NYSE : CLDT
Chatham Lodging Trust — Financial statements
Real Estate · REIT - Hotel & Motel · United States
Last price 14.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 721.04M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 275.24M | 269.21M | 290.29M | 285.00M | 272.26M | 187.37M |
| Other Revenue | 25.14M | 24.79M | 25.81M | 24.83M | 21.26M | 13.64M |
| Total Revenue | 300.38M | 294.00M | 316.10M | 309.83M | 293.53M | 201.01M |
| Property Expenses | 156.42M | 156.14M | 168.47M | 162.49M | 149.04M | 117.47M |
| Selling, General & Administrative | 52.91M | 51.58M | 54.80M | 53.92M | 50.27M | 41.40M |
| Depreciation & Amortization | 59.83M | 59.75M | 60.74M | 58.25M | 59.35M | 54.22M |
| Other Operating Expenses | 502.00K | 27.00K | 327.00K | 2.30M | 684.00K | 711.00K |
| Total Operating Expenses | 269.66M | 267.49M | 284.34M | 276.96M | 259.34M | 213.80M |
| Operating Income | 30.72M | 26.51M | 31.76M | 32.86M | 34.19M | -12.78M |
| Interest Expense | -25.50M | -25.66M | -30.88M | -27.13M | -26.45M | -24.46M |
| Interest & Investment Income | 251.00K | 270.00K | 1.71M | 1.53M | 10.00K | 243.00K |
| EBT Excluding Unusual Items | 5.47M | 1.12M | 2.60M | 7.27M | 7.74M | -37.00M |
| Gain (Loss) on Sale of Investments | 23.82M | |||||
| Gain (Loss) on Sale of Assets | 7.03M | 14.37M | 5.71M | 18.00K | 2.27M | -21.00K |
| Asset Writedown | -4.26M | -4.27M | -5.64M | |||
| Other Unusual Items | -174.00K | -174.00K | -17.00K | -532.00K | -138.00K | |
| Pretax Income | 12.33M | 15.31M | 4.04M | 2.49M | 9.87M | -18.84M |
| Income Tax Expense | 125.00K | |||||
| Earnings From Continuing Operations | 12.20M | 15.31M | 4.04M | 2.49M | 9.87M | -18.84M |
| Minority Interest in Earnings | -157.00K | -260.00K | 131.00K | 156.00K | -66.00K | 435.00K |
| Net Income | 12.05M | 15.05M | 4.17M | 2.64M | 9.80M | -18.41M |
| Preferred Dividends & Other Adjustments | 8.17M | 8.15M | 8.08M | 8.06M | 7.97M | 3.98M |
| Net Income to Common | 3.87M | 6.91M | -3.91M | -5.42M | 1.83M | -22.39M |
| Basic Shares Outstanding | 47.77M | 48.79M | 48.90M | 48.85M | 48.80M | 48.35M |
| Diluted Shares Outstanding | 48.47M | 49.99M | 48.90M | 48.85M | 49.06M | 48.35M |
| EPS (Basic) | 0.08 | 0.14 | -0.08 | -0.11 | 0.04 | -0.46 |
| EPS (Diluted) | 0.08 | 0.14 | -0.08 | -0.11 | 0.04 | -0.46 |
| Dividend Per Share | 0.38 | 0.36 | 0.28 | 0.28 | 0.07 | |
| Operating Margin | 10.23% | 9.02% | 10.05% | 10.61% | 11.65% | -6.36% |
| Profit Margin | 1.29% | 2.35% | -1.24% | -1.75% | 0.62% | -11.14% |
| EBITDA | 90.33M | 86.06M | 92.29M | 90.90M | 93.31M | 41.18M |
