Chatham Lodging Trust
CLDT—
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Chatham Lodging Trust AI Insights
Informational only. Not investment advice.Snapshot
- FCF of 64.7M TTM on minimal capex (110K) yields 21% FCF margin - near-zero maintenance spend signals mature, stabilized portfolio.[Free Cash Flow TTM]
- Gross profit down 10.7% YoY despite 17.5% 5Y revenue CAGR - margin compression accelerating as RevPAR growth stalls.[Gross Profit 1Y Growth]
- Net debt 326M vs EBITDA 95M TTM = 3.4x leverage with interest expense consuming 96% of operating income.[Net Debt]
Watch Triggers
- Interest Expense TTM: Drops below 20M annually — Would nearly double net income from 8.7M to ~14M, inflecting ROE above 1.5%
- Gross Margin TTM: Falls below 30% — Currently 34.7% - further compression would pressure already thin 2.9% net margin
- Dividends Paid Per Share TTM: Reinstated above $0.20/share — Currently zero - reinstatement signals management confidence in stabilized cash flows
Bull Case
Asset-rich balance sheet with 749M tangible book value vs 359M debt provides 2.1x asset coverage and potential liquidation floor.
Tangible Book ValueTotal DebtDebt to Equity
FCF yield of ~8.6% (64.7M FCF on ~750M equity) with zero dividend currently - capacity for reinstatement or buybacks.
Free Cash Flow TTMCommon Stock Dividend Paid
Bear Case
ROE of 1.2% and ROIC of 0.7% TTM are value-destructive - earning below cost of capital on invested assets.
ROE TTMROIC TTMNet Income TTM
Negative working capital (-12.7M) with only 13.2M cash creates liquidity risk if RevPAR deteriorates further.
Working CapitalCash and EquivalentsCurrent Liabilities
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Interest rate cuts could unlock 30-40% of operating income currently consumed by debt service.
1-3ymed
- 25.7M interest expense on 359M debt = 7.2% avg rate
- Fed easing cycle could reduce rate 150-200bps
- Operating income of 26.6M nearly matched by interest
Interest expense TTM: 25.7MOperating income TTM: 26.6MTotal debt: 359M, all long-term
Valuation Context
Caveats
CLDT Fundamentals
Real Estate and Rental and Leasing → Real Estate
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$615.26M | — | ||
$1.05B | — | ||
659 | — | ||
$293.94M | -7.4% | — | |
$0.02 | — | ||
9.13% | -0.9% | — | |
3.13% | -0.3% | — | |
$73.11M | +3.1% | — | |
1.25% | -0.2% | — | |
Beta 5Y (Monthly) | unknown | — |
CLDT Dividend History
112 dividends
2026
$0.200006/30/26$0.1000
03/31/26$0.1000
2025
$0.360012/31/25$0.0900
09/30/25$0.0900
06/30/25$0.0900
03/31/25$0.0900
2024
$0.280012/31/24$0.0700
09/30/24$0.0700
06/28/24$0.0700
03/27/24$0.0700
2023
$0.280012/28/23$0.0700
09/28/23$0.0700
06/29/23$0.0700
03/30/23$0.0700
2022
$0.070012/29/22$0.0700
2020
$0.220002/27/20$0.1100
01/30/20$0.1100
2019
$1.320012/30/19$0.1100
11/27/19$0.1100
10/30/19$0.1100
09/27/19$0.1100
08/29/19$0.1100
07/30/19$0.1100
06/27/19$0.1100
05/30/19$0.1100
04/29/19$0.1100
03/28/19$0.1100
02/27/19$0.1100
01/30/19$0.1100
2018
$1.320012/28/18$0.1100
11/29/18$0.1100
10/30/18$0.1100
09/27/18$0.1100
08/30/18$0.1100
07/30/18$0.1100
06/28/18$0.1100
05/30/18$0.1100
04/27/18$0.1100
03/28/18$0.1100
02/27/18$0.1100
01/30/18$0.1100
2017
$1.320012/28/17$0.1100
11/29/17$0.1100
10/30/17$0.1100
09/28/17$0.1100
08/29/17$0.1100
07/27/17$0.1100
06/28/17$0.1100
05/26/17$0.1100
04/26/17$0.1100
03/29/17$0.1100
02/24/17$0.1100
01/27/17$0.1100
2016
$1.380012/28/16$0.1100
11/28/16$0.1100
10/27/16$0.1100
09/28/16$0.1100
08/29/16$0.1100
07/27/16$0.1100
06/28/16$0.1100
05/26/16$0.1100
04/27/16$0.1100
03/29/16$0.1100
02/25/16$0.1000
01/27/16$0.1000
01/13/16$0.0800
2015
$1.200012/29/15$0.1000
11/25/15$0.1000
10/28/15$0.1000
09/28/15$0.1000
08/27/15$0.1000
07/29/15$0.1000
06/26/15$0.1000
05/27/15$0.1000
04/28/15$0.1000
03/27/15$0.1000
02/25/15$0.1000
01/28/15$0.1000
2014
$0.930012/29/14$0.0800
11/25/14$0.0800
10/29/14$0.0800
09/26/14$0.0800
08/27/14$0.0800
07/29/14$0.0800
06/26/14$0.0800
05/28/14$0.0800
04/28/14$0.0800
03/27/14$0.0700
02/26/14$0.0700
01/29/14$0.0700
2013
$0.840012/27/13$0.0700
11/26/13$0.0700
10/29/13$0.0700
09/26/13$0.0700
08/28/13$0.0700
07/29/13$0.0700
06/26/13$0.0700
05/29/13$0.0700
04/26/13$0.0700
03/26/13$0.0700
02/26/13$0.0700
01/29/13$0.0700
2012
$0.775012/27/12$0.2000
09/26/12$0.2000
06/27/12$0.2000
03/28/12$0.1750
2011
$0.700012/28/11$0.1750
09/28/11$0.1750
06/28/11$0.1750
03/29/11$0.1750
2010
$0.350012/29/10$0.1750
10/13/10$0.1750
CLDT Stock Splits
No stock splits
CLDT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
02/27/26 | 12/31/25 | 10-K | |
11/05/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/06/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | 10-K | |
11/07/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
05/06/24 | 03/31/24 | 10-Q | |
02/27/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/03/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/03/21 | 06/30/21 | 10-Q | |
05/04/21 | 03/31/21 | 10-Q | |
02/24/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
08/05/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
02/26/20 | 12/31/19 | 10-K | |
10/31/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/01/19 | 03/31/19 | 10-Q | |
02/25/19 | 12/31/18 | 10-K | |
10/31/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/01/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/31/17 | 10-K | |
10/31/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/09/17 | 03/31/17 | 10-Q | |
02/27/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/29/16 | 12/31/15 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/16/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/11/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
03/11/14 | 12/31/13 | 10-K | |
11/06/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
03/15/13 | 12/31/12 | 10-K | |
11/08/12 | 09/30/12 | 10-Q | |
08/08/12 | 06/30/12 | 10-Q | |
05/09/12 | 03/31/12 | 10-Q | |
03/09/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/11/11 | 06/30/11 | 10-Q | |
05/11/11 | 03/31/11 | 10-Q | |
03/09/11 | 12/31/10 | 10-K | |
11/09/11 | 09/30/10 | 10-Q | |
08/13/10 | 06/30/10 | 10-Q |