Chatham Lodging Trust (N:CLDT)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 222 Lakeview Ave Ste 200
PALM BEACH FL 33480
Tel: N/A
Website: https://chathamlodgingtrust.com
IR: See website
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Key People
Jeffrey H. Fisher
Chairman of the Board of Trustees, President, Chief Executive Officer
Jeremy Bruce Wegner
Chief Financial Officer, Senior Vice President
Dennis M. Craven
Chief Operating Officer, Executive Vice President
Business Overview
Chatham Lodging Trust is a real estate investment trust (REIT). The Company is focused primarily on investing in upscale, extended-stay hotels and premium branded, select-service hotels. All of the Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owns approximately 38 hotels totaling 5,735 rooms/suites in 16 states and the District of Columbia. The Company invests in premium select-service hotels, such as Courtyard by Marriott, Hampton Inn, Hampton Inn and Suites by Hilton, Hyatt Place and Hilton Garden Inn by Hilton. The service and amenity offerings of these hotels typically include complimentary breakfast and evening hospitality hour, high-speed Internet access, in-room movie channels, limited meeting space, linen and room cleaning service, 24-hour front desk, guest grocery services, and an on-site maintenance staff.
Financial Overview
For the fiscal year ended 31 December 2023, Chatham Lodging Trust revenues increased 6% to $311.1M. Net loss applicable to common stockholders totaled $5.3M vs. income of $1.9M. Revenues reflect Occupancy - %-Owned increase of 4% to 74.3%, Average Daily Room Rate (ADR)-Owned increase of 3% to $178, Room increase of 5% to $285M, Other Operating increase of 20% to $16.7M. Net loss reflects Impairment loss increase from $0K to $4.3M (expense).
Employees: 17 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $874.72M as of Dec 31, 2023
Annual revenue (TTM): $311.11M as of Dec 31, 2023
EBITDA (TTM): $93.42M as of Dec 31, 2023
Net annual income (TTM): -$5.31M as of Dec 31, 2023
Free cash flow (TTM): $26.17M as of Dec 31, 2023
Net Debt Last Fiscal Year: $415.95M as of Dec 31, 2023
Shares outstanding: 48,904,639 as of Mar 18, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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