$CLDT

Chatham Lodging Trust

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Earnings call transcript: Chatham Lodging Trust Q1 2026 sees strong revenue but EPS miss

Chatham Lodging Trust reported strong Q1 2026 revenue of $67.5 million, surpassing forecasts by 3.2%, but missed EPS expectations with -$0.13 against a predicted -$0.07. Despite the EPS miss, the stock surged 12.54% pre-market, driven by a strategic acquisition of six Hilton-branded hotels and an upward revision of full-year guidance by 15%. The company also highlighted significant RevPAR growth in Silicon Valley and strong free cash flow used for share repurchases.

Chatham Lodging Announces First Quarter 2026 Results

Chatham Lodging Trust announced strong results for the first quarter ended March 31, 2026, including a 1% increase in RevPAR for comparable hotels and significant growth in Adjusted FFO per diluted share. The company raised its guidance by 15% following an accretive acquisition of six Hilton-branded hotels, share repurchases, and improved operating margins. Despite a net loss, Chatham emphasizes aggressive share repurchases to enhance shareholder returns and discusses its strategic investments and capital structure.

Chatham Lodging Trust (REIT) (NYSE:CLDT) Sees Significant Increase in Short Interest

Chatham Lodging Trust (NYSE:CLDT) experienced a significant 33.0% increase in short interest in March, reaching 912,080 shares, representing 2.1% of its shares. Despite missing quarterly EPS estimates, the REIT raised its quarterly dividend to $0.10, yielding 4.6%. Institutional ownership is notably high at 88.37%, with several major funds recently increasing their stakes in the company.