Chatham Lodging Stock Price, News & Analysis

Chatham Lodging Trust (NYSE: CLDT) announced it will release its third quarter 2022 financial results on November 8, 2022, before market opening. A conference call will follow at 10:00 a.m. ET featuring CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner. Interested parties can access the call via the company's website or by telephone. Chatham Lodging Trust operates 39 hotels with 5,914 rooms across 16 states and the District of Columbia.

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) has declared a preferred share dividend of $0.41406 per share, payable on October 17, 2022, to shareholders on record as of September 30, 2022. The company operates in the upscale and extended-stay hotel markets, owning 39 properties across 16 states and the District of Columbia, totaling 5,914 rooms/suites.

Chatham Lodging Trust (NYSE: CLDT) reported strong second-quarter 2022 results, achieving a net income of $9.3 million, a significant improvement from a $8.7 million loss in Q2 2021. RevPAR rose by 50% to $138, while average daily rate (ADR) increased 36% to $179. GOP margins improved to 49.2%, up from 43.1% last year. Adjusted EBITDA reached $31.1 million, up from $12.5 million. The company sold four hotels for approximately $80 million, enhancing its portfolio value. Overall, the results indicate a rebound in business travel and a strengthened financial position.

Chatham Lodging Trust (NYSE: CLDT) announced it will report second quarter 2022 financial results on August 3, 2022, before market opening. A conference call hosted by CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner is scheduled for 10:00 a.m. ET on the same day to review the financial results. Investors can access the call via Chatham’s website or by phone. Chatham Lodging Trust focuses on upscale, extended-stay hotels, owning 39 hotels with 5,914 rooms across 16 states and the District of Columbia.

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) has declared a preferred share dividend of $0.41406 per share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. The company, which operates upscale, extended-stay hotels and premium-branded, select-service hotels, owns a total of 39 hotels, providing 5,914 rooms across 16 states and the District of Columbia. Chatham Lodging Trust is a self-advised, publicly-traded REIT, focused on investing in high-quality lodging properties.

Chatham Lodging Trust (NYSE: CLDT) has completed the sale of four hotels, totaling 537 rooms, for approximately $80 million. This strategic move aims to enhance portfolio quality and increase liquidity for future growth, with the transactions yielding capitalization rates of about 2% and 6% on net operating income for 2021 and 2019, respectively. The hotels sold include properties in Massachusetts and Texas. CEO Jeffrey H. Fisher stated that these sales are a significant step in modernizing their hotel portfolio and improving their balance sheet.

Chatham Lodging Trust (CLDT) reported a 56% increase in RevPAR for Q1 2022, reaching $88, driven by a 36% rise in ADR to $146 and a 15% increase in occupancy to 60%. However, the company incurred a $9.7 million net loss compared to a net income of $2.7 million in Q1 2021. Adjusted EBITDA surged to $13.3 million, marking a notable recovery as travel demand rebounds post-COVID. The company opened a $71 million hotel and acquired another for $31 million, highlighting growth initiatives. Despite positive trends, concerns remain regarding ongoing debt and operational challenges.

Chatham Lodging Trust (NYSE: CLDT) will report its first quarter 2022 financial results on May 4, 2022, before market opening. The company, which owns 43 upscale and extended-stay hotels, will host a conference call at 10:00 a.m. ET on the same day. CEO Jeffrey H. Fisher, COO Dennis M. Craven, and CFO Jeremy Wegner will discuss the results. Interested parties can access the call via Chatham's website or by phone. A recording will be available until May 11, 2022.

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) announced a preferred share dividend of $0.41406 per share, payable on April 18, 2022, to shareholders on record as of March 31, 2022. This dividend declaration reflects the company's ongoing commitment to return value to shareholders. Chatham Lodging operates 43 hotels across 16 states and the District of Columbia, focusing on upscale, extended-stay, and select-service hotels.