Edition:
United States

Chesapeake Lodging Trust (CHSP.N)

CHSP.N on New York Stock Exchange

25.82USD
22 Jul 2016
Change (% chg)

$0.66 (+2.62%)
Prev Close
$25.16
Open
$25.07
Day's High
$25.91
Day's Low
$25.07
Volume
120,430
Avg. Vol
--
52-wk High
--
52-wk Low
--

Latest Key Developments (Source: Significant Developments)

Chesapeake Lodging says for quarter ended June 30 expects revpar to increase 2.2 pct on a pro forma basis
Tuesday, 12 Jul 2016 04:16pm EDT 

Chesapeake Lodging Trust : Chesapeake lodging trust reports preliminary second quarter results . Chesapeake lodging trust says for quarter ended june 30, 2016 expects revpar to increase 2.2% on a pro forma basis .Sees qtrly affo per share to be near midpoint of guidance ranges previously provided.  Full Article

Chesapeake Lodging Trust gives Q1, FY 2016 outlook
Monday, 25 Jan 2016 07:31am EST 

Chesapeake Lodging Trust:Expects Q1 2016 net income per diluted common share of $0.06 - $0.09.Expects Q1 2016 adjusted corporate EBITDA of $31.2 - $32.7 million.Expects Q1 2016 AFFO per diluted common share of $0.37 - $0.40.Expects Q1 2016 pro forma RevPAR increase over 2015 of 6.0-8.0 pct.Expects Q1 2016 adjusted Hotel EBITDA of $36.3 - $38.0 million.Expects FY 2016 net income per diluted common share of $1.24 - $1.34.Expects FY 2016 adjusted corporate EBITDA of $193.6 - $200.1 million.Expects FY 2016 AFFO per diluted common share of $2.50 - $2.60.Expects FY 2016 pro forma RevPAR increase over 2015 of 5.0-7.0 pct.Expects FY 2016 adjusted Hotel EBITDA of $213.0 - $220.3 million.  Full Article

Chesapeake Lodging Trust declares dividends for the fourth quarter
Thursday, 17 Dec 2015 04:15pm EST 

Chesapeake Lodging Trust:Declared a quarterly dividend payment of $0.40 per common share.Dividend will be paid on January 15, 2016 to shareholders of record at the close of business on December 31.  Full Article

Chesapeake Lodging Trust updates Q3, FY 2015 outlook; announces $100 million share repurchase program
Tuesday, 29 Sep 2015 07:30am EDT 

Chesapeake Lodging Trust:Provides updated 2015 outlook and announces $100 million share repurchase program.Expect to achieve previously provided outlook on revpar growth for hotel portfolio for the third quarter and full year.Sees Q3 2015 2015 AFFO per diluted common share $0.72 to $0.74.See Q3 2015 AFFO earnings per share $0.72 to $0.74.Sees Q3 2015 pro forma revpar increase over 2014 6.8% - 7.1%.Sees FY 2015 AFFO per diluted common share in the range of $ 2.24 $ 2.28.Q3 2015 FFO per share view $0.75 - Thomson Reuters I/B/E/S.FY 2015 FFO per share view $2.32 - Thomson Reuters I/B/E/S.Adjusting outlook for second half of 2015 to primarily reflect a change in expectations in composition of revpar growth.Sees FY 2015 pro forma revpar increase over 2014 6.5% - 7.25%.Adjusted outlook reflect weaker than expected results in late August and early September as a result of the labor day shift.Adjusting outlook for 2nd half of 2015 to reflect larger than expected increase in property taxes at two Chicago hotels.  Full Article

Chesapeake Lodging Trust gives Q3 2015 guidance; updates FY 2015 guidance
Thursday, 30 Jul 2015 04:16pm EDT 

Chesapeake Lodging Trust:Expects Q3 2015 net income in the range of $25.3 to $27.4 million.Expects Q3 2015 net income per diluted common share in the range of $0.43 to $0.46.Expects Q3 2015 adjusted corporate EBITDA in the range of $54.7 to $57.0 million.Expects Q3 2015 AFFO per diluted common share in the range of $0.73 to $0.77.Expects Q3 2015 Pro forma RevPAR increase of 6.5 pct. to 8.5 pct. over 2014.Expects FY 2015 net income in the range of $61.7 to $66.9 million (prior guidance $63.2 to $68.9 million).Expects FY 2015 net income per diluted common share in the range of $1.07 to $1.15 (prior guidance $1.09 to $1.19).Expects FY 2015 adjusted Corporate EBITDA in the range of $175.9 to $181.6 million (prior guidance $174.9 to $181.2 million).Expects FY 2015 AFFO per diluted common share in the range of $2.27 to $2.35 (prior guidance $2.25 to $2.35).Expects FY 2015 Pro forma RevPAR increase of 6.5 pct. to 8.5 pct. pct over 2014 (prior guidance 6.5 pct. to 8.5 pct.).  Full Article

