Chatham Lodging Q1 2024 AFFO $0.16 Beats $0.13 Estimate, Sales $68.443M Beat $68.110M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging (NYSE:CLDT) reported Q1 2024 AFFO of $0.16 per share, surpassing the $0.13 estimate, and sales of $68.443M, exceeding the $68.110M estimate. This represents a year-over-year sales increase of 1.23%.
May 06, 2024 | 10:32 am
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Chatham Lodging reported a Q1 2024 AFFO of $0.16 per share, beating estimates, with sales of $68.443M also surpassing expectations.
Chatham Lodging's earnings and sales beat are significant indicators of the company's financial health and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
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IMPORTANCE 90
RELEVANCE 100