Chatham Lodging Trust Issues Q1 2013 Earnings Guidance In Line With Analysts' Estimates; Issues FY 2013 Mixed Earnings Guidance; Comments On Q1, FY 2013 RevPAR Guidance

Chatham Lodging Trust announced that for the first quarter of 2013, it expects RevPAR to be in the range of $99-$101, RevPAR growth to be in the range of +3-5%, net income (loss) to be in the range of $(1.9)-$(1.7) million, net income (loss) per diluted share (EPS) to be in the range of $(0.11)-$(0.10), adjusted EBITDA to be in the range of $8.8-$9.2 million, adjusted funds from operation (FFO) to be in the range of $3.9-$4.4 million and adjusted FFO per diluted share to be in the range of $0.23-$0.25. For fiscal 2013, it expects RevPAR to be in the range of $110-$111, RevPAR growth to be in the range of +4-5%, net income (loss) to be in the range of $(5.7)-$(6.7) million, Net income (loss) per diluted share (EPS) to be in the range of $(0.33)-$(0.39), adjusted EBITDA to be in the range of $47.0-$48.0 million, adjusted FFO to be in the range of $27.4-$28.4 million and adjusted FFO per diluted share to be in the range of $1.58-$1.64. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $0.61 million, EBITDA of $9.88 million and FFO of $0.30 for the first quarter 2013; net income of $7.42 million, EBITDA of $47.56 million and FFO of $1.57 for fiscal 2013.