Benzinga | Oct 29, 2020 07:47AM EDT

Chatham Lodging: Q3 Earnings Insights



Shares of Chatham Lodging (NYSE:CLDT) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 115.00% over the past year to ($0.09), which may not compare to the estimate of ($0.56).

Revenue of $34,969,000 decreased by 61.18% from the same period last year, which beat the estimate of $32,950,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 29, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nut3w6t2

Price Action

52-week high: $18.63

Company's 52-week low was at $3.44

Price action over last quarter: Up 15.99%

Company Description

Chatham Lodging Trust is a U.S.-based real estate investment trust that invests in upscale extended-stay hotels. The firm operates across various states in the U.S., including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania among others. Substantially all of the company's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. Chatham Lodging LP and its subsidiaries lease the overall company's hotels. The firm operates through a single segment because of the similar economic characteristics of its hotels. Chatham's revenue streams include Room, Food and beverage, and Other. Room comprises the majority of total revenue. Chatham's hotels operate under major brands, including Hilton, Marriott, and Hyatt.