Welcome to our dedicated page for Chatham Lodging news (Ticker: CLDT), a resource for investors and traders seeking the latest updates and insights on Chatham Lodging stock.
Chatham Lodging Trust (NYSE: CLDT) is a self-advised lodging real estate investment trust (REIT) focused on upscale, extended-stay hotels and premium-branded, select-service hotels. This news page aggregates company press releases, earnings updates and other disclosures so readers can follow developments affecting the CLDT stock and its hotel portfolio.
Recent news from Chatham highlights recurring themes in its business: quarterly financial results, portfolio RevPAR, ADR and occupancy trends, and commentary on performance across key markets such as Silicon Valley, Los Angeles, the Coastal Northeast, Washington, D.C., Greater New York, San Diego and Dallas. The company also reports on hotel-level performance by major brands, including Residence Inn, Hilton Garden Inn, Home2 Suites, Courtyard, Hampton Inn, Hyatt Place and Homewood Suites.
Investors can use this feed to track announcements on asset recycling, including the sale of older or lower RevPAR hotels, as well as updates on capital expenditures and renovations at selected properties. News items also cover Chatham’s capital structure, such as refinancings and changes to its unsecured credit facility, and provide details on net debt, leverage and interest costs.
Dividend declarations for common and preferred shares, along with information about the company’s share repurchase program, are regular features of Chatham’s news flow. Earnings releases include non-GAAP measures like FFO, Adjusted FFO, EBITDA and Adjusted EBITDA, plus hotel EBITDA margins and GOP margins. For investors and analysts following CLDT, this page offers a centralized view of the company’s operating performance, portfolio changes and financial policies over time.
Chatham Lodging Trust (NYSE: CLDT), a REIT focused on upscale extended-stay and premium branded select-service hotels, has scheduled its fourth quarter 2024 earnings report for Wednesday, February 26, 2025, before market opening.
The company will host a conference call at 1:00 p.m. ET on the same day, featuring CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner to discuss the financial results. Interested parties can join via webcast on the company's website or by phone using the provided dial-in numbers.
A recording will be available until March 5, 2025, and a replay will be posted on Chatham's website.
Chatham Lodging Trust (NYSE: CLDT), a REIT focused on upscale extended-stay and premium-branded select service hotels, has announced its 2024 dividend tax characterization. For Series A Preferred shares (CLDT-PA), quarterly dividends of $0.41406 are classified as 100% taxable ordinary income and Section 199A dividends. Common stock (CLDT) quarterly dividends of $0.07 are split between taxable ordinary income ($0.05392) and return of capital ($0.01608), with the taxable portion qualifying as Section 199A dividends.
No portion of the 2024 dividends represented foreign taxes or qualified dividend income. Shareholders will receive IRS Form 1099-DIV from either EQ Shareholder Services (registered holders) or their brokers (street name holders).
Chatham Lodging Trust (NYSE: CLDT), a lodging REIT specializing in upscale, extended-stay and premium-branded select-service hotels, has announced its quarterly dividend distributions. The company, which owns 39 hotels, will pay a common share dividend of $0.07 and a preferred share dividend of $0.41406. Both dividends will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.
Chatham Lodging Trust (NYSE: CLDT) reported third quarter 2024 results with RevPAR growth of 2.1% excluding hotels under renovation. The company generated net income of $4.3 million ($0.05 per share), down from $7.5 million ($0.11 per share) in Q3 2023. Q3 2024 RevPAR increased 1.3% to $150, with ADR up 1.3% to $188 and occupancy flat at 80%. Notable performance came from Silicon Valley and Bellevue hotels, showing 8% RevPAR growth. The company has agreements to sell five hotels for approximately $80 million in net proceeds. October RevPAR accelerated 6% over 2023 to $158.
Chatham Lodging Trust (NYSE: CLDT), a lodging REIT specializing in upscale, extended-stay and premium-branded, select-service hotels, has announced its third quarter 2024 earnings call. The call is scheduled for Thursday, November 7, 2024, following the release of financial results before market opening. Key executives, including CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner, will host the call at 10:00 a.m. ET.
Shareholders and interested parties can join via webcast on Chatham's website or by dialing in. The call recording will be available until November 14, 2024, and a replay will be posted on the company's website. Chatham Lodging Trust currently owns 39 hotels in its portfolio.
Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT), has declared its quarterly dividends. The company, which owns 39 upscale, extended-stay and premium-branded, select-service hotels, announced the following:
1. A quarterly common share dividend of $0.07 per share
2. A quarterly preferred share dividend of $0.41406 per share
Both dividends are payable on October 15, 2024, to shareholders of record as of September 30, 2024. This announcement reflects Chatham Lodging Trust's commitment to providing regular returns to its shareholders.
Chatham Lodging Trust (NYSE: CLDT) reported strong Q2 2024 results, with RevPAR increasing 4% to $151 compared to Q2 2023. The company's net income was $7.0 million, or $0.10 per diluted share. Adjusted FFO was $19.9 million, or $0.39 per diluted share, beating consensus estimates. Chatham acquired the 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million and repositioned its balance sheet, repaying $261 million of maturing debt. The company's hotel EBITDA margin was 39%, down from 41% in Q2 2023. Chatham's Silicon Valley and Bellevue hotels saw a 10% increase in RevPAR. The company provided Q3 2024 guidance, projecting RevPAR growth of 0% to 2.5% and adjusted FFO per diluted share of $0.31-$0.36.
Chatham Lodging Trust (NYSE: CLDT), a REIT specializing in upscale, extended-stay hotels and premium-branded, select-service hotels, will announce its second quarter 2024 financial results on Friday, August 2, 2024, before the market opens. The company owns 39 hotels.
A conference call to review the results will be hosted by CEO Jeffrey H. Fisher, EVP Dennis M. Craven, and CFO Jeremy Wegner at 10:00 a.m. ET on the same day. Interested parties can listen to the webcast on Chatham’s website or join via phone by dialing specified numbers. A recording will be available until August 9, 2024, and a replay will be posted on the company's website.
Chatham Lodging Trust (NYSE: CLDT), a REIT that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, announced a quarterly dividend declaration. The board of trustees declared a dividend of $0.07 per common share and $0.41406 per preferred share. These dividends are payable on July 15, 2024, to shareholders of record as of June 28, 2024. Chatham Lodging Trust owns 39 hotels.
Chatham Lodging Trust (NYSE: CLDT), a hotel REIT, reported a strong RevPAR growth of 5% quarter-to-date through May, exceeding its second quarter guidance of 2.5-4%. April occupancy increased 6% to 83% with ADR down 1% to $177, while May occupancy rose 4% to 82% with ADR up 1% to $182. Silicon Valley and Bellevue hotels saw an 11% RevPAR surge driven by a 6% occupancy increase to 77% and 6% ADR rise to $188. Key markets like Cherry Creek, Dallas, and San Diego also performed well. The company repaid $29M and $35M mortgages, borrowed $50M on its term loan, acquired Home2 Suites Phoenix Downtown for $43M, and issued $23M of CMBS debt. By June 30, Chatham expects $50M in cash and no outstanding balance on its $260M credit facility, post repaying $189M maturing debt in July. This marks their lowest leverage levels in a decade.