Chatham Lodging Trust Management
Management criteria checks 3/4
Chatham Lodging Trust's CEO is Jeff Fisher, appointed in Oct 2009, has a tenure of 16.75 years. total yearly compensation is $5.22M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 1.82% of the company’s shares, worth $11.43M. The average tenure of the management team and the board of directors is 15.8 years and 8.5 years respectively.
Key information
Jeff Fisher
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 12.83% |
| CEO tenure | 16.8yrs |
| CEO ownership | 1.8% |
| Management average tenure | 15.8yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Chatham Lodging Trust: Strong Results, But Hotel REIT Sector Remains Risky
Summary Chatham Lodging Trust delivered strong Q1 2026 results, prompting a 15% increase in full-year guidance and a 45% surge in its common stock price. CLDT's asset yield is 6.95% with an asset coverage ratio of 280%, but its sector's cyclical nature heightens risk. Management's capital recycling — selling older hotels for higher-margin properties — has improved EBITDA margins from 27% to 42%. Despite attractive yields, credit analysis using Moody's methodology results in a Ba2 rating for CLDT and B1 for its preferred, leading to a "Hold" stance. Read the full article on Seeking Alpha
Urban Hotel Expansion Will Yield Opportunities Amid Tech Volatility
Concentration in growth markets and focus on premium extended-stay hotels drives stable revenue and margin expansion, benefiting from business travel trends.Chatham Lodging Trust: Near 8% From The Preferred Stock
Summary Chatham Lodging Trust offers a preferred stock with a near 8% yield, outperforming sector benchmarks by nearly 2%, presenting a compelling investment opportunity. CLDT's balance sheet shows a strong asset base with $1.2 billion in properties and a manageable debt level, enhancing its financial stability. Moody's credit score for CLDT suggests a Ba1 rating, but a deeper "only- balance-sheet" analysis indicates a Baa2 rating equivalent, highlighting its relative financial strength. Despite sector volatility, CLDT's stable revenue and controlled operating expenses make its preferred stock an attractive high-yield investment. Read the full article on Seeking AlphaChatham Lodging Trust: The 8% Preferred Shares Are In Bargain Territory Again
Summary Chatham Lodging Trust's Series A preferred shares are attractive due to strong dividend coverage and a robust balance sheet, now yielding nearly 8%. The REIT's AFFO comfortably covers preferred dividends, with $53.5M expected for FY 2024, ensuring financial stability even in weaker quarters. The balance sheet shows a net financial debt of $416M against $1.3B in assets, indicating a low LTV ratio and substantial equity cushion. I repurchased Chatham's preferred shares at around $20.50, confident in their risk/reward ratio but will monitor developments to maintain the investment thesis. Read the full article on Seeking AlphaChatham Lodging Trust: I Continue To Buy The 8.1% Preferred Yield
Summary Chatham Lodging Trust's financial performance for preferred shareholders remains robust, with a strong preferred dividend coverage ratio. The REIT's balance sheet shows low net debt compared to real estate assets, providing a substantial cushion for preferred equity. Series A preferred shares offer an attractive current yield of approximately 8.1%, making them an appealing income-focused investment in the current interest rate climate. Read the full article on Seeking AlphaChatham Lodging: Opportunity To Move In On 8% Yield
Summary Chatham Lodging Trust currently trades in value range despite solid operating fundamentals, and its preferred shares currently offer a 7.7% yield. CLDT focuses on upscale, extended-stay, and select-service hotels, achieving higher margins than its peers. CLDT has seen improving operating metrics, particularly in tech-driven markets, making it a good bargain for investors at the current price. Read the full article on Seeking AlphaChatham Lodging Trust: I Will Be Buying The 8.2% Yielding Preferred Shares
Summary Chatham Lodging Trust's financial performance in Q3 was as expected, with a decline due to tech companies cutting expenses. The company's adjusted FFO and AFFO calculations show that the preferred dividends are well covered. Chatham's balance sheet is healthy, with a low net debt ratio and a cushion of common equity to absorb any shocks. Read the full article on Seeking AlphaChatham Lodging Trust: Well-Managed REIT, But Expensive With A Low Yield
