Welcome to our dedicated page for Chatham Lodging news (Ticker: CLDT), a resource for investors and traders seeking the latest updates and insights on Chatham Lodging stock.
Chatham Lodging Trust (CLDT) is a publicly traded real estate investment trust (REIT) based in the United States, specializing in owning upscale extended-stay hotels. Chatham's portfolio spans across key states such as California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania, among others. The firm's mission is to strategically invest in high-quality extended-stay hotels that promise superior returns.
All of Chatham's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. This partnership, along with its subsidiaries, is responsible for leasing and managing the entire portfolio of hotels under the Chatham banner. The company operates through a single segment due to the uniform economic characteristics of its properties.
Chatham Lodging Trust generates revenue from three primary streams: Room, Food and Beverage, and Other. The majority of the revenue comes from Room charges, which cover the cost of lodging. Their properties operate under prominent and trusted brands such as Hilton, Marriott, and Hyatt, ensuring a consistent and high-quality guest experience.
In recent developments, Chatham has continued to focus on optimizing its portfolio by enacting strategic acquisitions and improvements across its properties. The company remains financially robust with a commitment to maintaining a strong balance sheet and delivering value to its shareholders.
Chatham Lodging Trust is dedicated to providing upscale accommodations and exceptional service to its guests, while simultaneously driving growth and profitability for its investors. Keep up with the latest news and updates about Chatham Lodging Trust to stay informed about their performance, events, and significant developments.
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust specializing in upscale extended-stay and premium-branded select-service hotels, has announced its 2025 annual shareholder meeting details. The meeting is scheduled for May 6, 2025 at 10:00 a.m. EST and will take place at the company's corporate offices in West Palm Beach, Florida. The record date for shareholder voting eligibility has been set for March 10, 2025 at close of business.
Chatham Lodging Trust (NYSE: CLDT) reported strong Q4 2024 results with notable RevPAR growth and margin expansion. Portfolio RevPAR increased 4% to $129, driven by a 5% jump in occupancy to 74%, while ADR slightly declined 1% to $176.
Key financial metrics include: Net loss of $1.9M ($0.08 per share), improved from $9.3M loss in Q4 2023; GOP margins up 150 basis points to 40.5%; Hotel EBITDA margins increased 90 basis points to 32.5%; Adjusted EBITDA rose to $21.1M; and AFFO reached $10.0M ($0.20 per share).
The company completed strategic asset recycling, selling three hotels with two more under contract, expecting total proceeds of $101M. Silicon Valley and Bellevue properties showed strong performance with 9% RevPAR growth. The company reduced net debt by $29M in 2024 and lowered leverage ratio from 25% to 23%.
Chatham Lodging Trust (NYSE: CLDT), a REIT focused on upscale extended-stay and premium branded select-service hotels, has scheduled its fourth quarter 2024 earnings report for Wednesday, February 26, 2025, before market opening.
The company will host a conference call at 1:00 p.m. ET on the same day, featuring CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner to discuss the financial results. Interested parties can join via webcast on the company's website or by phone using the provided dial-in numbers.
A recording will be available until March 5, 2025, and a replay will be posted on Chatham's website.
Chatham Lodging Trust (NYSE: CLDT), a REIT focused on upscale extended-stay and premium-branded select service hotels, has announced its 2024 dividend tax characterization. For Series A Preferred shares (CLDT-PA), quarterly dividends of $0.41406 are classified as 100% taxable ordinary income and Section 199A dividends. Common stock (CLDT) quarterly dividends of $0.07 are split between taxable ordinary income ($0.05392) and return of capital ($0.01608), with the taxable portion qualifying as Section 199A dividends.
No portion of the 2024 dividends represented foreign taxes or qualified dividend income. Shareholders will receive IRS Form 1099-DIV from either EQ Shareholder Services (registered holders) or their brokers (street name holders).
Chatham Lodging Trust (NYSE: CLDT), a lodging REIT specializing in upscale, extended-stay and premium-branded select-service hotels, has announced its quarterly dividend distributions. The company, which owns 39 hotels, will pay a common share dividend of $0.07 and a preferred share dividend of $0.41406. Both dividends will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.
Chatham Lodging Trust (NYSE: CLDT) reported third quarter 2024 results with RevPAR growth of 2.1% excluding hotels under renovation. The company generated net income of $4.3 million ($0.05 per share), down from $7.5 million ($0.11 per share) in Q3 2023. Q3 2024 RevPAR increased 1.3% to $150, with ADR up 1.3% to $188 and occupancy flat at 80%. Notable performance came from Silicon Valley and Bellevue hotels, showing 8% RevPAR growth. The company has agreements to sell five hotels for approximately $80 million in net proceeds. October RevPAR accelerated 6% over 2023 to $158.
Chatham Lodging Trust (NYSE: CLDT), a lodging REIT specializing in upscale, extended-stay and premium-branded, select-service hotels, has announced its third quarter 2024 earnings call. The call is scheduled for Thursday, November 7, 2024, following the release of financial results before market opening. Key executives, including CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner, will host the call at 10:00 a.m. ET.
Shareholders and interested parties can join via webcast on Chatham's website or by dialing in. The call recording will be available until November 14, 2024, and a replay will be posted on the company's website. Chatham Lodging Trust currently owns 39 hotels in its portfolio.
Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT), has declared its quarterly dividends. The company, which owns 39 upscale, extended-stay and premium-branded, select-service hotels, announced the following:
1. A quarterly common share dividend of $0.07 per share
2. A quarterly preferred share dividend of $0.41406 per share
Both dividends are payable on October 15, 2024, to shareholders of record as of September 30, 2024. This announcement reflects Chatham Lodging Trust's commitment to providing regular returns to its shareholders.
Chatham Lodging Trust (NYSE: CLDT) reported strong Q2 2024 results, with RevPAR increasing 4% to $151 compared to Q2 2023. The company's net income was $7.0 million, or $0.10 per diluted share. Adjusted FFO was $19.9 million, or $0.39 per diluted share, beating consensus estimates. Chatham acquired the 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million and repositioned its balance sheet, repaying $261 million of maturing debt. The company's hotel EBITDA margin was 39%, down from 41% in Q2 2023. Chatham's Silicon Valley and Bellevue hotels saw a 10% increase in RevPAR. The company provided Q3 2024 guidance, projecting RevPAR growth of 0% to 2.5% and adjusted FFO per diluted share of $0.31-$0.36.
Chatham Lodging Trust (NYSE: CLDT), a REIT specializing in upscale, extended-stay hotels and premium-branded, select-service hotels, will announce its second quarter 2024 financial results on Friday, August 2, 2024, before the market opens. The company owns 39 hotels.
A conference call to review the results will be hosted by CEO Jeffrey H. Fisher, EVP Dennis M. Craven, and CFO Jeremy Wegner at 10:00 a.m. ET on the same day. Interested parties can listen to the webcast on Chatham’s website or join via phone by dialing specified numbers. A recording will be available until August 9, 2024, and a replay will be posted on the company's website.
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