Chatham Lodging (NYSE:CLDT) Bolsa

Chatham Lodging

Chatham Lodging Trust is a U.S.-based real estate investment trust that invests in upscale extended-stay hotels. The firm operates across various states in the U.S., including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania among others. Substantially all of the company's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. Chatham Lodging LP and its subsidiaries lease the overall company's hotels. The firm operates through a single segment because of the similar economic characteristics of its hotels. Chatham's revenue streams include Room, Food and beverage, and Other. Room comprises the majority of total revenue. Chatham's hotels operate under brands which include, Hilton, Marriott, and Hyatt.

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

Chatham Lodging Trust

Chatham Lodging Trust (REIT) 6.625% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) is looking for Q2 FFO of $0.32-$0.36 vs $0.36 analyst estimate. sees sales of $79.000 million-$80.200 million vs $82.30 million analyst estimate.

News

Guidance

CLDT

Chatham Lodging Sees Q2 AFFO $0.32-$0.36 vs $0.36 Est; Sees Sales $79.000M-$80.200M vs $82.30M Est

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) lowers FY2025 FFO guidance from $1.01-$1.11 to $0.95-$1.03 vs $1.05 analyst estimate. Lowers FY2025 sales outlook from $298.00 million-$305.00 million to $295.00 million-$298.00 million vs $306.35 million estimate.

Chatham Lodging Lowers FY2025 AFFO Guidance From $1.01-$1.11 to $0.95-$1.03 Vs $1.05 Est; Lowers Sales Guidance From $298.00M-$305.00M To $295.00M-$298.00M Vs $306.35M Est

Buybacks

Chatham Lodging Trust Board Approves First-Ever $25M Share Buyback Program With No Time Limit

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 12.5 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $68.64 million which beat the analyst consensus estimate of $68.34 million by 0.43 percent. This is a 0.28 percent increase over sales of $68.44 million the same period last year.

Earnings

Earnings Beats

Chatham Lodging Q1 FFO $0.14, Inline, Sales $68.64M Beat $68.34M Estimate

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Earnings Scheduled For May 6, 2025

Stifel analyst Simon Yarmak maintains Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) with a Buy and lowers the price target from $11 to $9.5.

Price Target

Analyst Ratings

Stifel Maintains Buy on Chatham Lodging, Lowers Price Target to $9.5

Dividends

Chatham Lodging Increases Quarterly Common Dividend From $0.07 To $0.09

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) is looking for FY2025 FFO of $1.01-$1.11 vs $1.12 analyst estimate. sees sales of $298.000 million-$305.000 million vs $328.90 million analyst estimate.

Chatham Lodging Sees FY2025 FFO $1.01-$1.11 vs $1.12 Est; Sees Sales $298.000M-$305.000M vs $328.90M Est

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) is looking for Q1 FFO of $0.12-$0.15 vs $0.14 analyst estimate. sees sales of $67.900 million-$68.500 million vs $71.47 million analyst estimate.

Chatham Lodging Sees Q1 FFO $0.12-$0.15 vs $0.14 Est; Sees Sales $67.900M-$68.500M vs $71.47M Est

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.17 by 17.65 percent. This is a 5.26 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $75.11 million which beat the analyst consensus estimate of $74.65 million by 0.62 percent. This is a 3.92 percent increase over sales of $72.28 million the same period last year.

Chatham Lodging Q4 FFO $0.20 Beats $0.17 Estimate, Sales $75.11M Beat $74.65M Estimate

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Core Scientific, Inc. - Class A Common Stock

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Earnings Scheduled For February 26, 2025

Alliance Global Partners analyst Gaurav Mehta initiates coverage on Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) with a Buy rating and announces Price Target of $12.

Initiation

Alliance Global Partners Initiates Coverage On Chatham Lodging with Buy Rating, Announces Price Target of $12

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) is looking for Q4 FFO of $0.15-0.18 vs $0.17 analyst estimate. seessales of $74.000 million-75.000 million vs $73.75 million estimate.

Chatham Lodging Sees Q4 FFO $0.15-0.18 vs $0.17 Est; Sees Total hotel revenue
$74.000M-75.000M vs $73.75M Est

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) reported quarterly earnings of $0.35 per share which met the analyst consensus estimate. The company reported quarterly sales of $87.177 million which missed the analyst consensus estimate of $87.776 million by 0.68 percent. This is a 0.50 percent increase over sales of $86.741 million the same period last year.

Earnings Misses

Chatham Lodging Q3 2024 FFO $0.35, Inline, Sales $87.177M Miss $87.776M Estimate

Chatham Lodging Trust Sees Q3 Total Hotel Revenue Of $86M-$88M With Adjusted FFO Per Diluted Share Of $0.31-$0.36

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.36 by 8.33 percent. This is a 9.3 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $86.479 million which beat the analyst consensus estimate of $85.732 million by 0.87 percent. This is a 2.37 percent increase over sales of $84.476 million the same period last year.