Chesapeake Lodging Trust declares dividend for Q2
Wednesday, 20 May 2015 01:25pm EDT 

Chesapeake Lodging Trust:Declares quarterly dividend payment of $0.35 per common share.Payable on July 15 to shareholders of record date as of June 30.  Full Article

Chesapeake Lodging Trust gives Q2 2015 pro forma RevPAR guidance; gives Q2 2015 earnings guidance below analysts' estimates; lowers FY 2015 pro forma RevPAR guidance; raises FY 2015 earnings guidance
Thursday, 30 Apr 2015 04:15pm EDT 

Chesapeake Lodging Trust:Expects Q2 2015 net income in the range of $20.1 to $21.9 million.Expects Q2 2015 net income per diluted common share in the range of $0.34 to $0.37.Expects Q2 2015 adjusted Corporate EBITDA in the range of $52.5 to $54.5 million.Expects Q2 2015 AFFO per diluted common share in the range of $0.63 to $0.67.Expects Q2 2015 Pro forma RevPAR increase of 5.5pct to 7.5pct over 2014.Expects FY 2015 net income in the range of $63.2 to $68.9 million.Expects FY 2015 net income per diluted common share in the range of $1.09 to $1.19.Expects FY 2015 adjusted Corporate EBITDA in the range of $174.9 to $181.2 million.Expects FY 2015 AFFO per diluted common share in the range of $2.25 to $2.35.Expects FY 2015 Pro forma RevPAR increase of 6.5pct to 8.5pct pct over 2014.Q2 2015 net income of $28 million, EBITDA of $55.4 million and FFO of $0.76 - Thomson Reuters I/B/E/S.FY 2015 net income of $70.8 million, EBITDA of $173.4 million and FFO of $2.33 - Thomson Reuters I/B/E/S.  Full Article

Chesapeake Lodging Trust acquires Ace Hotel and Theater Downtown Los Angeles
Thursday, 30 Apr 2015 04:05pm EDT 

Chesapeake Lodging Trust:Closes on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, California for a purchase price of $103.0 million, or approximately $566,000 per key.Trust entered into a new management agreement with Ace Hotel Group to continue to brand and operate the hotel.  Full Article

Chesapeake Lodging Trust completes public offering of common shares
Friday, 27 Mar 2015 11:00am EDT 

Chesapeake Lodging Trust:Has completed its public offering of 4,600,000 common shares, including 600,000 shares sold pursuant to the full exercise by the underwriters of their option to purchase additional shares.Through the offering, the Trust raised about $153.7 million of net proceeds, after deducting underwriting discounts and estimated offering costs.Says J.P. Morgan and Deutsche Bank Securities acted as joint book-running managers for the offering.Says The Trust intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility.  Full Article

Chesapeake Lodging Trust upsizes and prices offering of common shares
Monday, 23 Mar 2015 07:36pm EDT 

Chesapeake Lodging Trust:Says that it has priced its public offering of 4,000,000 common shares for total of about $136.0 million of gross proceeds, before deducting underwriting discounts and estimated offering costs.Size of offering represents an increase over 3,000,000 shares that Trust previously announced.Offering is expected to close on or about March 27.Underwriters may offer common shares from time to time in one or more transactions on New York Stock Exchange, in over-the-counter market or through negotiated transactions at market prices or at negotiated prices.Underwriters have been granted a 30-day option to purchase up to an additional 600,000 common shares.J.P. Morgan and Deutsche Bank Securities acted as joint book-running managers for offering.Intends to use net proceeds from the offering to repay borrowings outstanding under its revolving credit facility.  Full Article

BRIEF-Chesapeake Lodging Trust completes $150 mln mortgage financing on Hyatt Regency Boston

* Chesapeake Lodging Trust completes $150.0 million mortgage financing on Hyatt Regency Boston Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)