Recap: Chatham Lodging Q2 Earnings

Shares of Chatham Lodging CLDT decreased 2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 144.83% year over year to ($0.26), which beat the estimate of ($0.76).

Revenue of $20,173,000 declined by 77.04% from the same period last year, which beat the estimate of $19,540,000.

Guidance

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

Chatham Lodging hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 05, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/f6dqi5np

Price Action

Company's 52-week high was at $18.63

52-week low: $3.44

Price action over last quarter: down 1.82%

Company Profile

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.