Summary Chatham Lodging Trust is a real estate investment trust specializing in upscale, extended-stay hotels. The company has shown resilience and adaptability in industry challenges and has prudent financial management. The U.S. hotel, resort, and cruise line industry is undergoing transformation, with CLDT consistently surpassing industry RevPAR growth for five consecutive quarters. Based on my valuation analysis, CLDT stock might be slightly overvalued, leading to a neutral rating recommendation. Read the full article on Seeking AlphaChatham Lodging Trust: The Preferred Shares Are Yielding 8.65%
Summary Chatham Lodging Trust is focusing on Extended Stay hotels. I expect a full-year AFFO of $1.15-1.20 per share. According to my calculations, an increase of the cost of debt to 8% would reduce the Chatham AFFO/share by less than $0.25. The dividend coverage ratio on the preferred shares is excellent, and I will likely initiate a position in the next few weeks. Read the full article on Seeking AlphaBeware Of The Risks Of Chatham Lodging Trust
Summary Chatham Lodging Trust has underperformed the Real Estate Select Sector SPDR Fund ETF this year, declining by 22%. Despite showing signs of recovery from the pandemic, the REIT's high debt load and low dividend yield make it unattractive to investors. The company's net interest expense has increased due to high interest rates, consuming 67% of its operating income. Although it's trading at a low forward price-to-FFO ratio, the likelihood of continued underperformance due to either a recession or persistently high inflation and interest rates makes it a risky investment. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$1m |
| Dec 31 2025 | US$5m | US$670k | US$7m |
| Sep 30 2025 | n/a | n/a | US$604k |
| Jun 30 2025 | n/a | n/a | US$1m |
| Mar 31 2025 | n/a | n/a | US$3m |
| Dec 31 2024 | US$5m | US$650k | -US$4m |
| Sep 30 2024 | n/a | n/a | -US$11m |
| Jun 30 2024 | n/a | n/a | -US$8m |
| Mar 31 2024 | n/a | n/a | -US$6m |
| Dec 31 2023 | US$5m | US$650k | -US$5m |
| Sep 30 2023 | n/a | n/a | US$2m |
| Jun 30 2023 | n/a | n/a | US$6m |
| Mar 31 2023 | n/a | n/a | US$6m |
| Dec 31 2022 | US$5m | US$650k | US$2m |
| Sep 30 2022 | n/a | n/a | -US$7m |
| Jun 30 2022 | n/a | n/a | -US$21m |
| Mar 31 2022 | n/a | n/a | -US$36m |
| Dec 31 2021 | US$5m | US$625k | -US$22m |
| Sep 30 2021 | n/a | n/a | -US$13m |
| Jun 30 2021 | n/a | n/a | -US$27m |
| Mar 31 2021 | n/a | n/a | -US$46m |
| Dec 31 2020 | US$4m | US$391k | -US$76m |
| Sep 30 2020 | n/a | n/a | -US$75m |
| Jun 30 2020 | n/a | n/a | -US$47m |
| Mar 31 2020 | n/a | n/a | -US$11m |
| Dec 31 2019 | US$5m | US$625k | US$18m |
Compensation vs Market: Jeff's total compensation ($USD5.22M) is above average for companies of similar size in the US market ($USD3.54M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Fisher (71 yo)
Mr. Jeffrey H. Fisher, also known as Jeff, has been the Chief Executive Officer, President and Chairman of Chatham Lodging Trust since October 2009. Mr. Fisher serves as the Chief Executive Officer and Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.8yrs | US$5.22m | 1.82% $ 11.4m | |
| Senior VP & CFO | 11.1yrs | US$1.69m | 0.019% $ 120.7k | |
| Executive VP & COO | 15.8yrs | US$2.65m | 0.24% $ 1.5m | |
| Senior VP | no data | no data | no data |
Experienced Management: CLDT's management team is seasoned and experienced (15.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.8yrs | US$5.22m | 1.82% $ 11.4m | |
| Independent Trustee | 16.3yrs | US$135.00k | 0.15% $ 945.5k | |
| Independent Trustee | 7.6yrs | US$169.69k | 0.11% $ 671.2k | |
| Independent Trustee | 4.9yrs | US$154.69k | 0.10% $ 633.5k | |
| Independent Trustee | 9.5yrs | US$162.50k | 0.13% $ 843.7k | |
| Independent Trustee | 4.9yrs | US$147.50k | 0.079% $ 499.0k |
Experienced Board: CLDT's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/04 11:12 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Chatham Lodging Trust is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| Felicia Kantor Hendrix | Barclays |
| John Kim | BMO Capital Markets Equity Research |