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Stock impact report

Chatham Lodging Trust Announces Third Quarter 2018 Results

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest (CLDT) 
Last chatham lodging trust (reit) common shares of beneficial interest earnings: 2/26 06:30 am Check Earnings Report
Company Research Source: Business Wire
RevPAR Growth Stronger than Expected, 2018 Guidance Mid-Point Raised 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 136 hotels wholly or through joint ventures, today announced results for the third quarter ended September 30, 2018. The company also provided updated guidance for 2018. Third Quarter 2018 Key Metrics Portfolio Revenue per Available Room (RevPAR) - Increased 1.1 percent to $147, compared to the 2017 third quarter, for Chatham’s 40, comparable wholly owned hotels (excludes the Residence Inn Charleston Summerville which opened in August 2018). Average daily rate (ADR) declined 1.0 percent to $171, while occupancy rose 2.3 percent to 86 percent. Net Income - Improved $0.2 Show less Read more
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