CLDT on NYSE
Chatham Lodging Trust
Dollar amounts presented in this Item 1 are in thousands, except per share data.3 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerCLDT on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersWest Palm Beach, Florida1
- Incorporated inMD2
- Business address222 Lakeview Avenue, Suite 200, West Palm Beach, Fl 334012
- Filer categoryAccelerated filer2
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Dollar amounts presented in this Item 1 are in thousands, except per share data.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
13.9%Operating margin4
5.1%Net margin4
-7.0%Revenue growth, 20254
2.0%Return on equity4
0.46×Debt to equity4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Occupancy brought in 92% of the revenue Chatham Lodging Trust broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Occupancy | $285.0M | $290.3M | $269.2M |
| Hotel, Other | $16.7M | $18.1M | $17.9M |
| Food and Beverage | $8.1M | $7.7M | $6.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin6¢$16.6M
- Other costs89¢$263.4M
- Profit5¢$15.1M
Out of $295.1M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid27¢$17.6M
- Share buybacks14¢$9.0M
- Kept or used elsewhere59¢$37.5M
Out of $64.1M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Reimbursable costs from related parties | $1.1M | $1.1M | $1.3M |
| Total revenue | $295.1M | $317.2M | $311.1M |
| Depreciation and amortization | $59.7M | $60.7M | $58.3M |
| Impairment loss | $0 | $4.3M | $4.3M |
| Property taxes, ground rent and insurance | $22.0M | $23.7M | $23.5M |
| General and administrative | $16.6M | $18.4M | $17.5M |
| Other charges | $27.0K | $327.0K | $2.3M |
| Reimbursable costs from related parties | $1.1M | $1.1M | $1.3M |
| Total operating expenses | $268.6M | $289.7M | $282.5M |
| Operating income before gain on sale of hotel properties | $26.5M | $27.5M | $28.6M |
| Gain on sale of hotel properties | $14.4M | $5.7M | $18.0K |
| Operating income | $40.9M | $33.2M | $28.6M |
| Interest and other income | $270.0K | $1.7M | $1.5M |
| Interest expense, including amortization of deferred fees | -$25.7M | -$30.9M | -$27.1M |
| Loss on early extinguishment of debt | -$174.0K | -$17.0K | -$696.0K |
| Gain from partial lease termination | $0 | $0 | $164.0K |
| Income before income tax expense | $15.3M | $4.0M | $2.5M |
| Income tax expense | $0 | $0 | $0 |
| Net income | $15.3M | $4.0M | $2.5M |
| Net (income) loss attributable to non-controlling interest | -$260.0K | $131.0K | $156.0K |
| Net income attributable to Chatham Lodging Trust | $15.1M | $4.2M | $2.6M |
| Preferred dividends | -$8.0M | -$8.0M | -$8.0M |
| Net income (loss) attributable to common shareholders | $7.1M | -$3.8M | -$5.3M |
| Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) | $0.14 | -$0.08 | -$0.11 |
| Net income (loss) attributable to common shareholders (Note 10) (in dollars per share) | $0.14 | -$0.08 | -$0.11 |
| Basic (in shares) | 48.8M shares | 48.9M shares | 48.8M shares |
| Diluted (in shares) | 50.0M shares | 48.9M shares | 48.8M shares |
| Dividends declared (in dollars per share) | $0.36 | $0.28 | $0.28 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real Estate Investment Property, Net | $1.1B | $1.2B | ||
| Cash and cash equivalents | $24.4M | $20.2M | ||
| Restricted cash | $8.2M | $9.6M | ||
| Right of use asset, net | $16.9M | $17.5M | ||
| Hotel receivables (net of allowance for doubtful accounts of $261 and $300, respectively) | $2.8M | $2.9M | ||
| Deferred costs, net | $7.4M | $4.0M | ||
| Prepaid expenses and other assets | $3.7M | $2.8M | ||
