Chatham lodging trust says q1 adjusted ffo per share $0.13

Announces first quarter 2020 results.q1 adjusted ffo per share $0.13.qtrly total revenue $60.2 million versus $75.7 million.qtrly revpar declined 21.8 percent to $96, compared to the 2019 first quarter.q1 ffo per share view $0.22 -- refinitiv ibes data.laid off or furloughed almost 70 percent of its employees beginning in mid-march.reduced staffing at low occupancy hotels to absolute minimum levels.reduced its 2020 capital expenditures budget by approximately $10 million or 45 percent.currently has 6 unencumbered hotels available as collateral to source additional liquidity.temporarily reduced compensation for its executive officers and employees.fisher and dennis craven have both volunteered to reduce their salaries by 50 percent.jeremy wegner, chief financial officer, and all other corporate employees have temporarily reduced their salary by 25 percent.board of trustees voluntarily agreed to temporarily reduce their proposed 2020 base compensation by approximately 25 percent.
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