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Chatham Lodging (CLDT)
NYSE:CLDT
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.14Last Year’s EPS
-$0.23Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 6.78%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong liquidity and debt management, robust RevPAR growth in key markets, and effective expense management. However, the call also highlighted challenges such as rising benefit and insurance costs, as well as disruptions due to renovations in some properties.Company Guidance
During the Chatham Lodging Trust Q3 2024 earnings call, the company highlighted several key metrics and strategic initiatives. They announced the sale of five hotels, expected to bring in approximately $80 million, which will be used to pay down debt and invest in new properties to boost EBITDA and FFO. Chatham reported RevPAR growth of 2.1%, surpassing the industry average of 0.9%, with third-quarter RevPAR reaching $150, exceeding pre-pandemic levels for the second consecutive quarter. They also noted strong performance in their Silicon Valley and Bellevue tech-driven hotels, with RevPAR growth of 8% in Q3 and 14% in October. The company maintained a robust liquidity position with only $30 million of debt maturing in the next year, and a significant portion of their debt is floating rate, allowing them to benefit from potential interest rate declines, with an estimated FFO increase of $2.6 million or $0.05 per share for every 100 basis points drop in SOFR. Overall, Chatham is optimistic about future margin improvements and growth opportunities, driven by moderating wage pressures and strategic asset recycling.Strong Liquidity and Debt Management
Chatham Lodging Trust achieved the lowest leverage levels in over a decade, with only $30 million of debt maturing over the next year and $135 million available under the revolving credit facility.
Robust RevPAR Growth in Key Markets
RevPAR growth of 2.1% exceeded industry growth of 0.9%. In Silicon Valley and Bellevue, RevPAR grew 8% in the quarter and 14% in October.
Positive EBITDA and FFO Performance
EBITDA and FFO were near the top of the guidance range, with GOP margins at 44.5% and hotel EBITDA margins at 37.1%.
Promising Developments in Tech-Driven Markets
Sunnyvale was selected for the CHIPS for America design and collaboration facility, and Applied Materials acquired a new site, enhancing demand dynamics in the area.
Improvement in Expense Management
Operating expenses were at the lower end of expectations, with moderating labor costs and a 3% year-over-year wage increase, below the last 5-year trend.
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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 |
|---|---|---|---|
| Nov 07, 2024 | $8.41 | $9.14 | +8.68% |
| Aug 02, 2024 | $8.60 | $8.53 | -0.81% |
| May 06, 2024 | $9.03 | $8.87 | -1.77% |
| Feb 27, 2024 | $10.02 | $9.76 | -2.59% |
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 (CLDT) report earnings?
Chatham Lodging (CLDT) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Chatham Lodging (CLDT) earnings time?
Chatham Lodging (CLDT) earnings time is at Mar 04, 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 2024 (Q4) is -$0.14.
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