Chatham Lodging (CLDT) Beats Q1 FFO and Revenue Estimates

Chatham Lodging shares have lost about 21.7% since the beginning of the year versus the S&P 500's decline of -3.9%. Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.14 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 7.69%. A quarter ago, it was expected that this real estate investment trust would post ...