,992	1,990	2,032	1,924	1,635	1,688	1,640	1,600	1,622	1,160	0	0	-	0	-	-	-	-
Telephone
Total hotel operating expenses
1,583	1,638	1,702	1,735	1,740	1,766	0	1,725	1,697	1,647	1,618	1,657	1,700	1,712	1,771	1,734	1,720	1,708	1,613	1,557	1,426	1,304	1,184	1,064	995	899	847	784	0	-	0	0	-	-	-	-	-	-	-
Other hotel operating
Total hotel operating expenses
3,910	4,039	3,933	3,689	3,514	3,296	0	3,094	3,008	2,886	2,614	2,440	2,368	2,358	2,431	2,506	2,529	2,467	2,323	2,294	2,140	2,056	1,983	1,804	1,675	1,580	-6,183	-6,159	-6,158	1,508	-8,410	-679	4,060	960	21,219	14,629	0	0	0
General and administrative
Total hotel operating expenses
24,752	25,641	25,363	25,492	25,701	25,567	0	24,827	24,018	23,639	22,959	22,705	22,431	22,274	22,548	22,326	21,956	21,101	19,955	18,964	17,481	16,265	14,824	13,544	12,377	11,529	10,735	9,924	0	-	0	0	-	-	-	-	-	-	-
Franchise and marketing fees
Total hotel operating expenses
24,638	25,850	25,963	25,680	25,271	24,864	0	23,956	23,470	23,247	22,877	22,668	22,527	22,412	22,386	22,321	21,933	21,240	20,167	18,769	16,811	15,110	13,676	11,645	10,286	9,394	8,820	8,138	0	-	0	0	-	-	-	-	-	-	-
Advertising and promotions
Total hotel operating expenses
6,020	6,043	6,051	6,195	6,195	6,227	0	5,829	5,614	5,380	5,202	5,052	5,126	5,147	5,203	5,324	5,172	5,040	4,663	4,398	4,065	3,676	3,485	3,164	2,956	2,782	2,616	2,438	0	-	0	0	-	-	-	-	-	-	-
Utilities
Total hotel operating expenses
10,633	10,867	10,934	10,965	10,886	10,835	0	10,367	10,273	9,944	9,674	9,650	9,533	9,545	9,606	9,655	9,520	9,464	9,178	8,593	7,975	7,269	6,531	5,875	5,510	4,955	4,884	4,328	0	-	0	0	-	-	-	-	-	-	-
Repairs and maintenance
Total hotel operating expenses
14,172	14,321	14,345	14,491	14,697	14,710	0	14,147	13,689	13,317	12,899	12,516	12,495	12,444	12,601	12,404	12,102	11,722	10,850	10,326	9,527	8,705	8,018	7,365	6,864	6,310	5,927	5,483	0	-	0	0	-	-	-	-	-	-	-
Management fees
Total hotel operating expenses
10,302	10,822	10,981	10,946	10,861	10,754	0	10,307	10,088	9,898	9,746	9,611	9,407	9,389	9,312	9,342	9,155	8,742	8,324	7,619	6,818	6,096	5,620	4,684	4,175	3,752	3,212	2,957	0	-	0	0	-	-	-	-	-	-	-
Insurance
Total hotel operating expenses
1,386	1,364	1,379	1,385	1,359	1,354	0	1,272	1,228	1,228	1,291	1,312	1,355	1,359	1,337	1,307	1,254	1,218	1,167	1,152	1,084	998	908	827	786	742	645	601	0	-	0	0	-	-	-	-	-	-	-