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Chatham Lodging Trust - CLDT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chatham Lodging Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Chatham Lodging Trust's position in the market.

Rhea-AI Summary
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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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.
Rhea-AI Impact
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-2.53%
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earnings
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Rhea-AI Summary
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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-2.53%
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Rhea-AI Summary
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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-1.01%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
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-1.22%
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earnings
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Rhea-AI Summary
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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0.37%
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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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-0.8%
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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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6.75%
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earnings
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Rhea-AI Summary
Chatham Lodging Trust to report Q3 2023 financial results on November 2, 2023.
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Rhea-AI Sentiment
End-of-Day
-2.08%
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earnings
Rhea-AI Summary
Chatham Lodging Trust declares quarterly dividends
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0.51%
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dividends
Chatham Lodging Trust

NYSE:CLDT

CLDT Rankings

CLDT Stock Data

510.47M
47.58M
2.59%
91.9%
1.35%
Other Financial Vehicles
Finance and Insurance
Link
US
West Palm Beach

About CLDT

publically traded reit. mission is to buy upscale extended stay hotels