Chatham Lodging Trust (NYSE:CLDT ) Q2 2025 Earnings Conference Call August 6, 2025 10:00 AM ET Company Participants Dennis M. Craven - Executive VP & COO Jeffrey H.
REITs had another month of recovery in June (+2.56% average total return), but despite back-to-back gains remain in negative territory YTD (-5.65%). Micro cap REITs (+7.19%) outperformed for the first time this year in June, while small caps (+2.99%), mid caps (+1.80%) and large caps (+0.03%) saw smaller gains. 63.87% of REIT securities had a positive total return in June.
Chatham Lodging Trust has a solid asset base, high unencumbered asset ratio, and moderate leverage, supporting a Ba1 overall credit rating. CLDT's preferred stock is rated two notches lower at Ba3, reflecting higher risk for preferred investors despite a current yield of 8.12%. The company's EBITDA covers interest and preferred dividends 2.3 times, but fixed cost coverage and market positioning...
Chatham Lodging Trust 6.625% RED PFD A is trading at a discount and yields above 8% with a set liquidation value. Its solvency and liquidity risk metrics are robust. Moreover, an implied cap rate of 9.6% and a well-timed debt maturity schedule add gravity. The REIT reported another net loss in Q1. However, the loss can mainly be attributed to depreciation and other non-core expenses.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Declares Quarterly Common, Preferred Dividend.
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