| EBITDA Margin | 30.07% | 29.27% | 29.20% | 29.34% | 31.79% | 20.49% |
| D&A For Ebitda | 59.61M | 59.55M | 60.52M | 58.04M | 59.12M | 53.97M |
| EBIT | 30.72M | 26.51M | 31.76M | 32.86M | 34.19M | -12.78M |
| EBIT Margin | 10.23% | 9.02% | 10.05% | 10.61% | 11.65% | -6.36% |
| Funds From Operations (FFO) | 55.01M | 50.66M | 54.14M | 56.83M | 58.78M | 13.56M |
| FFO Per Share | 1.08 | 0.98 | 1.06 | 1.12 | 1.17 | 0.27 |
| Adjusted Funds From Operations (AFFO) | 57.38M | 52.75M | 55.49M | 59.66M | 59.60M | 14.32M |
| AFFO Per Share | 1.15 | 1.02 | 1.08 | 1.18 | 1.19 | 0.29 |
| FFO Payout Ratio | 34.20% | 34.77% | 26.56% | 25.01% | 0.25% | 2.08% |
| Effective Tax Rate | 1.01% | |||||
| Revenue as Reported | 301.45M | 295.07M | 317.21M | 311.11M | 294.85M | 203.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 1.20B | 1.12B | 1.22B | 1.25B | 1.28B | 1.37B |
| Cash & Equivalents | 11.34M | 24.43M | 20.20M | 68.13M | 26.27M | 19.19M |
| Accounts Receivable | 2.97M | 2.83M | 2.92M | 4.38M | 5.18M | 3.00M |
| Restricted Cash | 6.39M | 8.20M | 9.65M | 17.62M | 18.88M | 10.68M |
| Other Current Assets | 8.55M | 3.73M | 2.81M | 3.79M | 3.43M | 2.79M |
| Deferred Long-Term Charges | 6.76M | 7.38M | 4.04M | 4.25M | 6.43M | 4.63M |
| Total Assets | 1.23B | 1.17B | 1.25B | 1.34B | 1.34B | 1.41B |
| Long-Term Debt | 414.32M | 338.91M | 406.85M | 484.08M | 469.88M | 544.29M |
| Long-Term Leases | 19.73M | 20.07M | 20.63M | 20.81M | 22.11M | 22.70M |
| Accounts Payable | 28.83M | 24.01M | 26.93M | 27.06M | 28.53M | 27.72M |
| Accrued Expenses | 1.16M | 634.00K | 1.09M | 899.00K | ||
| Other Current Liabilities | 8.23M | 8.70M | 7.18M | 6.71M | 5.22M | 1.80M |
| Total Liabilities | 472.27M | 392.33M | 462.68M | 539.55M | 525.74M | 596.51M |
| Preferred Stock, Convertible | 48.00K | 48.00K | 48.00K | 48.00K | 48.00K | 48.00K |
| Common Stock | 466.00K | 477.00K | 489.00K | 488.00K | 488.00K | 487.00K |
| Additional Paid-In Capital | 1.03B | 1.04B | 1.05B | 1.05B | 1.05B | 1.05B |
| Retained Earnings | -308.94M | -299.53M | -289.13M | -271.65M | -252.66M | -251.10M |
| Total Common Equity | 721.64M | 740.75M | 758.17M | 776.01M | 794.85M | 797.45M |
| Minority Interest | 40.16M | 37.25M | 33.78M | 28.32M | 23.10M | 16.69M |
| Shareholders' Equity | 761.85M | 778.05M | 792.00M | 804.38M | 818.00M | 814.19M |
| Total Liabilities & Equity | 1.23B | 1.17B | 1.25B | 1.34B | 1.34B | 1.41B |
| Total Debt | 434.05M | 358.98M | 427.48M | 504.88M | 491.99M | 566.99M |
| Net Cash (Debt) | -422.71M | -334.55M | -407.29M | -436.75M | -465.72M | -547.80M |
| Net Cash Per Share | -8.72 | -6.69 | -8.33 | -8.94 | -9.49 | -11.33 |
