Chatham Lodging Trust (CLDT) Investor Presentation summary

Business performance highlights

• RevPAR growth of 2.8% in FY '24 and 0.2% YTD Q3 '25, outperforming industry and peers for three consecutive years.

• Hotel EBITDA margin of 35.5% is the highest among lodging REITs.

• Portfolio quality enhanced through capital recycling, with six hotels sold for $101 million and a new acquisition in Phoenix at a 9% cap rate.

• Limited supply growth in core markets, with a weighted average of 0.5%.

• Current share price and valuation offer meaningful upside potential.

Financial strength and capital management

• Net debt reduced by $445 million since 3/31/20, reflecting a 48% decrease.

• Net debt/LTM EBITDA stands at 1.2x, indicating low leverage and capacity for growth.

• $313 million in liquidity as of 9/30/25, with extended debt maturities after a recent credit facility refinancing.

• Enterprise value of $794 million and implied cap rate of 10% on LTM corporate NOI.

• Share repurchases and acquisitions are accretive to FFO/share.

Portfolio and market positioning

• Portfolio concentrated in high-quality, attractive markets such as Silicon Valley, Los Angeles, Greater New York, and Phoenix.

• 66% of LTM EBITDA generated by extended stay hotels, with Residence Inn as the largest brand.

• Highest RevPAR among limited-service focused lodging REITs.

• Largest concentration of extended stay rooms among lodging REITs at 59%.

• High quality assets in top markets with significant upside as business travel recovers.