CorePoint Lodging Reports First Quarter 2020 Results
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CorePoint Lodging (CPLG) Tops Q1 EPS by 37c; Dividend Remains Suspended for FY20
May 20, 2020 4:24 PM EDTCorePoint Lodging (NYSE: CPLG) reported Q1 EPS of ($0.37), $0.37 better than the analyst estimate of ($0.74). Revenue for the quarter came in at $146 million versus the consensus estimate of $146.9 million.
First Quarter 2020 and Subsequent Highlights
Net loss of $21 million, or $0.37 loss per fully diluted shareComparable RevPAR of $48.20, a decrease of 22.8% from the same period in 2019 with 474 basis points of RevPAR Index market share declineAdjusted EBITDAre of $10 millionAdjusted FFO attributable to common stockholders of $4 million, or $0.07 per fully diluted shareIn mid-March, the Company began taking aggressive steps at the... More