Chatham Lodging Trust (CLDT) 2012年年度报告「NYSE」.pdf

1、2012 Annual ReportChatham Lodging Trust 2012 Annual ReportHo t e l Lo ca t i ons2012 Chairmans LetterIn 2012,Chatham Lodging Trust achieved significant success with strong operating performance,enhancedby disciplined capital allocations and obtaining more attractive financing.We further delivered on

2、 our vision tobuild the leading lodging real estate investment trust(REIT)focused on premium-branded,upscale,extended-stay and select-service hotels.Chatham realized numerous noteworthy accomplishments during 2012,including:Produced superior operating performance,among the best in the lodging REIT s

3、ector,encompassingsuch key metrics as revenue per available room(“RevPAR”)growth;earnings before interest,taxes,depreciation and amortization(“EBITDA”)margin and margin growth;operating flow-through andadjusted funds from operation(“FFO”)per share.Amended our senior secured revolving credit facility

4、 that reduced borrowing costs by approximately250 basis points and extended the maturity to 2016.Returned to shareholders dividends of approximately$0.78 per share on adjusted FFO per share of$1.30;instituted a monthly dividend payment program and increased the dividend by nearly 8 percentto$0.84 pe

5、r share on an annualized basis for 2013.Resumed our acquisition strategy with the purchase of a hotel in late 2012,maintaining disciplinewhile our share price rebounded and allowed us to raise equity in early 2013 and make accretiveacquisitions.We have a significant pipeline of targeted acquisitions

6、 and look at 2013 as a year ofsubstantial growth for us.Operating PerformanceOur operating performance in 2012 was strong across our wholly-owned portfolio of 2,414 rooms withinternal growth generating excellent results and returns.RevPAR grew 8 percent,well above industryperformance,adjusted EBITDA