Chatham Lodging Trust (CLDT) Misses Q1 EPS by 1c, provides guidance

Chatham Lodging Trust (NYSE: CLDT) reported Q1 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $68.44 million versus the consensus estimate of $68.11 million.

2024 Second Quarter Guidance

The company’s 2024 second quarter guidance reflects the following assumptions:

1. No renovations.
2. Repayment of the $29 million maturing mortgage during April on the Anaheim Residence Inn using available cash.
3. $50 million of incremental borrowings on Chatham\'s term loan on May 3, 2024.
4. $60 million of CMBS debt issuance during the second half of May
5. No additional acquisitions, dispositions, debt or equity issuance

Adjusted EBITDA: $28.7- $30.4 million.

Adjusted FFO: $16.8-$18.5 million.

Adjusted FFO per diluted share: $0.33-$0.36

For earnings history and earnings-related data on Chatham Lodging Trust (CLDT) click here.

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