Chatham Lodging (CLDT)
NYSE:CLDT
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management reported strong operational execution, meaningful margin expansion, an accretive $92 million acquisition that is outperforming underwriting, active and opportunistic share repurchases, and an improved 2026 outlook (guidance raised ~15% since February). These positives were balanced with localized weakness in certain markets (coastal Northeast, Dallas, Austin), softness in the convention calendar leading to an expected ~2% RevPAR decline in some convention-driven periods, renovation-related disruptions, higher utilities, and macro/geopolitical uncertainties. Overall, the highlights—especially Silicon Valley outperformance, margin gains, accretive acquisition, and capital return activity—materially outweigh the lowlights.Company Guidance
Raised Guidance and Strong Capital Returns
Company increased 2026 guidance by approximately 15% since February; common dividend raised 11% in Q1 (after a 28% increase in 2025) with a common dividend to FFO payout ratio of ~32%, indicating strong coverage and room to grow.
Aggressive Share Repurchases
Repurchased 2.2 million shares (~4% of common equity) through Q1 at an average price of $7.04 (equating to a ~10% cap rate on 2026 guidance); additional ~200k shares bought in April at ~$8.34; $25 million repurchase plan expected to be completed in 2026 using free cash flow (free cash flow was $15M in 2025 and projected ~$20M in 2026).
Accretive Acquisition of Six Hilton-Branded Hotels
Closed acquisition of six Hilton-branded hotels (589 rooms) for $92 million on March 3; portfolio average age ~10 years, 66% extended-stay, limited near-term CapEx, funded with revolver at ~5.1%; acquisition producing RevPAR growth of 6% in Q1 and 7% in April with Q1 occupancy of 74%; company leverage ratio post-acquisition ~32.5%.
Operational Outperformance and Margin Expansion
Comparable hotel EBITDA grew 5% in Q1 and hotel EBITDA margins expanded by ~135–140 basis points year over year; Q1 hotel EBITDA was $21.4 million; GOP margin was 40.2% and hotel EBITDA margin was 31.8%; GOP up ~60 bps vs Q1 2025 driven by expense control.
Strong RevPAR Performance, Led by Silicon Valley
Portfolio RevPAR finished Q1 up 1% (improving from −5% in January to +1% in February and +5% in March); Silicon Valley (ex-Mountain View renovation) RevPAR up 23% in the quarter, occupancy at four Silicon Valley hotels 72% (flat YOY), ADR up 10% to $210 and RevPAR $152 (post-pandemic quarterly high). Two Sunnyvale hotels +26% RevPAR in the quarter and +12% in April; over two-thirds of hotels generated RevPAR growth and ~25% posted double-digit RevPAR gains.
Strong Expense Control and Labor Efficiency
Labor and benefits per occupied room decreased by over 1% (about $0.50 per occupied room) in Q1; hotel EBITDA margins benefited from expense control and ~$0.5M in property tax refunds; company noted lower insurance renewals and some property tax refunds helped offset ~12% increase in utility costs at comparable hotels.
Prudent CapEx and Development Plans
Q1 CapEx was approximately $6 million with full-year CapEx budget ~ $27 million; limited near-term CapEx required for the six acquired hotels (only one hotel—Hampton Inn & Suites Paducah—scheduled for renovation over the next two years); development of Portland, Maine hotel expected to commence (opening targeted before fall 2028).
Conservative but Positive Full-Year Guidance
2026 guidance: RevPAR growth of 0% to 2%; adjusted EBITDA of $95.3M–$99.6M; adjusted FFO per share $1.21–$1.29. Q2 RevPAR expected to increase ~1%–2%. Management reiterated intent to continue opportunistic acquisitions and repurchases.
CLDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CLDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $8.85 | $9.96 | +12.54% |
Feb 25, 2026 | $7.22 | $7.30 | +1.23% |
Sep 30, 2025 | $6.59 | $6.54 | -0.73% |
Aug 06, 2025 | $6.45 | $6.55 | +1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chatham Lodging (CLDT) report earnings?
Chatham Lodging (CLDT) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Chatham Lodging (CLDT) earnings time?
Chatham Lodging (CLDT) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLDT EPS forecast?
CLDT EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.