| Filing Date Shares Outstanding | 46.55M | 47.24M | 48.97M | 48.90M | 48.85M | 48.79M |
| Total Common Shares Outstanding | 46.55M | 47.70M | 48.91M | 48.85M | 48.80M | 48.76M |
| Book Value Per Share | 15.50 | 15.53 | 15.50 | 15.88 | 16.29 | 16.36 |
| Tangible Book Value | 721.64M | 740.75M | 758.17M | 776.01M | 794.85M | 797.45M |
| Tangible Book Value Per Share | 15.50 | 15.53 | 15.50 | 15.88 | 16.29 | 16.36 |
| Land | 277.68M | 268.55M | 280.42M | 289.67M | 289.59M | 291.77M |
| Buildings | 1.25B | 1.17B | 1.23B | 1.27B | 1.27B | 1.26B |
| Construction In Progress | 11.42M | 11.72M | 17.23M | 15.14M | 11.71M | 75.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.05M | 15.05M | 4.17M | 2.64M | 9.80M | -18.41M |
| Depreciation & Amortization | 59.61M | 59.55M | 60.52M | 58.04M | 59.12M | 53.97M |
| Other Amortization | 1.94M | 1.67M | 1.62M | 1.42M | 1.69M | 2.07M |
| Gain (Loss) on Sale of Assets | -7.03M | -14.37M | -5.71M | -18.00K | -2.27M | 21.00K |
| Gain (Loss) on Sale of Investments | -23.82M | |||||
| Asset Writedown | 4.26M | 4.27M | 5.64M | |||
| Stock-Based Compensation | 6.13M | 6.26M | 6.40M | 6.12M | 5.55M | 4.82M |
| Income (Loss) on Equity Investments | 1.23M | |||||
| Change in Accounts Receivable | 1.69M | 92.00K | 1.32M | 803.00K | -2.19M | -1.31M |
| Change in Accounts Payable | 4.06M | -2.51M | 256.00K | 1.05M | 460.00K | 5.73M |
| Change in Other Net Operating Assets | -2.01M | -2.09M | 1.10M | -463.00K | -839.00K | -734.00K |
| Other Operating Activities | 331.00K | 434.00K | -114.00K | 2.59M | 204.00K | -435.00K |
| Operating Cash Flow | 76.77M | 64.08M | 73.83M | 76.44M | 71.53M | 28.78M |
| Acquisition of Real Estate Assets | -113.94M | -24.52M | -74.34M | -28.11M | -50.01M | -33.41M |
| Sale of Real Estate Assets | 17.04M | 69.99M | 45.87M | 79.57M | ||
| Net Sale / Acq. of Real Estate Assets | -96.90M | 45.48M | -28.47M | -28.11M | 29.56M | -33.41M |
| Cash Acquisition | -71.33M | |||||
| Investment in Marketable & Equity Securities | 2.80M | |||||
| Other Investing Activities | 400.00K | |||||
| Investing Cash Flow | -97.01M | 45.37M | -29.17M | -28.11M | 29.96M | -101.94M |
| Long-Term Debt Issued | 215.00M | 260.30M | 172.93M | 44.32M | 111.68M | |
| Long-Term Debt Repaid | -280.98M | -337.24M | -157.07M | -119.00M | -176.49M | |
| Net Debt Issued (Repaid) | 64.96M | -65.98M | -76.94M | 15.85M | -74.68M | -64.81M |
| Issuance of Common Stock | 53.00K | 54.00K | 53.00K | 61.00K | 57.00K | 24.61M |
| Repurchase of Common Stock | -18.30M | -8.97M | ||||
| Preferred Stock Issued | 120.00M | |||||
