Chatham Lodging Trust (CLDT) Tops Q1 EPS by 54c

Chatham Lodging Trust (NYSE: CLDT) reported Q1 EPS of $0.06, $0.54 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $32.14 million versus the consensus estimate of $32.41 million.

“We deeply understand our responsibility to protect long-term value for our equity holders,” commented Jeremy Wegner, Chatham’s chief financial officer. “With the sale of the hotel in late 2020, as well as proceeds from the sale of the joint venture and share issuance, we have further solidified our financial position.”

2021 Guidance

Due to uncertainty surrounding the impact of the pandemic on the hotel industry, the company is not providing guidance at this time.

For earnings history and earnings-related data on Chatham Lodging Trust (CLDT) click here.

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