CLDT Stock Recent News

Although the revenue and EPS for Chatham Lodging (CLDT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago.

Chatham Lodging Trust currently trades in value range despite solid operating fundamentals, and its preferred shares currently offer a 7.7% yield. CLDT focuses on upscale, extended-stay, and select-service hotels, achieving higher margins than its peers. CLDT has seen improving operating metrics, particularly in tech-driven markets, making it a good bargain for investors at the current price.

While the top- and bottom-line numbers for Chatham Lodging (CLDT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.19 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.20 per share a year ago.

Chatham Lodging Trust is a real estate investment trust specializing in upscale, extended-stay hotels. The company has shown resilience and adaptability in industry challenges and has prudent financial management. The U.S. hotel, resort, and cruise line industry is undergoing transformation, with CLDT consistently surpassing industry RevPAR growth for five consecutive quarters.

Chatham Lodging Trust (NYSE:CLDT ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Chris Daly - President, DG Public Relations Jeff Fisher - Chairman, President and CEO Dennis Craven - EVP and COO Jeremy Wegner - SVP and CFO Conference Call Participants Ari Klein - BMO Capital Markets Anthony Powell - Barclays Tyler Batory - Oppenheimer Operator Good morning, and welcome to Chatham Lodging Trust Second Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode.

Chatham Lodging Trust is focusing on Extended Stay hotels. I expect a full-year AFFO of $1.15-1.20 per share. According to my calculations, an increase of the cost of debt to 8% would reduce the Chatham AFFO/share by less than $0.25.

Chatham Lodging Trust has underperformed the Real Estate Select Sector SPDR Fund ETF this year, declining by 22%. Despite showing signs of recovery from the pandemic, the REIT's high debt load and low dividend yield make it unattractive to investors. The company's net interest expense has increased due to high interest rates, consuming 67% of its operating income.

It is a fairly simple process to select the best hotel REIT Preferred since they all operate similarly, and all hold the same asset class. The primary difference between preferred stocks from the various hotel REITs is their yield and their safety. I have calculated leverage for all of the primary hotel REITs which have issued preferred stocks and by also using their current yield, we can easily compare them.