CLDT

In the past six months, Chatham Lodging Trust's stock has been impacted by several key events. The company reported its Q1 2026 earnings on May 7, 2026, beating consensus EPS estimates and reporting revenue of $67.50 million, exceeding analyst expectations. Following these results, Chatham raised its 2026 guidance by approximately 15% since February, signaling increased confidence in its earnings power and cash flow. A significant event was the acquisition of a portfolio of six high-quality, Hilton-branded hotels comprising 589 rooms for $92 million in March 2026. This acquisition is immediately accretive to Chatham's operating margins, FFO, and FFO per share, and diversifies its geographic footprint. The company also increased its common dividend by 11% in the first quarter of 2026, following a 28% increase in 2025. Additionally, Chatham has been actively repurchasing shares, buying back 2.2 million shares (approximately 4% of its common equity) at an average price of $7.04 through the end of Q1 2026. The company plans to complete a $25 million repurchase plan this year. Operational highlights impacting the stock include a 1% increase in comparable hotel RevPAR in Q1 2026, with Silicon Valley leading the way with a 23% RevPAR growth (excluding a renovating hotel). Hotel EBITDA margins also expanded by 135-140 basis points. However, some markets, such as Courtyard Dallas and coastal Northeast, experienced RevPAR declines.