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REITs had another month of recovery in June (+2.56% average total return), but despite back-to-back gains remain in negative territory YTD (-5.65%). Micro cap REITs (+7.19%) outperformed for the first time this year in June, while small caps (+2.99%), mid caps (+1.80%) and large caps (+0.03%) saw smaller gains. 63.87% of REIT securities had a positive total return in June.
Chatham Lodging Trust has a solid asset base, high unencumbered asset ratio, and moderate leverage, supporting a Ba1 overall credit rating. CLDT's preferred stock is rated two notches lower at Ba3, reflecting higher risk for preferred investors despite a current yield of 8.12%. The company's EBITDA covers interest and preferred dividends 2.3 times, but fixed cost coverage and market positioning remain moderate concerns.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust Announces Second Quarter 2025 Earnings Call to be Held on Wednesday, August 6, 2025.
Chatham Lodging Trust 6.625% RED PFD A is trading at a discount and yields above 8% with a set liquidation value. Its solvency and liquidity risk metrics are robust. Moreover, an implied cap rate of 9.6% and a well-timed debt maturity schedule add gravity. The REIT reported another net loss in Q1. However, the loss can mainly be attributed to depreciation and other non-core expenses.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Declares Quarterly Common, Preferred Dividend.
I've been adding to Chatham Lodging Trust's preferred shares due to their attractive risk/reward profile, especially amid hotel sector volatility. The REIT's strong balance sheet, low leverage, and significant equity cushion provide solid protection for preferred shareholders like myself. Chatham's Series A preferred shares offer an 8.24% cumulative yield, well-covered by cash flows and senior to common dividends.
Chatham Lodging Trust (NYSE:CLDT ) Q1 2025 Earnings Conference Call May 6, 2025 2:00 PM ET Company Participants Chris Daly - President-DG Public Relations Jeff Fisher - Chairman, President & Chief Executive Officer Dennis Craven - Executive Vice President & Chief Operating Officer Jeremy Wegner - Senior Vice President & Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Ari Klein - BMO Capital Markets Jonathan Jenkins - Oppenheimer Operator Greetings and welcome to the Chatham Lodging Trust First Quarter 2025 Financial Results Conference Call. At this time all participants are in a listen-only mode.
Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Announces First Quarter 2025 Results, Initiates Share Repurchase Program.
REITs finished the first quarter of 2025 in the red (-3.36%) with a brutal -4.92% average total return in March. Large cap (-2.04%) and mid cap REITs (-2.63%) saw modest losses, but small caps (-4.16%) and micro caps (-16.19%) had a particularly bad month. Only 29.49% of REIT securities had a positive total return in March.