Chatham Lodging Trust (CLDT)

In Q1 2025, Chatham Lodging Trust reported a 4% increase in comparable RevPAR to $127, with occupancy rising to 72%, and a reduced net loss. The company increased its quarterly common dividend by 29% to $0.09 per share and initiated a $25 million share buyback program. Q2 2025 results showed a slight decline in key metrics, with RevPAR marginally decreasing to $155. Chatham completed the sale of five underperforming hotels for $83 million and refinanced its unsecured credit facility to $500 million. Q3 2025 saw a decline in comparable RevPAR to $151, with a dip in performance metrics due to a fall-off in foreign and domestic tourism. Over the last year, the stock price has decreased by 27.10%.

Demand seasonality for Chatham Lodging Trust is influenced by both business and leisure travel patterns. The company's largest markets are predominantly business travel-oriented, meaning demand can be tied to corporate cycles, conventions, and events in business hubs. The company's Q3 2025 results noted softer demand in business-focused markets and cities with fewer conventions, indicating the impact of these seasonal and cyclical business travel trends.

Chatham Lodging Trust (CLDT) is a real estate investment trust (REIT) focused on acquiring, owning, and managing upscale extended-stay and premium-branded select-service hotels. The company generates revenue from hotel operations and property management, distributing at least 90% of its taxable income to shareholders as dividends. Its portfolio includes hotels operating under well-known brands such as Residence Inn by Marriott and Homewood Suites by Hilton, catering to both business and leisure travelers.

Chatham Lodging Trust owns and operates hotels across the United States. As of December 31, 2024, the company owned 37 hotels with 5,596 rooms/suites in 16 states and the District of Columbia. Key states include California, Washington, Colorado, Texas, Minnesota, Tennessee, Virginia, Florida, Georgia, Pennsylvania, New York, Connecticut, Massachusetts, New Hampshire, and Maine. The company's largest markets are predominantly business travel-oriented, with a high exposure to big tech hotel demand in areas like Silicon Valley, Seattle, and Austin.

Chatham Lodging Trust emphasizes its focus on high-quality assets and affiliations with premium hotel brands, contributing to a positive brand image. The company's annual reports have a generally positive perception. Chatham Lodging Trust participated in the Global Real Estate Sustainability Benchmark (GRESB) for the third time, achieving a score of 83, earning four out of five GRESB Stars, and receiving a "Green Star."

Chatham Lodging Trust is predominantly owned by institutional shareholders, who hold 90.65% of the company's stock. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. Individual investors hold 6.11% of the company, and Chatham Lodging Trust insiders own 3.24%. The largest individual shareholder is Jeffrey H. Fisher, who is also the Chairman, President, and Chief Executive Officer.