Chatham Lodging Q4 AFFO Per Share $0.19 Beats $0.15 Estimate, Sales $72.28M Beat $70.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging (NYSE:CLDT) reported Q4 AFFO per share of $0.19, surpassing the $0.15 estimate, and sales of $72.28M, exceeding the $70.69M estimate. This represents a 5% decrease in AFFO per share year-over-year but a 2.78% increase in sales.
February 27, 2024 | 11:31 am
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POSITIVE IMPACT
Chatham Lodging's Q4 earnings surpassed estimates with AFFO per share at $0.19 and sales of $72.28M, indicating a positive performance despite a slight year-over-year decrease in AFFO.
Beating both AFFO per share and sales estimates indicates a strong financial performance for Chatham Lodging, likely leading to positive investor sentiment. Despite the year-over-year decrease in AFFO per share, the increase in sales and exceeding of estimates should have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100