Chatham Lodging Announces Monthly Dividend
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Jan 10, 2019--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 January 2019. The common dividend is payable February 22, 2019, to shareholders of record on January 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005013/en/
CONTACT: Chatham Lodging Trust
Dennis Craven, 561-227-1386
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: TRAVEL VACATION LODGING OTHER TRAVEL REIT CONSTRUCTION & PROPERTY
SOURCE: Chatham Lodging Trust
Copyright Business Wire 2019.
PUB: 01/10/2019 08:30 AM/DISC: 01/10/2019 08:30 AM