Chatham Lodging Announces Monthly Dividend
December 10 2018 - 8:30AM
Business Wire
Chatham Lodging Trust (NYSE: CLDT), a lodging real estate
investment trust (REIT) that invests in upscale, extended-stay
hotels and premium-branded, select-service hotels and owns 137
hotels wholly or through joint ventures, today announced that its
board of trustees has declared a monthly common share dividend of
$0.11 for December 2018. The common dividend is payable January 25,
2019, to shareholders of record on December 31, 2018.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised, publicly-traded real
estate investment trust focused primarily on investing in upscale,
extended-stay hotels and premium-branded, select-service hotels.
The company owns interests in 137 hotels totaling 18,783
rooms/suites, comprised of 42 properties it wholly owns with an
aggregate of 6,283 rooms/suites in 15 states and the District of
Columbia and a minority investment in two joint ventures that own
95 hotels with an aggregate of 12,500 rooms/suites. Additional
information about Chatham may be found at
chathamlodgingtrust.com
Included in this press release are certain “non-GAAP financial
measures,” within the meaning of Securities and Exchange Commission
(SEC) rules and regulations, that are different from measures
calculated and presented in accordance with GAAP (generally
accepted accounting principles). The company considers the
following non-GAAP financial measures useful to investors as key
supplemental measures of its operating performance: (1) FFO,
(2) Adjusted FFO, (3) EBITDA, and (4) Adjusted
EBITDA. These non-GAAP financial measures could be considered along
with, but not as alternatives to, net income or loss, cash flows
from operations or any other measures of the company’s operating
performance prescribed by GAAP.
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version on businesswire.com: https://www.businesswire.com/news/home/20181210005022/en/
Chatham Lodging TrustDennis Craven, 561-227-1386dcraven@cl-trust.com
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