Chatham Lodging Trust (NYSE:CLDT) Q1 2020 Earnings Conference Call May 11, 2020 10:00 AM ET Company Participants Chris Daly - Owner of Daly Gray Jeff Fisher - Chairman, President and CEO Dennis Craven - EVP and COO Jeremy Wegner - SVP and CFO Conference Call Participants Ari Klein - BMO Capital Markets Tyler Batory - Janney Capital Markets Matt Boone - FBR Riley Operator Greetings and welcome to the Chatham Lodging Trust First Quarter 2020 Financial Results Conference Call. At this time, all participants ar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34693 CHATHAM LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 27-1200777 (State or Other J ...

Chatham Lodging Trust (NYSE:CLDT) Q4 2019 Earnings Conference Call February 26, 2020 10:00 AM ET Company Participants Chris Daly - President of Daly Gray Public Relations Jeff Fisher - Chairman, President & Chief Executive Officer Dennis Craven - Executive Vice President & Chief Operating Officer Jeremy Wegner - Senior Vice President & Chief Financial Officer Conference Call Participants Anthony Powell - Barclays Ari Klein - BMO Capital Markets Bryan Maher - B. Riley Tyler Batory - Janney Capital Markets Op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |----------------------------------------------------------------------------|--------------------------------------------------|---------------------- ...

CHATHAM LODGING TRUST COMPANY PRESENTATION November 2019 Safe Harbor Disclosure We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, cash flow and plans and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar exp ...

Chatham Lodging Trust (NYSE:CLDT) Q3 2019 Results Earnings Conference Call October 31, 2019 11:00 AM ET Company Participants Chris Daly - Daly Gray Jeff Fisher - Chairman, President & CEO Dennis Craven - EVP & COO Jeremy Wegner - SVP & CFO Conference Call Participants Ari Klein - BMO Capital Markets Tyler Batory - Janney Capital Markets Anthony Powell - Barclays Bryan Maher - FBR RIley Operator Greetings, and welcome to the Chatham Lodging Trust Third Quarter 2019 Financial Results Conference Call. At thi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34693 CHATHAM LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 27-1200777 (State or Oth ...

Chatham Lodging Trust (NYSE:CLDT) Q2 2019 Earnings Conference Call July 31, 2019 10:00 AM ET Company Participants Chris Daly - IR Jeffrey Fisher - Chairman, President & CEO Dennis Craven - EVP & COO Jeremy Wegner - SVP & CFO Conference Call Participants Anthony Powell - Barclays Bank Bryan Maher - B. Riley FBR, Inc. Tyler Batory - Janney Montgomery Scott Operator Greetings, and welcome to Chatham Lodging Trust's Second Quarter 2019 Financial Results Conference Call. [Operator Instructions]. As a reminder, t ...

