Chatham Lodging Trust Announces First Quarter 2024 Results [Yahoo! Finance]
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
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Source: Yahoo! Finance
WEST PALM BEACH, Fla., May 06, 2024 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, today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Operating Results Portfolio Revenue Per Available Room (RevPAR) – Increased 2 percent to $120 compared to the 2023 first quarter. Average daily rate (ADR) accelerated 1 percent to $171, and occupancy jumped 1 percent to 70 percent for the 38 hotels owned as of March 31, 2024. RevPAR for the Silicon Valley and Bellevue hotels was up 17 percent over the 2023 first quarter. April 2024 RevPAR was up 5 percent over 2023 for the entire portfolio. Net Income / (Loss) – Net loss of $5.5 million compared to net loss of $5.0 million in the 2023 first quarter. Net loss per diluted common share was $0.15 versus $0.14 during the 2023 first quarter. Hotel EBITDA Margin – Generate
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News
- Chatham Lodging Trust (NYSE:CLDT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Chatham Lodging (CLDT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Chatham Lodging Trust Announces First Quarter 2024 ResultsBusiness Wire
- Chatham Lodging Trust (NYSE: CLDT) had its price target lowered by analysts at Barclays PLC from $13.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Chatham Lodging Trust Announces First Quarter 2024 Earnings Call to be Held on Monday, May 6, 2024Business Wire
CLDT
Earnings
- 5/6/24 - Beat
CLDT
Sec Filings
- 5/15/24 - Form 8-K
- 5/7/24 - Form EFFECT
- 5/6/24 - Form S-3/A
- CLDT's page on the SEC website