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Chatham Lodging Trust

Chatham Lodging Trust (CLDT) is a publicly-traded real estate investment trust (REIT) specializing in ownership and operation of upscale, extended-state-hotels and premium-branded select-service hotels. The company's portfolio consists of 39 hotels with approximately 6,500 rooms, primarily located in urban, airport, and resort-oriented markets.

A. Company Overview:

* Type: Real Estate Investment Trust (REIT)

* Industry: Hospitality

* Founded: 2010

* Headquarters: West Palm Beach, Florida

* Listed on NASDAQ Stock Exchange

* Symbol: CLDT

* Market Capitalization: ~$350 million (as of Feb 2023)

B. Financials and Growth:

For the fiscal year 2021, Chatham Lodging Trust reported the following:

* Total Revenues: $173.4 million

* Net Income: $12.5 million

* Adjusted Funds From Operations (AFFO): $46.8 million

* AFFO per share: $1.27

As for growth, Chatham Lodging Trust’s revenue and net income have been recovering since the onset of the COVID-19 pandemic. Analysts expect the trend to continue, considering improvements in travel and tourism activities.

C. Dividend Information:

Chatham Lodging Trust pays a quarterly dividend, with the most recent being $0.23 per share. The annualized dividend yield is ~5.1% (as of February 2023), and the company has a consistent history of increasing or maintaining its dividends.

D. Risks and Challenges:

Investing in Chatham Lodging Trust, or the hospitality industry, involves certain risks. These include economic downturns that affect travel, changes in consumer behavior, natural disasters, pandemics, and potential decreases in operating cash flows, which could affect the ability to pay and increase dividends and maintain liquidity.

E. Future Outlook:

The hospitality sector, including Chatham Lodging Trust, is expected to recover further with improving economy conditions. The company's focus on upscale hotels and extended-stay properties should provide stability, as these segments proved more resilient during the pandemic. Additionally, Chatham's strong balance sheet and continued growth efforts provide shareholders with confidence in the company's future.

This report is for informational purposes only and does not constitute financial advice. Investors should conduct their research and consult with a financial advisor before making investment decisions.