Chatham Lodging Trust (CLDT) Misses Q2 FFO by 2c

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Chatham Lodging Trust Announces Second Quarter 2016 Results

August 3, 2016 6:45 AM EDT

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 133 hotels wholly or through joint ventures, today announced results for the second quarter ended June 30, 2016. In addition, the company updated its guidance for 2016.

Second Quarter 2016 Highlights

Net Income - Declined $0.5 million to $12.3 million. Net income per diluted share was $0.31, slightly below the companys guidance range of $0.32-$0.34 per share. Portfolio... More