Chatham Lodging Trust (REIT) Co (NYSE:CLDT) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Chatham Lodging Trust (REIT) Co Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.63% to $0.48 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 16.62% to $30.74 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chatham Lodging Trust (REIT) Co reported adjusted EPS income of $0.48 per share. By that measure, the company met the mean analyst estimate of $0.48. It beat the average revenue estimate of $29.91 million.
Quoting Management: “Our portfolio continues to produce solid results as we execute our strategic growth initiatives, enhance earnings growth and build long-term value for our shareholders by selectively investing in hotels in quality markets at the right prices, making timely improvements and building strong operating results through aggressive asset management,” said Jeffrey H. Fisher, Chatham’s president and CEO. “This allows us to produce meaningful cash flow and reward our shareholders with one of the strongest dividends in the industry.”
Key Stats (on next page)…