Chatham Lodging: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 06:57 AM ET
Last Updated - Jun 22, 2023, 08:04 PM EDT
WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Chatham Lodging Trust (CLDT) on Thursday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations.
The West Palm Beach, Florida-based real estate investment trust said it had funds from operations of $10.2 million, or 20 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 18 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
