Chatham Lodging Announces Third Quarter Earnings Call to be Held on Thursday, October 29, 2020
Chatham Lodging Trust (NYSE: CLDT) will report its third quarter 2020 financial results on October 29, 2020, before market opening. A conference call with executives, including CEO Jeffrey H. Fisher, will be held at 10:00 a.m. ET the same day to discuss the results. Chatham owns 86 hotels, totaling 12,040 rooms across 15 states and D.C., focusing on upscale, extended-stay, and premium select-service hotels. Interested parties can listen via Chatham's website or participate through a conference call.
- Reporting Q3 2020 results may show potential recovery in hotel occupancy and revenue.
- Strong portfolio of 86 hotels with 12,040 rooms could stabilize financial performance post-COVID.
- Ongoing impact of COVID-19 on hotel occupancy rates and revenue performance.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 86 hotels wholly or through its joint venture, today announced that it will report third quarter 2020 financial results on Thursday, October 29, 2020, before the opening of the market. That same day at 10:00 a.m. ET, Jeffrey H. Fisher, Chatham’s chief executive officer, Dennis M. Craven, executive vice president and chief operating officer, and Jeremy Wegner, senior vice president and chief financial officer, will host a conference call to review third quarter 2020 financial results.
Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Chatham’s Web site, http://chathamlodgingtrust.com/, or www.streetevents.com, or may participate in the conference call by dialing 1-877-407-0789 and referencing Chatham Lodging Trust. A recording of the call will be available by telephone until 11:59 p.m. ET on Thursday, November 5, 2020, by dialing 1-844-512-2921, reference number 13711712. A replay of the conference call will be posted on Chatham’s website.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint venture that owns 46 hotels with an aggregate of 5,948 rooms/suites. Additional information about Chatham may be found at chathamlodgingtrust.com.
Included in this press release are certain “non-GAAP financial measures,” within the meaning of Securities and Exchange Commission (SEC) rules and regulations, that are different from measures calculated and presented in accordance with GAAP (generally accepted accounting principles). The company considers the following non-GAAP financial measures useful to investors as key supplemental measures of its operating performance: (1) FFO, (2) Adjusted FFO, (3) EBITDA, and (4) Adjusted EBITDA. These non-GAAP financial measures could be considered along with, but not as alternatives to, net income or loss, cash flows from operations or any other measures of the company’s operating performance prescribed by GAAP.
