hab mir gerade mal eine kleine posi gegönnt.
ist im grunde ein unternehmen welches in hotels investiert.
fundamental stehen se gut da, mit einer soliden dividende.
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Nach einem viertel jahr abstinenz von chatham bin ich jetzt wieder rein.
Und hier mal ein kleiner bericht zu chathi.
Chatham Lodging Trust: 5.8% Covered Yield, Strong Portfolio, Industry Leader, Monthly Dividend, Upside
seekingalpha.com/article/...portfolio-industry-leader-monthly
Summary:
Chatham Lodging Trust Announces Fourth Quarter 2017 Results
www.bloomberg.com/press-releases/...urth-quarter-2017-results
Fourth Quarter 2017 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Increased 1.1 percent,
slightly above guidance, to $120, compared to the 2016 fourth quarter, for
Chatham’s 40, wholly owned hotels. Average daily rate (ADR) improved 0.8
percent to $159, and occupancy grew 0.4 percent to 75.3 percent.
* Portfolio RevPAR declined 0.5 percent, excluding four Houston hotels
where RevPAR rose 23.5 percent, benefiting from demand attributable
to Hurricane Harvey.
* Net Income - Rose $2.8 million to $5.5 million. Net income per diluted
share was $0.12 versus $0.07 in the 2016 fourth quarter.
* Adjusted EBITDA - Equaled last year’s $26.3 million.
* Adjusted FFO - Decreased $1.0 million, or 5.7 percent, to $16.0 million
versus $17.0 million in the 2016 fourth quarter. Adjusted FFO per diluted
share was $0.36 versus $0.44 in the 2016 fourth quarter, compared to
guidance of $0.35-$0.38 per share.
* Excluding the impact of the fourth quarter equity offering, two hotel
acquisitions and one sold hotel, pro-forma Adjusted FFO per share
would be $0.38, above consensus and at the upper end of its guidance.
* Operating Margins - Declined 260 basis points to 43.3 percent. Hotel
EBITDA margins were off 80 basis points to 35.9 percent.
Chatham Lodging Trust's Recent Drop Creates A Great Buying Opportunity For Income Investors
seekingalpha.com/article/...ying-opportunity-income-investors
Summary
Chatham Lodging Trust Announces First Quarter 2018 Results
www.bloomberg.com/press-releases/...irst-quarter-2018-results
First Quarter 2018 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Decreased 2.4 percent to
$122, compared to the 2017 first quarter, for Chatham’s 40, wholly owned
hotels. Average daily rate (ADR) lessened 1.2 percent to $162, and
occupancy declined 1.2 percent to 76 percent.
* Net Income - Declined $1.7 million to $2.9 million. Net income per diluted
share was $0.06 versus $0.12 in the 2017 first quarter.
* Adjusted EBITDA - Decreased $1.7 million to $26.4 million, slightly above
the upper end its guidance.
* Adjusted FFO - Lessened $1.6 million, to $16.5 million versus $18.1
million in the 2017 first quarter. Adjusted FFO per diluted share was
$0.36, above consensus and compared to guidance of $0.33-$0.35 per share.
* Operating Margins - Gross operating profit margins declined 260 basis
points to 44.4 percent. Hotel EBITDA margins were off 360 basis points to
36.3 percent, 30 basis points better than the upper end of its guidance.
* Balance Sheet - Solidified the balance sheet, successfully refinancing its
unsecured revolving credit facility, extending the maturity to 2023 and
reducing its borrowing costs.
Chatham Lodging Trust: 6.5% Yield And Cyclical Upside
seekingalpha.com/article/...6_5-percent-yield-cyclical-upside
Summary
Chatham Lodging Trust Announces Second Quarter 2018 Results
www.bloomberg.com/press-releases/...cond-quarter-2018-results
Second Quarter 2018 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Increased 0.8 percent to
$143, compared to the 2017 second quarter, for Chatham’s 40, wholly owned
hotels. Average daily rate (ADR) improved 0.6 percent to $172, and
occupancy also rose 0.2 percent to 83 percent.
* Net Income - Improved $8.4 million to $13.5 million. Net income per
diluted share was $0.29 versus $0.13 in the 2017 second quarter.
* Adjusted EBITDA - Advanced $2.5 million to $37.6 million, at the upper end
of its guidance.
* Adjusted FFO - Rose $2.2 million, to $27.4 million, versus $25.2 million
in the 2017 second quarter. Adjusted FFO per diluted share was $0.59,
above consensus and compared to guidance of $0.56-$0.59 per share.
* Operating Margins - Gross operating profit margins declined 50 basis
points to 48.9 percent. Hotel EBITDA margins were off 70 basis points to
41.5 percent, within its range of guidance.
