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CHATHAM LODGING TRUST - CLDT STOCK NEWS

Welcome to our dedicated page for CHATHAM LODGING TRUST news (Ticker: CLDT), a resource for investors and traders seeking the latest updates and insights on CHATHAM LODGING TRUST 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.

News

Chatham Lodging Trust Announces First Quarter 2024 Earnings Call to be Held on Monday, May 6, 2024

Rhea-AI Summary
Chatham Lodging Trust (CLDT) will report its first quarter 2024 financial results on May 6, 2024. The company, a lodging REIT investing in upscale hotels, will host a conference call to review the results. Shareholders can participate via webcast or phone.
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Chatham Lodging Trust Declares Quarterly Common, Preferred Dividend

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Chatham Lodging Trust (CLDT) declares quarterly dividends for common and preferred shares, $0.07 and $0.41406 respectively, payable on April 15, 2024.
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Chatham Lodging Trust Announces Fourth Quarter 2023 Results

Rhea-AI Summary
Chatham Lodging Trust (CLDT) announced its fourth quarter 2023 results, showcasing a 2.5% increase in Portfolio Revenue Per Available Room (RevPAR), a net loss of $11.0 million, and various financial metrics. Despite challenges in the technology sector, the company reported positive RevPAR growth and operational achievements, including debt reduction and increased dividends. Looking ahead, Chatham remains optimistic about the future performance fueled by technology sector investments and business travel demand.
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Chatham Lodging Announces Date of 2024 Annual Meeting of Shareholders

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Chatham Lodging Trust (CLDT) has announced the date and time for its 2024 annual meeting of shareholders. The meeting will take place on May 15, 2024, at 10:00 a.m. EDT in West Palm Beach, Fla. Shareholders entitled to notice and vote must be determined by the close of business on March 18, 2024.
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Chatham Lodging Trust Announces 2023 Distribution Characterization

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Chatham Lodging Trust (CLDT), a lodging real estate investment trust (REIT), announced the characterization of dividends declared in 2023 on its common and preferred shares for federal income tax reporting purposes. The dividends declared in 2023 represented taxable ordinary income and return of capital. Shareholders will receive an IRS Form 1099-DIV from EQ Shareholder Services, the company’s dividend paying agent. The tax information should not be construed as tax advice and is subject to correction or adjustment when the filings are completed.
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Chatham Lodging Trust Announces Fourth Quarter Earnings Call to be Held on Tuesday, February 27, 2024

Rhea-AI Summary
Chatham Lodging Trust (CLDT) announced that it will report its fourth quarter 2023 financial results on February 27, 2024. The company owns 38 upscale, extended-stay hotels and premium-branded, select-service hotels. The announcement includes details about a conference call hosted by the company's CEO, COO, and CFO to review the financial results. Shareholders and interested parties can listen to the webcast or participate in the conference call. A recording and replay of the call will also be available on the company's website.
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Chatham Lodging Trust Announces Sale of Hotel

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Chatham Lodging Trust (CLDT) announced the closing of the sale of the 180-room Hilton Garden Inn Denver Tech Center for approximately $18 million. An approximate $6 million renovation of the hotel was planned for 2023 but was not completed due to the pending sale. Proceeds from the sale of the hotel will be used for corporate investments and to repay debt.
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Chatham Lodging Trust Declares Quarterly Common, Preferred Dividend

Rhea-AI Summary
Chatham Lodging Trust (CLDT) declares a quarterly common share dividend of $0.07 per common share and a quarterly preferred share dividend of $0.41406 per preferred share, payable on January 16, 2024, to shareholders of record as of December 29, 2023. Chatham Lodging Trust is a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels.
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Chatham Lodging Trust Announces Third Quarter 2023 Results

Rhea-AI Summary
Chatham Lodging Trust (NYSE: CLDT) announced its third-quarter results, reporting a decrease in Portfolio Revenue Per Available Room (RevPAR) by 2.6% to $147 compared to the same period in 2022. Net income was $7.5 million, down from $12.4 million in Q3 2022. Adjusted EBITDA declined to $30.6 million from $35.1 million last year. The company repaid $60 million of maturing mortgage debt and issued $83 million of fixed-rate debt. Occupancy and ADR were down 1% each compared to last year. September and October RevPAR grew 4% and less than 1% respectively compared to 2019.
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Chatham Lodging Trust Announces Third Quarter Earnings Call to be Held on Thursday, November 2, 2023

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Chatham Lodging Trust to report Q3 2023 financial results on November 2, 2023.
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FAQ

What is the current stock price of CHATHAM LODGING TRUST (CLDT)?

The current stock price of CHATHAM LODGING TRUST (CLDT) is $9.17 as of December 20, 2024.

What is the market cap of CHATHAM LODGING TRUST (CLDT)?

The market cap of CHATHAM LODGING TRUST (CLDT) is approximately 442.6M.

What is Chatham Lodging Trust?

Chatham Lodging Trust is a U.S.-based real estate investment trust (REIT) that invests in upscale extended-stay hotels.

Where does Chatham Lodging Trust operate?

Chatham operates in multiple states including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania.

What brands do Chatham's hotels operate under?

Chatham's hotels operate under well-known brands such as Hilton, Marriott, and Hyatt.

How does Chatham Lodging Trust generate revenue?

Chatham generates revenue primarily from Room charges, followed by Food and Beverage, and Other services.

What is Chatham Lodging, LP?

Chatham Lodging, LP is the Operating Partnership that holds and operates all of Chatham's assets.

What is the business model of Chatham Lodging Trust?

Chatham's business model focuses on owning and operating upscale extended-stay hotels to provide a consistent and high-quality guest experience.

What recent achievements has Chatham Lodging Trust made?

Chatham has focused on strategic acquisitions and property improvements to optimize its portfolio and maintain financial strength.

What is the mission of Chatham Lodging Trust?

The mission of Chatham Lodging Trust is to buy upscale extended-stay hotels and deliver superior returns to its shareholders.

How does Chatham ensure quality in its hotels?

By operating under trusted brands like Hilton, Marriott, and Hyatt, Chatham ensures a consistent and high-quality guest experience.

How can I stay updated on Chatham Lodging Trust's performance?

You can stay updated on Chatham Lodging Trust's performance by following the latest news and developments about the company.

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CHATHAM LODGING TRUST

NYSE:CLDT

CLDT Rankings

#3203 Ranked by Market Cap
#1061 Ranked by Dividends

CLDT Stock Data

442.65M
47.63M
2.49%
92.92%
0.7%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
WEST PALM BEACH