Chesapeake Lodging Trust Issues Q1 AFFO Guidance, Net Income Guidance Below Analysts' Estimates; Issues FY 2013 Earnings Guidance Below Analysts' Estimates; Comments On Q1, FY 2013 RevPAR Guidance

Chesapeake Lodging Trust announced that for fiscal 2013, it expects pro forma RevPAR to increase in the range of 5.0% to 7.0% over fiscal 2012; net income (loss) available to common shareholders to range from $32.7-$36.4 million, adjusted Hotel EBITDA in the range of $120.3-124.3 million and AFFO per diluted share to range from $1.56-$1.64. For the first quarter of 2013, it expects pro forma RevPAR to increase in the range of 3.5% to 4.5%; net income (loss) available to common shareholders to range from $(5.9)-$(5.2) million, adjusted Hotel EBITDA in the range of $14.5-15.0 million and AFFO per diluted share to range from $0.12-$0.14. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of $37.5 million and AFFO per share of $1.71 for fiscal 2013; net income of $(1.58) million and AFFO per share of $0.14 for the first quarter of 2013.