* Balance Sheet - Continued to de-lever, paying down $2.8 million of net
debt in the quarter and reducing leverage to 33 percent.
Chatham Lodging Trust: Why This 6.3%-Yielding Top-Shelf Lodging REIT Is A Buy
seekingalpha.com/article/...elding-top-shelf-lodging-reit-buy
Summary
Chatham Lodging Trust remains a best-in-class hotel REIT.
Chatham Lodging Trust has a high-quality property portfolio and sector-leading EBITDA margins, making it a top-rated income vehicle in the lodging REIT sector.
The REIT covers its dividend payout with adjusted funds from operations, but the payout ratio is volatile.
Shares sell for a competitive run-rate AFFO-multiple. The risk-reward is still attractive.
An investment in CLDT yields 6.3 percent.
Chatham Lodging Acquires Brand New Residence Inn Charleston Summerville, S.C.
www.bloomberg.com/press-releases/...harleston-summerville-s-c
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has acquired the 96-room Residence Inn by Marriott Charleston Summerville, S.C., for $20.8 million, or approximately $217,000 per room.
Chatham Lodging Trust: A Trusty REIT Paying Monthly
seekingalpha.com/article/...-trust-trusty-reit-paying-monthly
Summary
Chatham Lodging Updates RevPAR Forecast for Fourth Quarter Outperformance
www.bloomberg.com/press-releases/...th-quarter-outperformance
Previous Q4 2018 Current Q4 2018
Outlook as of 10/31/18 Outlook as of 1/10/19
Room revenue $65.5 to $67.0 million $69 million
RevPAR $119-$121 $125
RevPAR growth -1% to +1% 4%
“We significantly outperformed our RevPAR expectations since our earnings
announcement in October and produced strong fourth quarter RevPAR growth of 4
percent at our 40 comparable hotels,” highlighted Dennis Craven
Die Haben auch durch die Gasexplosition in Boston profitiert:
Demand jumped meaningfully at three of our Boston area hotels, driven by business related to
the gas explosions in the north Boston area in September that displaced many residents.
Chatham Lodging Trust Announces Fourth Quarter 2018 Results
www.bloomberg.com/press-releases/...urth-quarter-2018-results
Fourth Quarter 2018 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Increased 4.1 percent to
$125, compared to the 2017 fourth quarter, for Chatham’s 40, comparable
wholly owned hotels (excludes the Residence Inn Charleston Summerville
which opened in August 2018 and the Courtyard Dallas Downtown which opened
in September 2018). Average daily rate (ADR) improved 1.5 percent to $162,
and occupancy rose 2.4 percent to 77 percent.
* Net income (loss) - Declined $5.6 million to a loss of $(0.2) million
compared to the 2017 fourth quarter. Net income (loss) per diluted share
was $(0.01) versus $0.12.
* Adjusted EBITDA - Advanced $2.6 million, or 9.8 percent higher than the
2017 fourth quarter, to $28.9 million, exceeding the upper end of the
company’s guidance of $27.5 million.
* Adjusted FFO - Jumped $2.4 million, or 15.2 percent, to $18.4 million,
versus $16.0 million in the 2017 fourth quarter. Adjusted FFO per diluted
share was $0.39, above guidance of $0.32-$0.36 per share.
* Operating Margins - Rose 30-basis points to 44.1 percent in comparable
hotel gross operating profit margins. Comparable Hotel EBITDA margins were
20 basis points higher at 36.5 percent, above the company’s guidance
range.
* Acquisition - Acquired the 167-room Courtyard by Marriott Downtown Dallas,
Texas, for $49 million, or approximately $293,000 per room.
Chatham Lodging Trust Announces First Quarter 2019 Results
www.bloomberg.com/press-releases/...irst-quarter-2019-results
First Quarter 2019 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Declined 1.0 percent to
$121, compared to the 2018 first quarter, for Chatham’s 40, comparable
wholly owned hotels (excludes the Residence Inn Charleston Summerville
which opened in August 2018 and the Courtyard Dallas Downtown which opened
in September 2018). Average daily rate (ADR) declined 1.5 percent to $159,
and occupancy rose 0.5 percent to 76 percent.
* Net Income - Declined $1.3 million to $1.6 million, compared to the 2018
first quarter. Net income per diluted share was $0.03 versus $0.06 for the
same period a year earlier.
* Adjusted EBITDA - Advanced $0.6 million, or 2.6 percent higher than the
2018 first quarter, to $27.0 million, exceeding the upper end of the
company’s guidance of $26.4 million.
* Adjusted FFO - Lessened $0.3 million, to $16.2 million, versus $16.5
million in the 2018 first quarter. Adjusted FFO per diluted share was
$0.34, above guidance of $0.30-$0.33 per share.
