Chatham Lodging Trust CLDT
Chatham Lodging Trust is a publicly traded real estate investment trust specializing in Lodging & Hospitality properties.
Executive Summary: Chatham Lodging Trust (CLDT) Institutional Rating
Quantitative Verdict: Chatham Lodging Trust (CLDT) trades at an annualized dividend yield of 5.99% with an AFFO payout ratio of 60.0%, earning a Dividend Safety Score of 68 / 100 (Moderate Risk). The stock currently trades at a 8.2% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $15.29, backed by an institutional portfolio of 150 commercial properties operating at 74.5% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
Chatham Lodging Trust operates as a Passive Capital Allocator in the Lodging & Hospitality real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 74.5%.
Labor & Overhead Efficiency
- • Total Global Employees: 16
- • Estimated Market Cap: $688.60 M
- • Capital Per Employee: $43.04M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $19.84 | +29.8% | $14.03 | Undervalued |
| 5.54% | $18.05 | +18.1% | $14.03 | Undervalued |
| 6.04% | $16.56 | +8.3% | $14.03 | Undervalued |
| 6.54% Base Case | $15.29 | 0.0% | $14.03 | Undervalued |
| 7.04% | $14.20 | -7.1% | $14.03 | Undervalued |
| 7.54% | $13.26 | -13.3% | $14.03 | Overvalued |
| 8.04% | $12.44 | -18.6% | $14.03 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.2100 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| Chatham Lodging Trust Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 74.5% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: CLDT vs Peers
Institutional CompsDirect peer benchmark comparing Chatham Lodging Trust against its top competitors in the Lodging & Hospitality industry.
| Metric | CLDT (Current) | PRXA | INN | SOHOB |
|---|---|---|---|---|
| Share Price | $14.03 | $35.00 | $6.90 | $3.20 |
| Dividend Yield | 5.99% | 6.00% | 5.94% | 5.94% |
| Dividend Safety Score | 68 / 100 | 68 / 100 | 68 / 100 | 68 / 100 |
| Price / AFFO Multiple | 10.0x | 10.0x | 10.0x | 10.0x |
| NAV Premium / Discount | -8.2% | -8.3% | -8.2% | -8.3% |
| Portfolio Occupancy | 74.5% | 74.5% | 74.5% | 74.5% |
| Commercial Properties | 150 | 150 | 150 | 150 |
Frequently Asked Questions (CLDT FAQ)
Chatham Lodging Trust (CLDT) currently pays an annualized dividend of $0.84 per share, representing an annualized dividend yield of 5.99%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 60.0%, earning a Dividend Safety Score of 68/100 with a risk rating of 'Moderate Risk'.
Based on REITwave's institutional property-level valuation models, Chatham Lodging Trust's consensus base NAV is $15.29 per share. Trading at $14.03, the stock reflects an implied market cap rate of 6.54% and trades at a 8.2% discount to NAV (undervalued).
Chatham Lodging Trust owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 74.5% with a weighted average lease term (WALT) of 6.5 years.
Chatham Lodging Trust currently trades at a Price / AFFO multiple of 10.0x based on forward AFFO per share of $1.40. Its Price / FFO multiple stands at 9.3x against forward FFO per share of $1.51.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Executive Leadership / Chatham Corp. Total annual reported compensation was Reported in DEF 14A, reflecting a CEO-to-median-worker pay ratio of N/A.
Chatham Lodging Trust maintains a Net Debt-to-EBITDA ratio of 4.6x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.