| Common Dividends Paid | -18.82M | -17.61M | -14.38M | -14.21M | -147.00K | -282.00K |
| Preferred Dividends Paid | -7.95M | -7.95M | -7.95M | -7.95M | -7.95M | -2.32M |
| Total Dividends Paid | -26.77M | -25.56M | -22.33M | -22.16M | -8.10M | -2.60M |
| Other Financing Activities | -6.18M | -6.18M | -1.34M | -1.48M | -3.50M | -5.62M |
| Net Cash Flow | -6.48M | 2.79M | -55.91M | 40.60M | 15.28M | -1.58M |
| Levered Free Cash Flow | 76.80M | 66.67M | 79.33M | 71.78M | 64.41M | 19.12M |
| Unlevered Free Cash Flow | 91.01M | 81.24M | 97.26M | 87.54M | 79.50M | 32.58M |
| Cash Interest Paid | 23.25M | 24.19M | 29.48M | 24.90M | 25.30M | 25.93M |
| Cash Income Tax Paid | 453.00K | 637.00K | 871.00K | 930.00K | 768.00K | 387.00K |
| Change in Working Capital | 3.74M | -4.51M | 2.69M | 1.39M | -2.57M | 3.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 723.21M | 330.32M | 437.72M | 523.71M | 598.79M | 668.94M |
| Enterprise Value | 1.15B | 712.24M | 907.95M | 986.52M | 1.09B | 1.23B |
| Last Close Price | 14.75 | 6.62 | 8.27 | 9.59 | 10.68 | 11.87 |
| Price/FFO Ratio | 12.14 | 6.76 | 7.81 | 8.53 | 9.12 | 43.32 |
| Price/AFFO Ratio | 11.44 | 6.49 | 7.62 | 8.13 | 9.00 | 41.03 |
| PE Ratio | 191.41 | 47.83 | 327.21 | |||
| PS Ratio | 2.42 | 1.12 | 1.39 | 1.69 | 2.04 | 3.33 |
| PB Ratio | 0.95 | 0.42 | 0.55 | 0.65 | 0.73 | 0.82 |
| P/OCF Ratio | 9.47 | 5.16 | 5.93 | 6.85 | 8.37 | 23.25 |
| EV/Sales Ratio | 3.83 | 2.42 | 2.87 | 3.18 | 3.73 | 6.13 |
| EV/EBITDA Ratio | 12.73 | 8.28 | 9.84 | 10.85 | 11.73 | 29.93 |
| EV/EBIT Ratio | 37.44 | 26.87 | 28.59 | 30.02 | 32.02 | |
| Debt / Equity Ratio | 0.57 | 0.46 | 0.54 | 0.63 | 0.60 | 0.70 |
| Debt / EBITDA Ratio | 4.67 | 4.04 | 4.50 | 5.39 | 5.12 | 13.13 |
| Net Debt / Equity Ratio | 0.56 | 0.43 | 0.51 | 0.54 | 0.57 | 0.67 |
| Net Debt / EBITDA Ratio | 4.68 | 3.89 | 4.41 | 4.80 | 4.99 | 13.30 |
| Asset Turnover | 0.25 | 0.24 | 0.24 | 0.23 | 0.21 | 0.14 |
| Quick Ratio | 0.38 | 0.82 | 0.66 | 2.09 | 0.93 | 0.75 |
| Current Ratio | 0.77 | 1.18 | 1.01 | 2.71 | 1.59 | 1.21 |
| Return on Equity (ROE) | 1.57% | 1.95% | 0.51% | 0.31% | 1.21% | -2.50% |
| Return on Assets (ROA) | 1.58% | 1.37% | 1.53% | 1.53% | 1.55% | -0.57% |
| Return on Invested Capital (ROIC) | 2.53% | 2.25% | 2.51% | 2.51% | 2.54% | -0.95% |
| Earnings Yield | 0.52% | 4.56% | 0.95% | 0.51% | 1.64% | -2.75% |
| Dividend Yield | 2.65% | 5.20% | 3.13% | 2.61% | 0.57% | |
| Payout Ratio | 509.57% | 169.83% | 535.96% | 838.20% | 82.58% | |
| Buyback Yield / Dilution | 1.97% | -2.23% | -0.11% | 0.43% | -1.47% | -2.96% |
| Total Shareholder Return | 4.63% | 2.97% | 3.02% | 3.04% | -0.90% | -2.96% |