Chatham Lodging Trust Announces Third Quarter 2018 Results

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Go back to Chatham Lodging Trust Announces Third Quarter 2018 Results

Chatham Lodging Trust (CLDT) Tops Q3 EPS by 2c; Revenues Beat; Offers Updated FY18 Revenue Guidance Below Consensus

October 31, 2018 6:51 AM EDT

Chatham Lodging Trust (NYSE: CLDT) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $90.23 million versus the consensus estimate of $87.59 million.

Portfolio Revenue per Available Room (RevPAR) - Increased 1.1 percent to $147, compared to the 2017 third quarter, for Chathams 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,... More