Chatham Lodging Trust (CLDT) Misses Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY19 EPS/Revenue Guidance Below Consensus
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Chatham Lodging Trust Announces Fourth Quarter 2018 Results
February 25, 2019 6:30 AM ESTCompany Significantly Beats AFFO Guidance, Introduces 2019 Guidance
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 137 hotels wholly or through joint ventures, today announced results for the fourth quarter ended December 31, 2018. The company also provided initial guidance for 2019.
On January 10, 2019, the company updated its fourth quarter guidance with respect to room revenue, revenue per available room (RevPAR) and RevPAR growth. The following chart compares actual 2018 fourth quarter results to the updated guidance:
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