| Total assets | $1.2B | $1.3B | ||
| Mortgage debt, net | $141.5M | $157.2M | ||
| Revolving credit facility | $0 | $110.0M | ||
| Unsecured term loan, net | $197.4M | $139.6M | ||
| Accounts payable and accrued expenses (including $234 and $490 due to related parties, respectively) | $26.6M | $29.6M | ||
| Operating and Finance Lease, Liabilities | $20.1M | $20.6M | ||
| Distributions payable | $6.7M | $5.6M | $5.4M | |
| Total liabilities | $392.3M | $462.7M | ||
| Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at December 31, 2025 and 2024, respectively | $48.0K | $48.0K | ||
| Common shares, $0.01 par value, 500,000,000 shares authorized; 47,708,587 and 48,912,293 shares issued and outstanding at December 31, 2025 and 2024, respectively | $477.0K | $489.0K | ||
| Additional paid-in capital | $1.0B | $1.0B | ||
| Accumulated deficit | -$299.5M | -$289.1M | ||
| Total shareholders equity | $740.8M | $758.2M | ||
| Noncontrolling interest in operating partnership | $37.2M | $33.8M | ||
| Total equity | $778.0M | $792.0M | $804.4M | $818.0M |
| Total liabilities and equity | $1.2B | $1.3B | ||
| Allowance for doubtful accounts | $261.0K | $300.0K | ||
| Preferred shares, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred shares, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred shares, issued (in shares) | 4.8M shares | 4.8M shares | ||
| Preferred shares, outstanding (in shares) | 4.8M shares | 4.8M shares | ||
| Common shares, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common shares, issued (in shares) | 47.7M shares | 48.9M shares | ||
| Common shares, outstanding (in shares) | 47.7M shares | 48.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real Estate Investment Property, Net | $1.1B | $1.2B | ||
| Cash and cash equivalents | $24.4M | $20.2M | ||
| Restricted cash | $8.2M | $9.6M | ||
| Right of use asset, net | $16.9M | $17.5M | ||
| Hotel receivables (net of allowance for doubtful accounts of $261 and $300, respectively) | $2.8M | $2.9M | ||
| Deferred costs, net | $7.4M | $4.0M | ||
| Prepaid expenses and other assets | $3.7M | $2.8M | ||
| Total assets | $1.2B | $1.3B | ||
| Mortgage debt, net | $141.5M | $157.2M | ||
| Revolving credit facility | $0 | $110.0M | ||
| Unsecured term loan, net | $197.4M | $139.6M | ||
| Accounts payable and accrued expenses (including $234 and $490 due to related parties, respectively) | $26.6M | $29.6M | ||
| Operating and Finance Lease, Liabilities | $20.1M | $20.6M | ||
| Distributions payable | $6.7M | $5.6M | $5.4M | |
| Total liabilities | $392.3M | $462.7M | ||
| Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at December 31, 2025 and 2024, respectively | $48.0K | $48.0K | ||
| Common shares, $0.01 par value, 500,000,000 shares authorized; 47,708,587 and 48,912,293 shares issued and outstanding at December 31, 2025 and 2024, respectively | $477.0K | $489.0K | ||
| Additional paid-in capital | $1.0B | $1.0B | ||
| Accumulated deficit | -$299.5M | -$289.1M | ||
| Total shareholders equity | $740.8M | $758.2M | ||
| Noncontrolling interest in operating partnership | $37.2M | $33.8M | ||
| Total equity | $778.0M | $792.0M | $804.4M | $818.0M |
| Total liabilities and equity | $1.2B | $1.3B | ||
| Allowance for doubtful accounts | $261.0K | $300.0K | ||
| Preferred shares, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred shares, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred shares, issued (in shares) | 4.8M shares | 4.8M shares | ||
| Preferred shares, outstanding (in shares) | 4.8M shares | 4.8M shares | ||
