Chatham Lodging (CLDT) Q2 FFO and Revenues Top Estimates

Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 8.33%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.13 per share when it actually produced FFO of $0.16, delivering a surprise of 23.08%. Over the last four q ...