Chatham Lodging Q3 AFFO $0.40 Down From $0.50 YoY, Sales $86.74M Beat $86.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging (NYSE:CLDT) reported Q3 adjusted funds from operations of $0.40 per share, a 20% decrease YoY. However, the company's quarterly sales of $86.74M beat the analyst consensus estimate of $86.29M by 0.52%, despite being a 1.31% decrease YoY.
November 02, 2023 | 10:32 am
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Chatham Lodging's Q3 earnings show a decrease in AFFO per share but an unexpected increase in sales, beating estimates.
Chatham Lodging's Q3 earnings report shows a mixed picture. While the AFFO per share has decreased by 20% YoY, the company managed to beat sales estimates. This could lead to a neutral short-term impact on the stock as the negative and positive news may balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100