Chatham Lodging Trust Past Earnings Performance
Past criteria checks 1/6
Chatham Lodging Trust has been growing earnings at an average annual rate of 59.4%, while the Hotel and Resort REITs industry saw earnings growing at 54.3% annually. Revenues have been growing at an average rate of 11.7% per year. Chatham Lodging Trust's return on equity is 1.2%, and it has net margins of 0.4%.
Key information
59.44%
Earnings growth rate
59.99%
EPS growth rate
| Hotel and Resort REITs Industry Growth | -8.64% |
| Revenue growth rate | 11.68% |
| Return on equity | 1.21% |
| Net Margin | 0.36% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Chatham Lodging Trust: Why I Am Still Buying The High-Yielding Preferred Stock
Summary Chatham Lodging Trust's preferred shares offer an 8.3% yield, underpinned by robust FFO coverage and a strong balance sheet. CLDT's preferred dividends require less than 15% of pre-distribution adjusted FFO, with this ratio expected to improve as acquisitions contribute. The recent $92M acquisition of six Hilton-branded hotels at a 10% cap rate is not yet reflected in 2026 guidance, providing potential upside. I maintain an overweight position in CLDT.PR.A, viewing the market's risk perception as overly pessimistic given strong free cash flow and dividend safety. 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 AlphaRevenue & Expenses Breakdown
How Chatham Lodging Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 293 | 1 | 55 | 0 |
| 31 Dec 25 | 294 | 7 | 55 | 0 |
| 30 Sep 25 | 301 | 1 | 56 | 0 |
| 30 Jun 25 | 310 | 1 | 57 | 0 |
| 31 Mar 25 | 316 | 3 | 58 | 0 |
| 31 Dec 24 | 316 | -4 | 58 | 0 |
| 30 Sep 24 | 313 | -11 | 58 | 0 |
| 30 Jun 24 | 313 | -8 | 57 | 0 |
| 31 Mar 24 | 311 | -6 | 57 | 0 |
| 31 Dec 23 | 310 | -5 | 57 | 0 |
| 30 Sep 23 | 308 | 2 | 56 | 0 |
| 30 Jun 23 | 309 | 6 | 56 | 0 |
| 31 Mar 23 | 306 | 6 | 55 | 0 |
| 31 Dec 22 | 294 | 2 | 53 | 0 |
| 30 Sep 22 | 281 | -7 | 51 | 0 |
| 30 Jun 22 | 257 | -21 | 49 | 0 |
| 31 Mar 22 | 225 | -36 | 47 | 0 |
| 31 Dec 21 | 201 | -22 | 44 | 0 |
| 30 Sep 21 | 171 | -13 | 42 | 0 |
| 30 Jun 21 | 140 | -27 | 38 | 0 |
| 31 Mar 21 | 108 | -46 | 34 | 0 |
| 31 Dec 20 | 132 | -76 | 35 | 0 |
| 30 Sep 20 | 175 | -75 | 38 | 0 |
| 30 Jun 20 | 227 | -47 | 42 | 0 |
| 31 Mar 20 | 297 | -11 | 47 | 0 |
| 31 Dec 19 | 315 | 18 | 49 | 0 |
| 30 Sep 19 | 318 | 21 | 48 | 0 |
| 30 Jun 19 | 320 | 25 | 49 | 0 |
| 31 Mar 19 | 318 | 29 | 49 | 0 |
| 31 Dec 18 | 316 | 30 | 49 | 0 |
| 30 Sep 18 | 311 | 36 | 49 | 0 |
| 30 Jun 18 | 305 | 36 | 47 | 0 |
| 31 Mar 18 | 299 | 27 | 46 | 0 |
| 31 Dec 17 | 296 | 29 | 45 | 0 |
| 30 Sep 17 | 292 | 26 | 43 | 0 |
| 30 Jun 17 | 291 | 25 | 42 | 0 |
| 31 Mar 17 | 290 | 33 | 42 | 0 |
| 31 Dec 16 | 290 | 31 | 42 | 0 |
| 30 Sep 16 | 291 | 33 | 43 | 0 |
| 30 Jun 16 | 289 | 34 | 43 | 0 |
| 31 Mar 16 | 284 | 35 | 41 | 0 |
| 31 Dec 15 | 275 | 33 | 41 | 0 |
| 30 Sep 15 | 259 | 23 | 38 | 0 |
| 30 Jun 15 | 241 | 17 | 37 | 0 |
Quality Earnings: CLDT has a large one-off gain of $7.2M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: CLDT's current net profit margins (0.4%) are lower than last year (0.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CLDT has become profitable over the past 5 years, growing earnings by 59.4% per year.
Accelerating Growth: CLDT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLDT had negative earnings growth (-62.8%) over the past year, making it difficult to compare to the Hotel and Resort REITs industry average (15.7%).
Return on Equity
High ROE: CLDT's Return on Equity (1.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/22 12:57 |
| End of Day Share Price | 2026/06/18 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
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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 |