Chatham Lodging Trust (CLDT) Reports Q1 EPS of $0.03, Revenues Miss; Offers Q2 & FY19 EPS/Revenue Mid-Point Below Consensus

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Go back to Chatham Lodging Trust (CLDT) Reports Q1 EPS of $0.03, Revenues Miss; Offers Q2 & FY19 EPS/Revenue Mid-Point Below Consensus

Chatham Lodging Trust Announces First Quarter 2019 Results

May 1, 2019 6:30 AM EDT

Company Beats AFFO Guidance, RevPAR In-Line, Raises 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 first quarter ended March 31, 2019. The company also updated its full-year guidance for 2019 and provided 2019 second quarter guidance.

First Quarter 2019 Key Metrics

Portfolio Revenue per Available Room (RevPAR) - Declined 1.0 percent to $121, compared to the 2018... More