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    above average

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  • May 6, 2024

      Show headlines and story abstract
    • 6:34AM ET on Monday May 06, 2024 by MT Newswires
      Companies Mentioned: CLDT
      06:34 AM EDT, 05/06/2024 (MT Newswires) -- ...
    • 6:30AM ET on Monday May 06, 2024 by Business Wire
      Companies Mentioned: CLDT

      Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the first quarter ended March 31, 2024.

    • 6:30AM ET on Monday May 06, 2024 by Dow Jones
      Companies Mentioned: CLDT
      common share and unit holders $ 7,927 $ 7,866 =========== ========== Weighted average number of common shares and units Basic 50,589,012 50,181,826 Diluted 50,924,633 50,310,638 For the three months ended March 31, ------------------------------------ 2024 2023 ---------- --------- Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"): Net loss $ (5,484) $ (5,042) Interest expense, including amortization of deferred fees 7,307 6,438 Depreciation and amortization 15,255 14,258 ---------- --------- EBITDA 17,078 15,654 Loss on sale of hotel properties 152 -- ---------- --------- EBITDAre 17,230 15,654 Other charges 50 -- Loss on early extinguishment of debt -- 691 Share based compensation 1,604 1,452 ---------- --------- Adjusted EBITDA $ 18,884 $ 17,797 ========== ========= CHATHAM LODGING TRUST ADJUSTED HOTEL EBITDA (In thousands, except share and per share data) For the three months ended March 31, ------------------------------------ 2024 2023 ---------- --------- Net loss $ (5,484) $ (5,042) Interest expense, including amortization of deferred Add: fees 7,307 6,438 Depreciation and amortization 15,255 14,258 Corporate general and administrative 4,594 4,341 Other charges 50 -- Loss on early extinguishment of debt -- 691 Loss on sale of hotel properties 152 -- Less: Interest and other income (846) (20) ---------- --------- Adjusted Hotel EBITDA $ 21,028 $ 20,666 ========== =========
    • 6:30AM ET on Monday May 06, 2024 by Dow Jones
      Companies Mentioned: CLDT

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