Earnings Call Summary | Chatham Lodging Trust(CLDT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Chatham Lodging Trust(CLDT.US) Q1 2024 Earnings Conference
The following is a summary of the Chatham Lodging Trust (CLDT) Q1 2024 Earnings Call Transcript:
以下是查塔姆寄宿信託基金（CLDT）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Chatham Lodging Trust reported a 2% increase in revenue per available room (RevPAR) and nearly 20% growth in other operating profit lines.
Free cash flow generated in Q1 2024 was $8.3 million, marking a 10% increase compared to the same period last year.
The company sold Hilton Garden in Denver Tech for $18 million with plans to reinvest in higher-growth hotels.
Their financial stability was enhanced by a $50 million increase in borrowings under their term loan.
Q1 2023 Hotel EBITDA was at $21 million, adjusted EBITDA was $18.9 million, and adjusted FFO per share was $0.16.
查塔姆住宿信託基金報告稱，每間可用客房的收入（RevPAR）增長了2％，其他營業利潤額增長了近20％。
2024年第一季度產生的自由現金流爲830萬美元，與去年同期相比增長了10％。
該公司以1800萬美元的價格出售了位於丹佛科技大學的希爾頓花園，並計劃對增長較快的酒店進行再投資。
定期貸款下的借款增加了5000萬美元，從而增強了他們的財務穩定性。
2023年第一季度酒店息稅折舊攤銷前利潤爲2100萬美元，調整後的息稅折舊攤銷前利潤爲1,890萬美元，調整後的每股FFO爲0.16美元。
Business Progress:
業務進展：
The company has achieved growth through increased parking rates, improved retail market operation product offerings, and pricing in select markets.
The firm is strategic in its sale of assets, aiming to redeploy proceeds into higher growth hotels and markets, with a target of sales proceeds between $40 million - $100 million.
Anticipating more acquisition opportunities in 2024 and 2025, the company also repaid a $29 million maturing mortgage in April and plans further repayments.
They have pledged to continue outperforming their peers through internal growth, strategic balance sheet management, and business strategy.
Chatham Lodging Trust is looking forward to recycling capital over the next 6 to 18 months, focusing on acquisitions in markets with strong population and business growth.
The company expects a healthy quarter driven largely by the business travel segment and encouraging trends in April across various portfolios.
該公司通過提高停車費率、改善零售市場運營、產品供應和特定市場的定價來實現增長。
該公司在出售資產方面具有戰略意義，目標是將收益重新部署到增長更高的酒店和市場，目標銷售收益在4000萬至1億美元之間。
預計2024年和2025年將有更多收購機會，該公司還在4月償還了2900萬美元的到期抵押貸款，並計劃進一步還款。
他們承諾通過內部增長、戰略資產負債表管理和業務戰略繼續超越同行。
Chatham Lodging Trust期待在未來6至18個月內回收資本，重點在人口和業務增長強勁的市場進行收購。
該公司預計，一個健康的季度將在很大程度上受到商務旅行板塊的推動，以及4月份各個投資組合的令人鼓舞的趨勢。
More details: Chatham Lodging Trust IR
更多詳情： 查塔姆寄宿信託基金IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。