Profile
Sector:
Real EstateIndustry:
Hotel & MotelCountry:
United StatesIPO:
16 April 2010Next earnings report:
07 November 2024Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:41:04 GMTAnalysts recommendations
Institutional Ownership
CLDT Latest News
Chatham Lodging Trust is a lodging REIT focused on extended stay and limited-service hotels, primarily in the Sun Belt region. The company has underperformed the Vanguard Real Estate Index Fund ETF so far in 2024, resulting in a depressed forward AFFO multiple of 7.2x. Over the near term, the company will benefit from Fed easing thanks to its ~57.5% proportion of floating rate debt.
The headline numbers for Chatham Lodging (CLDT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.43 per share a year ago.
Reaching for higher yield doesn't always have to mean taking on too much risk. In this article, I highlight 2 picks with strong fundamentals and balance sheets. Chatham Lodging Trust Preferred Stock and Capital Southwest offer attractive yields above 8% and upside potential.
Chatham Lodging Trust's financial performance for preferred shareholders remains robust, with a strong preferred dividend coverage ratio. The REIT's balance sheet shows low net debt compared to real estate assets, providing a substantial cushion for preferred equity. Series A preferred shares offer an attractive current yield of approximately 8.1%, making them an appealing income-focused investment in the current interest rate climate.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Declares Quarterly Common, Preferred Dividend.
Chatham Lodging Trust is a lodging REIT focused on extended-stay accommodations and select-service hotels. The company's April/May Q2 2024 business update shows it will likely easily beat its initial guidance. Net debt accounts for 45% of enterprise value, with preferred shares contributing 12% to the capital structure.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Provides Business Update.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Acquires Home2 Suites Phoenix Downtown.
While the revenue and EPS figures for Chatham Lodging (CLDT) provide insight into its performance in the first quarter of 2024, it is important to also examine how certain key metrics stack up against Wall Street expectations and the results from the same period last year.
What type of business is Chatham Lodging Trust?
Chatham Lodging Trust is a public real estate investment trust based in Maryland, USA. The company was founded in 2009 and is headquartered in West Palm Beach, Florida, USA. Chatham Lodging Trust focuses on investing in upscale extended stay hotels and premium hotel properties, managing hotels through franchising. The company has interests in 134 hotels in 25 of the largest states in the USA, and Chatham Lodging is also a minority investor in two joint ventures that own 94 hotels. A significant portion of the hotels are branded under Marriott, Hilton, Hampton, and Hyatt House. The company focuses on acquiring hotel properties at below market prices, in regions with high demand sources, unqualified management, or insufficient capitalization.
What sector is Chatham Lodging Trust in?
Chatham Lodging Trust is in the Real Estate sector
What industry is Chatham Lodging Trust in?
Chatham Lodging Trust is in the Hotel & Motel industry
What country is Chatham Lodging Trust from?
Chatham Lodging Trust is headquartered in United States
When did Chatham Lodging Trust go public?
Chatham Lodging Trust initial public offering (IPO) was on 16 April 2010
What is Chatham Lodging Trust website?
https://www.chathamlodgingtrust.com
Is Chatham Lodging Trust in the S&P 500?
No, Chatham Lodging Trust is not included in the S&P 500 index
Is Chatham Lodging Trust in the NASDAQ 100?
No, Chatham Lodging Trust is not included in the NASDAQ 100 index
Is Chatham Lodging Trust in the Dow Jones?
No, Chatham Lodging Trust is not included in the Dow Jones index
When was Chatham Lodging Trust the previous earnings report?
No data
When does Chatham Lodging Trust earnings report?
The next expected earnings date for Chatham Lodging Trust is 07 November 2024