XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Reimbursable costs from related parties $ 1,078 $ 1,105 $ 1,283
Total revenue 295,075 317,209 311,109
Expenses:      
Depreciation and amortization 59,749 60,741 58,254
Impairment loss 0 4,256 4,266
Property taxes, ground rent and insurance 21,952 23,709 23,507
General and administrative 16,589 18,388 17,517
Other charges 27 327 2,300
Reimbursable costs from related parties 1,078 1,105 1,283
Total operating expenses 268,568 289,702 282,513
Operating income before gain on sale of hotel properties 26,507 27,507 28,596
Gain on sale of hotel properties 14,369 5,713 18
Operating income 40,876 33,220 28,614
Interest and other income 270 1,712 1,534
Interest expense, including amortization of deferred fees (25,659) (30,880) (27,128)
Loss on early extinguishment of debt (174) (17) (696)
Gain from partial lease termination 0 0 164
Income before income tax expense 15,313 4,035 2,488
Income tax expense 0 0 0
Net income 15,313 4,035 2,488
Net (income) loss attributable to non-controlling interest (260) 131 156
Net income attributable to Chatham Lodging Trust 15,053 4,166 2,644
Preferred dividends (7,950) (7,950) (7,950)
Net income (loss) attributable to common shareholders $ 7,103 $ (3,784) $ (5,306)
Income (loss) per common share - basic:      
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) $ 0.14 $ (0.08) $ (0.11)
Income (loss) per common share - diluted:      
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) $ 0.14 $ (0.08) $ (0.11)
Weighted average number of common shares outstanding:      
Basic (in shares) 48,793,017 48,900,997 48,847,386
Diluted (in shares) 49,992,069 48,900,997 48,847,386
Dividends declared (in dollars per share) $ 0.36 $ 0.28 $ 0.28
Occupancy [Member]      
Revenue:      
Revenue $ 269,206 $ 290,290 $ 284,999
Food and Beverage [Member]      
Revenue:      
Revenue 6,894 7,737 8,124
Hotel, Other [Member]      
Revenue:      
Revenue 17,897 18,077 16,703
Hotel [Member]      
Expenses:      
Room 59,752 65,311 61,794
Food and beverage 5,517 6,218 6,352
Telephone 1,172 1,360 1,439
Other hotel operating 4,487 4,127 3,712
General and administrative 27,010 28,826 28,884
Franchise and marketing fees 23,620 25,355 24,897
Advertising and promotions 6,804 6,229 6,085
Utilities 12,372 13,161 13,007
Repairs and maintenance 15,272 16,516 15,837
Management fees paid to related parties 9,895 10,733 10,557
Insurance 3,272 3,340 2,822
Total hotel operating expenses $ 169,173 $ 181,176 $ 175,386