CLDT Stock Recent News

US equity markets tumbled this week - suffering its worst week in six months - as disappointing employment reports and fast-shifting tariff policy failed to improve skittish investor sentiment. Reminiscent of Fed Chair Powell's infamous August 2022 "some pain ahead" speech, the Trump Administration warned of a "little disturbance" and a necessary "detox period" for the U.S. economy. Softer-than-expected employment data this week fueled doubts that sweeping overhauls to trade policy and fiscal spending can be accomplished without risking a recession.

Chatham Lodging Trust offers a preferred stock with a near 8% yield, outperforming sector benchmarks by nearly 2%, presenting a compelling investment opportunity. CLDT's balance sheet shows a strong asset base with $1.2 billion in properties and a manageable debt level, enhancing its financial stability. Moody's credit score for CLDT suggests a Ba1 rating, but a deeper "only- balance-sheet" analysis indicates a Baa2 rating equivalent, highlighting its relative financial strength.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Announces Date of 2025 Annual Meeting of Shareholders.

Chatham Lodging Trust (NYSE:CLDT ) Q4 2024 Earnings Conference Call February 26, 2024 1:00 PM ET Company Participants Chris Daly – President-DG Public Relations Jeff Fisher – Chairman, President and Chief Executive Officer Dennis Craven – Executive Vice President and Chief Operating Officer Jeremy Wegner – Senior Vice President and Chief Financial Officer Conference Call Participants Gaurav Mehta – Alliance Global Partners Ari Klein – BMO Capital Markets Jonathan Jenkins – Oppenheimer & Company Operator Greetings and welcome to the Chatham Lodging Trust Fourth Quarter 2024 Financial Results Call. At this time all participants are in a listen-only mode.

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to FFO of $0.19 per share a year ago.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Announces Strong Fourth Quarter 2024 Results.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Announces Fourth Quarter 2024 Earnings Call to be Held on Wednesday, February 26, 2025.

Chatham Lodging Trust's Series A preferred shares are attractive due to strong dividend coverage and a robust balance sheet, now yielding nearly 8%. The REIT's AFFO comfortably covers preferred dividends, with $53.5M expected for FY 2024, ensuring financial stability even in weaker quarters. The balance sheet shows a net financial debt of $416M against $1.3B in assets, indicating a low LTV ratio and substantial equity cushion.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Announces 2024 Distribution Characterization.

Chatham Lodging Trust is a lodging REIT focused on extended stay and limited-service hotels, primarily in the Sun Belt region. The company has underperformed the Vanguard Real Estate Index Fund ETF so far in 2024, resulting in a depressed forward AFFO multiple of 7.2x. Over the near term, the company will benefit from Fed easing thanks to its ~57.5% proportion of floating rate debt.