Chatham Lodging Announces Monthly Dividend
September 10 2019 - 08:30AM
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 135
hotels wholly or through joint ventures, today announced that its
board of trustees has declared a monthly common share dividend of
$0.11 for September 2019. The common dividend is payable October
25, 2019, to shareholders of record on September 30, 2019.
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 135 hotels totaling 18,592
rooms/suites, comprised of 40 properties it wholly owns with an
aggregate of 6,092 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/20190910005024/en/
Chatham Lodging Trust Dennis Craven, 561-227-1386
dcraven@cl-trust.com
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