# Chatham Lodging Trust (CLDT)

> Source: Nexqual · https://nexqual.com/CLDT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Chatham Lodging Trust (CLDT), nexqual.com/CLDT" · informational, not investment advice.

**Price:** USD 14.25 (-0.56% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 14.33 · day 13.84–14.48 · 52w 6.08–14.74 · market cap $698M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $301M, net income $12.1M (4.0% margin) (SEC filings).
- Valuation: P/E 57.9x (avg 108.6x at the last 3 fiscal year-ends), EV/EBITDA 11.3x, net debt $403M.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (4 analysts), mean target USD 14.33 (range 12.5–15.5).
- Total return with dividends: 1Y +127.0% vs S&P 500 +14.9%; 5Y +32.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.05, revenue estimate $87.2M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $204M | $295M | $311M | $317M | $295M | $301M |
| Gross profit | $84.7M | $134M | $136M | $136M | — | — |
| Operating income | -$17.2M | $36.5M | $28.6M | $33.2M | $40.9M | $37.8M |
| Net income | -$18.4M | $9.8M | $2.6M | $4.2M | $15.1M | $12.1M |
| EPS (diluted) | -$0.46 | $0.04 | -$0.11 | -$0.08 | $0.14 | — |
| Gross margin | 41.5% | 45.5% | 43.6% | 42.9% | — | — |
| Operating margin | -8.4% | 12.4% | 9.2% | 10.5% | 13.9% | 12.5% |
| Net margin | -9.0% | 3.3% | 0.8% | 1.3% | 5.1% | 4.0% |
| Revenue growth | +40.8% | +44.6% | +5.5% | +2.0% | -7.0% | — |
| Cash + short-term investments | $19.2M | $26.3M | $68.1M | $20.2M | $24.4M | — |
| Total debt | $545M | $470M | $486M | $407M | $339M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 57.9x · P/S 2.3x · EV/EBITDA 11.3x · EV/Sales 3.6x · P/B 1.0x · Earnings yield 1.73% · Dividend yield (paid, TTM) 2.70% · Buyback yield (TTM) 2.62% · Net debt $403M · EV $1.10B
P/E at fiscal year-ends: Dec 2025 22.6x, Dec 2024 105.1x, Dec 2023 198.0x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 4 analysts; mean target USD 14.33 (low 12.5, high 15.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Stifel | Target raised | Buy | $15 → $15.5 |
| 2026-07-14 | Stifel | Target raised | Buy | $13 → $14 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +127.0% | +32.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +127.6% | +5.7% |
| Volatility (annualized) | 30.2% | 32.8% |
| Max drawdown | -10.2% (Mar 2026→Mar 2026) | -53.6% (Feb 2022→Mar 2025) |

## Peers (REIT - Hotel & Motel)
INN (Summit Hotel Properties, Inc.) USD 7.03 -0.14% · SVC (Service Properties Trust) USD 6.22 +1.97% · RLJ (RLJ Lodging Trust) USD 12.14 -1.30% · XHR (Xenia Hotels & Resorts, Inc.) USD 19.5 -0.66% · PEB (Pebblebrook Hotel Trust) USD 20.67 -2.04% · SHO (Sunstone Hotel Investors, Inc. ) USD 12.6 -0.08%

## More
Full page: https://nexqual.com/CLDT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CLDT's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1476045/000143774926006103/cldt20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Island Hospitality Management | "We rely on the cybersecurity strategy and policies implemented by IHM, the manager of all the Company's properties, with whom we share corporate office space." |
| Partner | Chatham Lodging | "The net proceeds from our share offerings are contributed to Chatham Lodging, L.P., our operating partnership (the "Operating Partnership"), in exchange for partnership interests." |
| Competitor | Airbnb (ABNB) | "Additional sources of competition, including alternative lodging marketplaces, such as HomeAway and Airbnb, which operate websites that market available furnished, privately-owned residential properties, including homes …" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Occupancy | $80.6M | 91.8% | +9.9% |
| Hotel Other | $5.3M | 6.0% | +10.9% |
| Food & Beverage | $1.6M | 1.8% | -13.9% |
| Total revenue | $87.8M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.05 | $0.04 | +25.0% | $87.2M | 1 |
| Next quarter (ends 2026-12-31) | $-0.11 | $-0.10 | +10.0% | $74.7M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.07 | $-0.14 | -50.0% | $317.3M | 1 |
| Next fiscal year (ends 2027-12-31) | $-0.10 | $0.00 | — | $328.8M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±15.4%; last 8 reports averaged ±3.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 68.4% | ±15.4% |
| 2027-02-19 | 119 | 35.8% | ±19.2% |
| 2027-05-21 | 210 | 27.8% | ±17.5% |