Key Details
Price
$8.81Last Dividend
$0.07Annual Revenue
$311.11 MAnnual EPS
-$0.11Annual ROE
0.33%Beta
1.29Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 31, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.40 per share a year ago.
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.
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