Chatham Lodging Trust (NYSE:CLDT) Q1 2024 Earnings Call Transcript May 6, 2024 10:30 AM ET Company Participants Chris Daly - DG Public Relations Jeffrey Fisher - Chairman, President, CEO Dennis Craven - EVP & COO Jeremy Wegner - CFO & SVP Conference Call Participants Ari Klein - BMO Capital Markets Bryan Maher - B Riley Securities Operator Greetings. Welcome to Chatham Lodging Trust First Quarter 2024 Financial Results. At this time, all participants are in listen-only mode. A question-and-answer session wi ...

For the quarter ended March 2024, Chatham Lodging (CLDT) reported revenue of $68.44 million, up 1.2% over the same period last year. EPS came in at $0.16, compared to -$0.14 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $68.79 million, representing a surprise of -0.50%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Chatham Lodging Trust Announces First Quarter 2024 Results • Portfolio Revenue Per Available Room (RevPAR) – Increased 2 percent to $120 compared to the 2023 first quarter. Average daily rate (ADR) accelerated 1 percent to $171, and occupancy jumped 1 percent to 70 percent for the 38 hotels owned as of March 31, 2024. ◦ RevPAR for the Silicon Valley and Bellevue hotels was up 17 percent over the 2023 first quarter. ◦ April 2024 RevPAR was up 5 percent over 2023 for the entire portfolio. • Net Income / (Loss ...

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 23.08%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.15 per share when it actually produced FFO of $0.19, delivering a surprise of 26.67%.Over the last four qu ...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 38 hotels, today announced that its board of trustees declared a quarterly common share dividend of $0.07 per common share, as well as a quarterly preferred share dividend of $0.41406 per preferred share, payable on April 15, 2024, to shareholders of record as of March 28, 2024. About Chath ...

Chatham Lodging Trust (NYSE:CLDT) Q4 2023 Earnings Conference Call February 27, 2024 11:00 AM ET Company Participants Chris Daly - DG Public Relations Jeffrey Fisher - Chairman, President, CEO Jeremy Wegner - CFO & SVP Dennis Craven - EVP & COO Conference Call Participants Anthony Powell - Barclays Capital Operator Greetings, welcome to Chatham Lodging Trust Fourth Quarter 2023 Financial Results Conference Call. [Operator Instructions]. Please note this conference is being recorded. I will now turn the call ...

Chatham Lodging (CLDT) reported $72.28 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.8%. EPS of $0.19 for the same period compares to -$0.08 a year ago.The reported revenue represents a surprise of +2.59% over the Zacks Consensus Estimate of $70.46 million. With the consensus EPS estimate being $0.15, the EPS surprise was +26.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.19 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 26.67%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.38 per share when it actually produced FFO of $0.40, delivering a surprise of 5.26%.Over the last four qua ...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium-branded select-service hotels, today announced that its Board of Trustees has selected May 15, 2024 at 10:00 a.m. EDT as the date and time for the company’s 2024 annual meeting of shareholders. The meeting will be held at the company’s corporate offices located at 222 Lakeview Avenue, Suite 200, West Palm Beach, Fla., 33401. ...

Chatham Lodging Trust Announces Fourth Quarter 2023 Results WEST PALM BEACH, Fla., February 27, 2024—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the fourth quarter ended December 31, 2023. Fourth Quarter 2023 Key Items • Portfolio Revenue Per Available Room (RevPAR) – Increased 2.5 percent to $121 compared to the 2022 fourth quarter. Average daily rate ( ...