Chatham Lodging Q2 2024 FFO $0.39 Beats $0.36 Estimate, Sales $86.479M Beat $85.732M Estimate

Chatham Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced RevPAR grew a strong&nbsp;5 percent&nbsp;quarter-to-date through May, well above its&nbsp;second quarter&nbsp;guidance&nbsp;of 2.5 to&nbsp;4.0 percent. RevPAR gained&nbsp;5 percent&nbsp;in both April and May.
Key RevPAR growth metrics (excluding the recently acquired Home2 Phoenix Downtown):
<ul>
<li>April occupancy was up&nbsp;6 percent&nbsp;to&nbsp;83 percent&nbsp;with average daily rate (ADR) down&nbsp;1 percent&nbsp;to&nbsp;$177</li>
<li>May occupancy was up&nbsp;4 percent&nbsp;to&nbsp;82 percent, and ADR also increased&nbsp;1 percent&nbsp;to&nbsp;$182</li>
<li>RevPAR growth for the Silicon Valley and Bellevue hotels surged&nbsp;11 percent&nbsp;through May driven by an approximate&nbsp;6 percent&nbsp;advance in occupancy to&nbsp;77 percent&nbsp;and a&nbsp;6 percent&nbsp;rise in ADR to&nbsp;$188</li>
<li>Other strong markets through May were Cherry Creek, Dallas, Greater New York, San Antonio and San Diego</li>
</ul>

Chatham Lodging Trust Reports Strong 5% RevPAR Growth Through May, Exceeding Expectations

Real Estate

Chatham Lodging Trust Home2 Suites By Hilton Phoenix Downtown For $43.3M; Acquisition Expected To Produce RevPAR Over $150

2024&nbsp;Second Quarter&nbsp;Guidance
The company&#39;s 2024&nbsp;second quarter&nbsp;guidance&nbsp;reflects the following assumptions:
<ol>
<li>No renovations.</li>
<li>Repayment of the&nbsp;$29 million&nbsp;maturing mortgage during April on the Anaheim Residence Inn using available cash.</li>
<li>$50 million&nbsp;of incremental borrowings on Chatham&#39;s term loan on May 3, 2024.</li>
<li>$60 million&nbsp;of CMBS debt issuance during the second half of May</li>
<li>No additional acquisitions, dispositions, debt or equity issuance</li>
</ol>
<table cellspacing="0">
<tbody>
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Q2&nbsp;2024
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RevPAR
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$149&nbsp;-&nbsp;$151
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RevPAR growth
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2.5%&nbsp;to&nbsp;4.0%
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Total hotel revenue
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$84.3-$85.4&nbsp;M
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Net income (loss)
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$2.1-$3.8&nbsp;M
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Net income (loss) per diluted share
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$0.04-$0.07
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Adjusted EBITDA
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$28.7-$30.4&nbsp;M
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Adjusted FFO
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$16.8-$18.5&nbsp;M
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Adjusted FFO per diluted share
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$0.33-$0.36
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Hotel EBITDA margins
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36.5%-38.0%
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Corporate cash administrative expenses
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$2.8&nbsp;M
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Corporate non-cash administrative expenses
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$1.7&nbsp;M
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Interest income
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$0.7&nbsp;M
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Interest expense (excluding fee amortization)
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$7.7&nbsp;M
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Non-cash amortization of deferred fees
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$0.4&nbsp;M
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Weighted average shares/units outstanding
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51.0 M
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</table>
The company provides&nbsp;guidance&nbsp;but does not undertake to update it for any developments in its business. Achievement of the results is subject to the risks disclosed in the company&#39;s filings with the Securities and Exchange Commission.

Chatham Lodging Trust Expects Q2 Total Hotel Revenue Of $84.3M-$85.4M And Adjusted FFO Per Share Of $0.33-$0.36 Vs. $0.42 Consensus

Chatham Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.13 by 23.08 percent. This is unchanged from the same period last year. The company reported quarterly sales of $68.443 million which beat the analyst consensus estimate of $68.110 million by 0.49 percent. This is a 1.23 percent increase over sales of $67.614 million the same period last year.

Chatham Lodging Q1 2024 AFFO $0.16 Beats $0.13 Estimate, Sales $68.443M Beat $68.110M Estimate

Press Releases

Chatham Lodging Trust Announces Third Quarter 2024 Earnings Call to be Held on Thursday, November 7, 2024

Chatham Lodging Trust Announces Third Quarter 2024 Results

Chatham Lodging Trust Declares Quarterly Common, Preferred Dividend

Chatham Lodging Trust Announces 2024 Distribution Characterization

Chatham Lodging Trust Announces Fourth Quarter 2024 Earnings Call to be Held on Wednesday, February 26, 2025

Chatham Lodging Trust Announces Strong Fourth Quarter 2024 Results

Chatham Lodging Announces Date of 2025 Annual Meeting of Shareholders

Chatham Lodging Increases Common Dividend 29 Percent

Chatham Lodging Trust Announces First Quarter 2025 Earnings Call to be Held on Tuesday, May 6, 2025

Chatham Lodging Announces First Quarter 2025 Results, Initiates Share Repurchase Program

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