Chatham Lodging Trust Expects Q2 Total Hotel Revenue Of $84.3M-$85.4M And Adjusted FFO Per Share Of $0.33-$0.36 Vs. $0.42 Consensus
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging Trust (CLDT) projects Q2 2024 total hotel revenue between $84.3M-$85.4M and adjusted FFO per share of $0.33-$0.36, below the consensus of $0.42. The guidance includes assumptions such as no renovations, repayment of a $29M mortgage, $50M in additional term loan borrowings, and $60M in CMBS debt issuance, with no further acquisitions, dispositions, or equity issuance planned.
May 06, 2024 | 10:39 am
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Chatham Lodging Trust expects Q2 2024 revenue of $84.3M-$85.4M and adjusted FFO per share of $0.33-$0.36, below the $0.42 consensus.
The projected adjusted FFO per share being below consensus indicates potential underperformance compared to market expectations, which could lead to negative investor sentiment and a short-term decrease in stock price.
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