| Common shares, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common shares, issued (in shares) | 47.7M shares | 48.9M shares | ||
| Common shares, outstanding (in shares) | 47.7M shares | 48.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Book income before income taxes | $15.3M | $4.0M | $2.5M |
| Depreciation and amortization of investment in hotel properties | $59.6M | $60.5M | $58.0M |
| Amortization of deferred franchise fees | $198.0K | $211.0K | $214.0K |
| Amortization of deferred financing fees included in interest expense | $1.5M | $1.4M | $1.2M |
| Gain on sale of hotel properties | -$14.4M | -$5.7M | -$18.0K |
| Impairment loss | $0 | $4.3M | $4.3M |
| Write-off of hotel development costs included in other charges | $0 | $0 | $2.2M |
| Loss on early extinguishment of debt | $174.0K | $17.0K | $672.0K |
| Gain (Loss) on write-off of deferred franchise fee | $0 | $50.0K | $0 |
| Share based compensation | $6.3M | $6.4M | $6.1M |
| Gain from partial lease termination | $0 | $0 | -$164.0K |
| Right of use asset | $635.0K | $593.0K | $625.0K |
| Hotel receivables | $92.0K | $1.3M | $803.0K |
| Deferred costs | -$1.2M | -$271.0K | -$102.0K |
| Prepaid expenses and other assets | -$1.0M | $942.0K | -$382.0K |
| Accounts payable and accrued expenses | -$2.5M | $256.0K | $1.0M |
| Lease liability | -$541.0K | -$159.0K | -$604.0K |
| Net cash provided by operating activities | $64.1M | $73.8M | $76.4M |
| Improvements and additions to hotel properties | -$24.5M | -$30.6M | -$28.1M |
| Acquisition of hotel properties, net | $0 | -$43.7M | $0 |
| Proceeds from sale of hotel properties, net | $70.0M | $45.9M | $0 |
| Payments of franchise application costs | -$110.0K | -$700.0K | $0 |
| Net cash provided by (used in) investing activities | $45.4M | -$29.2M | -$28.1M |
| Borrowings on revolving credit facility | $15.0M | $150.0M | $0 |
| Repayments on revolving credit facility | -$125.0M | -$40.0M | $0 |
| Repayments on construction loan | $0 | $0 | -$39.3M |
| Borrowings on unsecured term loan | $200.0M | $50.0M | $90.0M |
| Repayments on unsecured term loan | -$140.0M | $0 | $0 |
| Repayments of mortgage debt | -$16.0M | -$297.2M | -$117.7M |
| Proceeds from the issuance of mortgage debt | $0 | $60.3M | $82.9M |
| Principal payments on finance lease | -$26.0K | -$15.0K | $0 |
| Payments of financing costs | -$6.2M | -$1.1M | -$1.5M |
| Payment of offering costs on common shares | $0 | -$278.0K | -$2.0K |
| Proceeds from issuance of common shares | $54.0K | $53.0K | $61.0K |
| In-substance repurchase of vested common shares | -$5.0K | $0 | $0 |
| Repurchases of common shares | -$9.0M | $0 | $0 |
| Distributions - common shares/units | -$17.6M | -$14.4M | -$14.2M |
| Distributions - preferred shares | -$8.0M | -$8.0M | -$8.0M |
| Net cash used in financing activities | -$106.6M | -$100.6M | -$7.7M |
| Net change in cash, cash equivalents and restricted cash | $2.8M | -$55.9M | $40.6M |
| Cash paid for interest | $24.2M | $29.5M | $24.9M |
| Cash paid for taxes | $637.0K | $871.0K | $930.0K |
| Remeasurement of right of use asset from partial lease termination | $0 | $0 | $531.0K |
| Remeasurement of lease liability from partial lease termination | $0 | $0 | $695.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Chatham Lodging Trust, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerJeffrey H. Fisher Apr 27, 2010 to now12
- ChairJeffrey H. Fisher Apr 27, 2010 to Mar 3, 202512
- PresidentJeffrey H. Fisher Apr 27, 2010 to now12
- Chief financial officerJeremy Bruce Wegner Jun 23, 2015 to now13