Financial Performance - Total revenue for Q2 2019 was $87.874 million, an increase of 2.9% compared to $85.374 million in Q2 2018[14] - Net income attributable to common shareholders for Q2 2019 was $9.437 million, down 29.0% from $13.385 million in Q2 2018[14] - Operating income before loss on sale of hotel property was $19.433 million, slightly up from $19.134 million in the same period last year[14] - Net income for the six months ended June 30, 2019, was $11,153,000, compared to $16,353,000 for the same period in 2018, representing a decrease of approximately 32.5%[26] - Net income for the three months ended June 30, 2019, was $9.5 million, down from $13.5 million for the same period in 2018, reflecting a decrease of 29.6%[151] - Net income decreased to $11.2 million for the six months ended June 30, 2019, down from $16.4 million for the same period in 2018, reflecting a change of approximately 31.4%[182] Revenue Breakdown - Room revenue comprised 91.0% of total revenue for the quarter ended June 30, 2019, amounting to $80.0 million, up from $78.3 million in 2018, reflecting a 2.2% increase[125] - Revenue from the Residence Inn Summerville since acquisition was $1.024 million with an operating income of $409,000, while the Courtyard Dallas Downtown generated $1.990 million in revenue and $606,000 in operating income[46] - Food and beverage revenue increased by $0.3 million to $2.5 million for the quarter ended June 30, 2019, compared to $2.2 million in 2018[126] - Other operating revenue rose by $0.4 million to $3.9 million for the quarter ended June 30, 2019, driven by increases in parking and miscellaneous room income[127] - Room revenue for the six months ended June 30, 2019, was $148.1 million, up 2.4% from $144.5 million in 2018, with a contribution of $5.1 million from two hotels acquired in 2018[157] - Food and beverage revenue increased to $5.0 million for the six months ended June 30, 2019, a rise of 15.1% compared to $4.3 million in 2018[158] - Other operating revenue rose to $7.6 million for the six months ended June 30, 2019, up 15.2% from $6.6 million in 2018[159] Expenses and Losses - Total hotel operating expenses increased to $44.129 million in Q2 2019, compared to $42.967 million in Q2 2018, reflecting a rise of 2.7%[14] - Hotel operating expenses increased by $3.3 million to $86.0 million for the six months ended June 30, 2019, primarily due to the two hotels acquired in 2018[166] - Loss on sale of hotel property increased by $3.3 million for the six months ended June 30, 2019, due to the sale of two hotels in May 2019[175] - Loss on sale of hotel property increased by $3.3 million for the three months ended June 30, 2019, due to the sale of two hotels in Pennsylvania[144] - Depreciation and amortization expense rose by $1.1 million from $11.9 million in Q2 2018 to $13.0 million in Q2 2019, with $0.6 million attributed to the two hotels acquired in 2018[139] Cash and Assets - Cash and cash equivalents increased to $8.847 million as of June 30, 2019, from $7.192 million at the end of 2018[12] - Total assets as of June 30, 2019, were $1.444 billion, a slight increase from $1.439 billion at the end of 2018[12] - The company had cash, cash equivalents, and restricted cash of approximately $26.9 million as of June 30, 2019, down from $32.3 million at the end of 2018[203] Debt and Financing - Mortgage debt decreased to $499.403 million from $501.782 million at the end of 2018, showing a reduction of 0.5%[12] - Total debt outstanding as of June 30, 2019, was $578,403 thousand, a slight decrease from $583,282 thousand as of December 31, 2018[61] - The maximum borrowing availability under the senior unsecured revolving credit facility was $250.0 million as of June 30, 2019[63] - The company had $171.0 million available under its $250.0 million senior unsecured revolving credit facility as of June 30, 2019[203] Dividends and Shareholder Returns - The company declared distributions of $0.33 per common share for both Q2 2019 and Q2 2018[14] - The company declared dividends of $0.66 per share for the six months ended June 30, 2019, totaling $30,814,000, compared to $30,294,000 for the same period in 2018[22] - The Company declared total common share dividends of $0.33 per share for the three months ended June 30, 2019, and $0.66 per share for the six months ended June 30, 2019[72] Joint Ventures and Acquisitions - As of June 30, 2019, the Company wholly owned 40 hotels with a total of 6,092 rooms across 15 states and the District of Columbia[35] - The Company holds a 10.3% noncontrolling interest in a joint venture owning 47 hotels and a 10% interest in another joint venture owning 48 hotels, totaling 12,500 rooms[35] - The Company acquired the Residence Inn Summerville for $20.8 million and the Courtyard Dallas Downtown for $49.0 million in 2018[45] Tax and Regulatory Matters - The Company continues to recognize a full valuation allowance equal to 100% of the gross deferred tax assets due to uncertainty regarding the utilization of these assets[69] - The Company was notified of an ongoing examination by the IRS regarding its tax return for the year ended December 31, 2016, which could materially impact its financial position[70] Legal Matters - The company is involved in two class action lawsuits related to wage and hour law violations, with an estimated exposure of $0.1 million included in accounts payable[102]

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------| | | | | | | | | | | | | | | | | | CHATHAM LODGING TRUST | Safe Harbor Disclosure We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, cash flow and plans and objectives. When we use the words "believe," "expe ...