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Last $28.08 USD
Change Today -0.30 / -1.06%
Volume 122.4K
CLDT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

chatham lodging trust (CLDT) Snapshot

Open
$28.37
Previous Close
$28.38
Day High
$28.46
Day Low
$28.07
52 Week High
01/29/15 - $31.60
52 Week Low
07/23/14 - $20.61
Market Cap
1.1B
Average Volume 10 Days
177.8K
EPS TTM
$2.63
Shares Outstanding
38.3M
EX-Date
05/27/15
P/E TM
10.7x
Dividend
$1.20
Dividend Yield
3.70%
Current Stock Chart for CHATHAM LODGING TRUST (CLDT)

chatham lodging trust (CLDT) Related Businessweek News

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chatham lodging trust (CLDT) Details

Chatham Lodging Trust is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio. Chatham Lodging Trust was founded on October 26, 2009 and is based in Palm Beach, Florida.

45 Employees
Last Reported Date: 03/16/15
Founded in 2009

chatham lodging trust (CLDT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.5M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $735.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2014.

chatham lodging trust (CLDT) Key Developments

Chatham Lodging Trust Declares Monthly Dividend, Payable on June 26, 2015

Chatham Lodging Trust announced that its board of trustees has declared a monthly common share dividend of $0.10 for May 2015. The common dividend is payable June 26, 2015, to shareholders of record on May 29, 2015.

Chatham Lodging Trust Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Chatham Lodging Trust announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $58,916,000 against $36,866,000 a year ago. Operating income was $8,429,000 against $2,496,000 a year ago. Income before income tax expense was $1,419,000 against loss before income tax expense of $1,729,000 a year ago. Net income attributable to common shareholders was $1,411,000 or $0.04 basic and diluted per share against net loss attributable to common shareholders of $1,732,000 or $0.07 basic and diluted per share a year ago. FFO attributable to common shareholders was $14,700,000 against $5,762,000 a year ago. Adjusted FFO was $14,972,000 or $0.40 diluted per share against $7,430,000 or $0.28 diluted per share a year ago. EBITDA was $23,410,000 against $10,949,000 a year ago. Adjusted EBITDA was $24,410,000 against $13,203,000 a year ago. Net debt was approximately $510 million at the end of the quarter comprised of debt of $527 million offset by approximately $17 million of available cash. The company provided earnings guidance for the second quarter and full year of 2015. For the quarter, the company expects total hotel revenue in the range of $70.8 million to $72.3 million, net income in the range of $12.8 million to $14.5 million, net income per diluted share in the range of $0.33 to $0.38, adjusted EBITDA in the range of $36.0 million to $37.7 million, adjusted funds from operation in the range of $26.6 million to $28.3 million, adjusted FFO per diluted share in the range of $0.69 to $0.74 and interest expense of $6.3 million. For the full year, the company expects total hotel revenue in the range of $265.5 million to $269.5 million, net income in the range of $33.0 million to $37.6 million, net income per diluted share in the range of $0.86 to $0.97, adjusted EBITDA in the range of $126.4 million to $131.1 million, adjusted funds from operation in the range of $88.7 million to $93.4 million, adjusted FFO per diluted share in the range of $2.33 to $2.46 and interest expense of $8.6 million. From a cash flow perspective, capital expenditures are still expected to be about $17 million in 2015.

Chatham Lodging Mulls Acquisitions

Chatham Lodging Trust (NYSE:CLDT) is looking for acquisitions. Chatham's Chairman, President and Chief Executive Officer, Jeffrey H. Fisher said, “Our partnership with NorthStar is strong, we share similar outlooks on the lodging industry, and we continue to look at growth opportunities with them. Sourcing acquisitions through our partnership with NorthStar remains a key facet to our growth in 2015.”

 

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