Key Developments: Chatham Lodging Trust (CLDT.N)

CLDT.N on New York Stock Exchange

17.50USD
1 Aug 2013
Price Change (% chg)

$0.04 (+0.23%)
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$17.46
Open
$17.62
Day's High
$17.69
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$17.22
Volume
26,701
Avg. Vol
46,041
52-wk High
$19.94
52-wk Low
$12.75

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Latest Key Developments (Source: Significant Developments)

Chatham Lodging Trust Announces Monthly Dividend
Wednesday, 10 Jul 2013 08:50am EDT 

Chatham Lodging Trust announced that the Board of trustees has declared a monthly common share dividend of $0.07 for July 2013. The common dividend is payable August 30, 2013, to shareholders of record on July 31, 2013.  Full Article

Chatham Lodging Trust Completes Acquisition Of the Hyatt Place Downtown Pittsburgh
Wednesday, 19 Jun 2013 08:50am EDT 

Chatham Lodging Trust announced that has completed its acquisition of the 178-room Hyatt Place Pittsburgh/North Shore in Pittsburgh, Pa., for a purchase price of $40 million, plus customary pro-rated amounts and closing costs. The Pittsburgh Hyatt Place opened in December 2010 and is located in Pittsburgh`s North Shore neighborhood, next door to PNC Park (home of the Pittsburgh Pirates) and Heinz Field (home of the Pittsburgh Steelers), and near such attractions as the Andy Warhol Museum, the Carnegie Science Center and the National Aviary. The Pittsburgh Hyatt Place also is proximate to Fortune 500 employers such as Alcoa, Del Monte Foods, PNC Financial, U.S. Steel and Heinz.  Full Article

Chatham Lodging Trust Prices Public Offering of Common Shares
Thursday, 13 Jun 2013 09:43am EDT 

Chatham Lodging Trust announced that it has priced its public offering of 4,500,000 common shares of beneficial interest, $0.01 par value per share, at $16.35 per share, for total gross proceeds of $73,575,000, prior to underwriting discounts and offering expenses. The offering is expected to close on June 18, 2013. The underwriters have a 30-day option to purchase up to an additional 675,000 shares to cover overallotments, if any.  Full Article

Chatham Lodging Trust Launches Public Offering of Common Shares
Wednesday, 12 Jun 2013 04:25pm EDT 

Chatham Lodging Trust announced that it is offering 4.5 million common shares of beneficial interest, $0.01 par value per share, in a public offering. Barclays and UBS Investment Bank are acting as joint book-running managers for the offering. The company will contribute the net proceeds of this offering to its operating partnership in exchange for common units of limited partnership interest in the operating partnership. The company`s operating partnership intends to use a portion of the net proceeds of the offering to repay debt under the company`s senior secured revolving credit facility and to fund the acquisition of the 178-room Hyatt Place Pittsburgh/North Shore in Pittsburgh, Pa. The company`s operating partnership intends to use any remaining net proceeds to invest in additional hotel properties in accordance with the company`s investment strategy and for general corporate purposes.  Full Article

Chatham Lodging Trust Announces Monthly Dividend
Monday, 10 Jun 2013 08:50am EDT 

Chatham Lodging Trust announced that its board of trustees has declared a monthly common share dividend of $0.07 for June 2013. The common dividend is payable July 26, 2013, to shareholders of record on June 28, 2013.  Full Article

Chatham Lodging Trust Announces Monthly Dividend
Friday, 10 May 2013 08:50am EDT 

Chatham Lodging Trust announced that its board of trustees has declared a monthly common share dividend of $0.07 for May 2013. The common dividend is payable June 28, 2013, to shareholders of record on May 31, 2013.  Full Article

Chatham Lodging Trust Issues Q2 2013 Earnings Guidance In Line With Analysts' Estimates; Comments On Q2 2013 RevPAR Guidance; Reaffirms FY 2013 Earnings Guidance; Reaffirms FY 2013 RevPAR Guidance
Tuesday, 7 May 2013 04:05pm EDT 

Chatham Lodging Trust announced that for the second quarter of 2013, it expects RevPAR to be in the range of $116-$118, RevPAR growth to be in the range of +4-5%, net income to be in the range of $0.19-$0.20 million, adjusted EBITDA to be in the range of $13.5-$13.8 million, adjusted funds from operation (FFO) to be in the range of $8.5-$8.8 million and adjusted FFO per diluted share to be in the range of $0.49-$0.51. For fiscal 2013, it expects RevPAR to be in the range of $110-$111, RevPAR growth to be in the range of +4-5%, net income (loss) to be in the range of $5.7-$6.7 million, Net income per diluted share (EPS) to be in the range of $0.33-$0.39, adjusted EBITDA to be in the range of $47.0-$48.0 million, adjusted FFO to be in the range of $27.4-$28.4 million and adjusted FFO per diluted share to be in the range of $1.58-$1.64. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $4.26 million, EBITDA of $13.92 million and FFO of $0.49 for the second quarter 2013; EBITDA of $47.9 million and FFO of $1.60 for fiscal 2013.  Full Article

Chatham Lodging Trust Announces Monthly Dividend
Wednesday, 10 Apr 2013 08:50am EDT 

Chatham Lodging Trust announced that Board of trustees has declared a monthly common share dividend of $0.07 for April 2013. The common dividend is payable May 31, 2013, to shareholders of record on April 30, 2013.  Full Article

Chatham Lodging Trust Announces Monthly Dividend
Monday, 11 Mar 2013 08:50am EDT 

Chatham Lodging Trust announced that Board of trustees has declared a monthly common share dividend of $0.07 for March 2013. The common dividend is payable April 26, 2013, to shareholders of record on March 29, 2013.  Full Article

Chatham Lodging Trust Issues Q1 2013 Earnings Guidance In Line With Analysts' Estimates; Issues FY 2013 Mixed Earnings Guidance; Comments On Q1, FY 2013 RevPAR Guidance
Tuesday, 19 Feb 2013 05:13pm EST 

Chatham Lodging Trust announced that for the first quarter of 2013, it expects RevPAR to be in the range of $99-$101, RevPAR growth to be in the range of +3-5%, net income (loss) to be in the range of $(1.9)-$(1.7) million, net income (loss) per diluted share (EPS) to be in the range of $(0.11)-$(0.10), adjusted EBITDA to be in the range of $8.8-$9.2 million, adjusted funds from operation (FFO) to be in the range of $3.9-$4.4 million and adjusted FFO per diluted share to be in the range of $0.23-$0.25. For fiscal 2013, it expects RevPAR to be in the range of $110-$111, RevPAR growth to be in the range of +4-5%, net income (loss) to be in the range of $(5.7)-$(6.7) million, Net income (loss) per diluted share (EPS) to be in the range of $(0.33)-$(0.39), adjusted EBITDA to be in the range of $47.0-$48.0 million, adjusted FFO to be in the range of $27.4-$28.4 million and adjusted FFO per diluted share to be in the range of $1.58-$1.64. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $0.61 million, EBITDA of $9.88 million and FFO of $0.30 for the first quarter 2013; net income of $7.42 million, EBITDA of $47.56 million and FFO of $1.57 for fiscal 2013.  Full Article

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