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Chatham Lodging Trust (CLDT)
:CLDT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -10.76%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong RevPAR growth, improved operating margins, successful asset sales, and significant debt reduction, contributing to a positive outlook. However, challenges such as the decline in the Dallas market, softening leisure travel, and increased payroll-related costs were noted. Overall, the positive achievements outweighed the lowlights, pointing toward a robust financial position and future growth prospects.Company Guidance
During the Chatham Lodging Trust Fourth Quarter 2024 financial results call, the company outlined several key metrics and achievements for the year. RevPAR growth was strong at 3%, beating industry performance for three consecutive years and culminating in a 4% rise in the fourth quarter alone. Operating margins expanded by 150 basis points, driven by moderating labor and benefit costs. The company successfully sold or is under contract to sell six older hotels with a RevPAR of $98, for net proceeds of $101 million at a 6% capitalization rate. This contributed to a reduction in net debt by $29 million in 2024, following a $26 million reduction in 2023, bringing the leverage ratio down to 23% from 25% the previous year and from nearly 35% in 2019. Chatham Lodging Trust also achieved a GRESB score of 83, earning four out of five stars, and returned $22 million in dividends to shareholders. Looking ahead, the company anticipates RevPAR growth of 1% to 3.5% for 2025, with adjusted EBITDA projected between $92 million to $97 million and a focus on reinvesting sale proceeds into higher-yielding assets.Strong RevPAR Growth
Achieved a RevPAR growth of 4% in the fourth quarter, beating industry performance. Silicon Valley hotels experienced a 14% increase in RevPAR, showcasing strong demand in tech markets.
Improved Operating Margins
Operating margins increased by 150 basis points to 41%, the highest fourth quarter operating margins in three years, due to effective expense control and moderating labor costs.
Successful Asset Sales and Debt Reduction
Sold or under contract to sell six hotels for $101 million, reducing net debt by $29 million in 2024. Overall leverage ratio reduced to 23% from 25% a year ago, down from 35% in 2019.
GRESB Recognition
Participated in the Global Real Estate Sustainability Benchmark, achieving a score of 83 and earning four out of five GRESB stars, demonstrating commitment to sustainability.
Dividend Returns
Returned $22 million in dividends to preferred common shareholders, indicating strong cash flow management and shareholder returns.
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CLDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $7.99 | $8.14 | +1.88% |
| Nov 07, 2024 | $8.24 | $8.96 | +8.74% |
| Aug 02, 2024 | $8.43 | $8.36 | -0.83% |
| May 06, 2024 | $8.85 | $8.69 | -1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chatham Lodging Trust (CLDT) report earnings?
Chatham Lodging Trust (CLDT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Chatham Lodging Trust (CLDT) earnings time?
Chatham Lodging Trust (CLDT) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLDT EPS forecast?
CLDT EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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