Chatham Lodging Announces Preferred Dividend
June 15 2022 - 4:05PM
Business Wire
Chatham Lodging Trust (NYSE: CLDT; CLDT-PA), a lodging real
estate investment trust (REIT) that invests in upscale,
extended-stay hotels and premium-branded, select-service hotels and
owns 39 hotels, today announced that its board of trustees has
declared a preferred share dividend of $0.41406 per share, payable
on July 15, 2022, to shareholders of record as of June 30,
2022.
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 39 hotels totaling 5,914 rooms/suites in 16 states
and the District of Columbia. 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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Dennis Craven (Company) Chief Operating Officer (561)
227-1386
Chatham Lodging (NYSE:CLDT)
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