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Stock impact report

Chatham Lodging Trust Announces Second Quarter 2019 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
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 135 hotels wholly or through joint ventures, today announced results for the second quarter ended June 30, 2019. The company also updated its full-year guidance for 2019 and provided 2019 third quarter guidance.Second Quarter 2019 Key MetricsPortfolio Revenue per Available Room (RevPAR) - Declined 0.3 percent to $145, compared to the 2018 second quarter, for Chatham’s 38, comparable wholly owned hotels (excludes the Residence Inn Charleston Summerville which opened in August 2018 and the Courtyard Dallas Downtown which opened in September 2018). Average daily rate (ADR) declined 0.7 percent to $173, and occupancy rose 0.4 percent to 83.7 percent.Net Income - Declined $4.0 million to $9.5 million, compared to the 2018 second quarter, driven by the loss on the sale o Show less Read more
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