Chatham Lodging TrustNYSE: CLDT

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.

Chatham Lodging reported FFO of $0.16 per share for the quarter, exceeding the Zacks Consensus Estimate of $0.13 per share. This is the same FFO reported in the previous year.

While the top- and bottom-line numbers for Chatham Lodging (CLDT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.19 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.20 per share a year ago.