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Chatham Lodging +1.1% on stronger-than-expected revpar growth

Jan. 10, 2019 7:36 AM ETChatham Lodging Trust (CLDT) StockBy: Liz Kiesche, SA News Editor7 Comments
  • Chatham Lodging (NYSE:CLDTgains 1.1% in premarket trading after reporting Q4 preliminary room revenue and revenue per available room that surpassed its earlier guidance as gas explosions in the Boston area increased hotel room demand.
  • Sees adjusted funds form operations per share exceeding upper-end of its guidance range; saw 32 cents-36 cents (from Q3 release on Oct. 31).
  • Estimates Q4 room revenue at $69M; had seen $65.5M-$67.0M.
  • Q4 preliminary RevPAR of $125 vs. forecast of $119-$121.
  • RevPAR growth of 4% vs. forecast of -1%-+1%.
  • Previously: More on Chatham Lodging Q3: Expects October RevPar up 3% (Oct. 31, 2018)

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