WEST PALM BEACH, Fla.–(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 May 2019. The
common dividend is payable June 28, 2019, to shareholders of record on
May 31, 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 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.
Contacts
Chatham Lodging Trust
Dennis Craven, 561-227-1386
[email protected]