* Operating Margins -For its 40 comparable hotels, gross operating profit
margins declined 50 basis points to 43.7 percent. Comparable Hotel EBITDA
margins were 60 basis points lower at 35.5 percent.
Chatham Lodging Trust Sells Western Pennsylvania Hotels
www.bloomberg.com/press-releases/...stern-pennsylvania-hotels
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust
(REIT) focused on investing in upscale, extended-stay hotels and
premium-branded, select-service hotels, today announced that it has sold the
105-room Courtyard by Marriott Altoona, Pa., as well as the 86-suite
SpringHill Suites by Marriott Washington, Pa. for approximately $10 million.
Inclusive of brand required improvements of over $4 million, Chatham sold the
hotels at an approximate six percent net operating income capitalization rate
(after an assumed annual capital reserve of four percent of total hotel
revenues).
...
“These two non-core hotels, in very small
markets and with combined RevPAR of $65, do not match the overall quality of
our portfolio. Excluding the sold hotels, our comparable portfolio RevPAR
increases to $135 from $133. Importantly, we do not have to invest over $4
million renovating these hotels. We will continue to opportunistically sell
assets when we believe we can re-deploy those proceeds into high-quality hotel
investments that earn higher yields in higher growth markets, thus enhancing
our net asset value.”
Chatham Lodging Trust (CLDT) Investor Presentation - Slideshow
seekingalpha.com/article/...t-investor-presentation-slideshow
Chatham Lodging Trust Announces Second Quarter 2019 Results
www.bloomberg.com/press-releases/...cond-quarter-2019-results
Second Quarter 2019 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Declined 0.3 percent to
$145, compared to the 2018 second quarter, for Chatham’s 38, comparable
wholly owned hotels (excludes the Residence Inn Charleston Summerville
which opened in August 2018 and the Courtyard Dallas Downtown which opened
in September 2018). Average daily rate (ADR) declined 0.7 percent to $173,
and occupancy rose 0.4 percent to 83.7 percent.
* Net Income - Declined $4.0 million to $9.5 million, compared to the 2018
second quarter, driven by the loss on the sale of two hotels of $3.3
million. Net income per diluted share was $0.20 versus $0.29 for the same
period a year earlier.
* Adjusted EBITDA - Rose $1.0 million, or 2.8 percent higher than the 2018
second quarter, to $38.7 million, within the company’s guidance of
$38.6-$40.0 million.
* Adjusted FFO - Improved $0.3 million, to $27.7 million, versus $27.4
million in the 2018 second quarter. Adjusted FFO per diluted share was
$0.58, within the company’s guidance of $0.58-$0.61 per share and down
only $0.01 from the 2018 second quarter. The sale of the two western
Pennsylvania hotels reduced Adjusted FFO per share by $0.01 in the
quarter.
* Operating Margins - For its 38 comparable hotels, hotel EBITDA margins
were unchanged at 42.3 percent. Comparable gross operating profit margins
only declined 20 basis points to 49.3 percent.
Chatham Lodging Trust (CLDT) Investor Presentation - Slideshow
seekingalpha.com/article/...-investor-presentation-slideshow#
Chatham Lodging Trust Announces Fourth Quarter 2019 Results
www.bloomberg.com/press-releases/...urth-quarter-2019-results
Fourth Quarter 2019 Key Metrics
* Portfolio Revenue per Available Room (RevPAR) - Declined 4.9 percent to
$118, compared to the 2018 fourth quarter, ahead of guidance expectations
of a decline of 5 percent to 6.5 percent. The 2018 fourth quarter
benefited from one-time-business related to the north Boston gas
explosions and border patrol demand in San Diego. Average daily rate (ADR)
decreased 4.1 percent to $157, and occupancy slipped 0.8 percent to 76
percent.
* Net (loss) - Weakened $2.2 million to a loss of $2.4 million, compared to
the 2018 fourth quarter, due primarily to $1.2 million of one-time
incremental losses in its joint ventures related to property impairments
and a loss on the sale of one joint venture hotel. Net loss per diluted
share was $0.05 versus $0.01.
* Adjusted EBITDA - Decreased $3.0 million to $25.9 million but exceeded the
upper end of the company’s guidance of $25.1 million.
* Adjusted FFO - Declined $3.1 million to $15.3 million but exceeded the
upper end of the company’s guidance of $14.6 million. Adjusted FFO per
diluted share was $0.32, above guidance of $0.28-$0.31 per share.
* Operating Margins - Comparable hotel gross operating profit margins
lessened 150 basis points to 42.6 percent. Comparable hotel EBITDA margins
were down 200 basis points to 34.4 percent, above the company’s guidance
range.
Chatham Lodging Trust (CLDT) CEO Jeff Fisher on Q4 2019 Results - Earnings Call Transcript
seekingalpha.com/article/...-results-earnings-call-transcript
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