Chatham Lodging (CLDT) Q3 FFO Meet Estimates

Financial Performance - Chatham Lodging reported quarterly funds from operations (FFO) of $0.35 per share, matching the Zacks Consensus Estimate, but down from $0.40 per share a year ago [1] - The company posted revenues of $87.18 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.52%, compared to $86.74 million in the same quarter last year [2] - Over the last four quarters, Chatham Lodging has surpassed consensus FFO estimates three times and topped consensus revenue estimates two times [2][3] Market Performance - Chatham Lodging shares have declined approximately 21.6% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.17 on revenues of $73.86 million, and for the current fiscal year, it is $1.07 on revenues of $316.45 million [7] - The outlook for the industry, particularly the REIT and Equity Trust - Other sector, is currently in the top 29% of Zacks industries, suggesting a favorable environment for performance [8]