- Chief financial officerJulio E. Morales Apr 27, 2010 to May 24, 201014
- Chief financial officerDennis M. Craven Sep 16, 2010 to Feb 5, 201515
- Chief operating officerDennis M. Craven Jan 19, 2016 to now16
Board members and other officers (14)
- EVP & Chief Investment OfficerPeter Willis Apr 16, 2010 to Mar 3, 202017
- Board memberJeffrey H. Fisher Mar 3, 2026 to now18
- Board memberWilliam P. Brown Sep 14, 2026 to now19
- Board memberDavid Grissen Aug 16, 2021 to now20
- Board memberEthel Isaacs Williams Aug 26, 2021 to now21
- Board memberMary Elizabeth Higgins Dec 26, 2018 to now22
- Board memberEdwin B. Brewer Jr. Jan 11, 2017 to now23
- Board memberC. Gerald Goldsmith Apr 28, 2010 to May 13, 201924
- Board memberGlen R. Gilbert Apr 28, 2010 to Jan 17, 201725
- Board memberJack P. Deboer Apr 28, 2010 to Jan 19, 202126
- Board memberJoel F. Zemans Apr 28, 2010 to Jan 19, 201627
- Board memberRobert D. Perlmutter Apr 28, 2010 to Jan 16, 202528
- Board memberRolf E. Ruhfus Apr 28, 2010 to now29
- Board memberThomas J. Crocker Apr 28, 2010 to Jan 17, 202330
Timeline
- Apr 27, 2010New chief executive Jeffrey H. Fisher becomes CEO12
Filings
181 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 59 insider forms, 35 large holders, 28 other. The latest 20:
- Sep 14, 20264 EDGAR
- Sep 14, 20263 EDGAR
- Sep 14, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026SCHEDULE 13G EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- May 13, 2026SCHEDULE 13G EDGAR
- May 12, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- May 6, 20268-K/A EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Mar 31, 2026DEFA14A EDGAR
- Mar 31, 2026DEF 14A EDGAR
- Mar 31, 2026ARS EDGAR
- Mar 31, 2026SCHEDULE 13G EDGAR
The 181 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 8 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 10, 2024 | CRAVEN DENNIS MEVP & COO | Buy | 12,000 | $7.88 | $94.6K | Form 4 |
| Jun 9, 2023 | Williams Ethel IsaacsDirector | Sale | 2,000 | $9.92 | $19.8K | Form 4 |
| Jun 1, 2023 | Brewer Edwin B JRDirector | Buy | 8,800 | $18.95 | $166.8K | Form 4 |
| Mar 17, 2023 | CRAVEN DENNIS MEVP & COO | Buy | 1,000 | $9.97 | $10.0K | Form 4 |
| Mar 16, 2023 | FISHER JEFFREY HPresident and CEO | Buy | 10,000 | $10.28 | $102.8K | Form 4 |
| Mar 15, 2023 | CRAVEN DENNIS MEVP & COO | Buy | 4,000 | $10.30 | $41.2K | Form 4 |
| May 20, 2022 | PERLMUTTER ROBERT DDirector | Buy | 4,200 | $11.84 | $49.7K | Form 4 |
| May 18, 2022 | Brewer Edwin B JRDirector | Buy | 10,000 | $21.25 | $212.5K | Form 4 |
| Mar 11, 2022 | Williams Ethel IsaacsDirector | Sale | 1,000 | $14.14 | $14.1K | Form 4 |
| Nov 19, 2021 | FISHER JEFFREY HPresident and CEO | Buy | 10,000 | $12.52 | $125.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Sculptor Capital LPSCHEDULE 13G/A, 2 filings Mar 31, 2026 to Aug 14, 202631
- DONALD SMITH & CO., INC.SCHEDULE 13G, 8 filings Oct 25, 2024 to Aug 11, 202632
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 31, 202633
- BlackRock Portfolio Management LLCSCHEDULE 13G/A, 2 filings Apr 15, 2025 to Jul 8, 202634
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202635
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 202636
- FULLER & THALER ASSET MANAGEMENT, INC.SCHEDULE 13G/A, 5 filings Feb 8, 2022 to Sep 5, 202537
- BlackRockSCHEDULE 13G/A, 1 filing Feb 5, 202538
- State Street CorporationSC 13G/A, 3 filings Feb 9, 2022 to Oct 17, 202439
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 8,972,566 | $118.7M | 0.0% | +1,888,656 |
| Donald Smith & Co., Inc. | 3,974,821 | $52.6M | 0.9% | −681,621 |
| Vanguard Portfolio Management LLC | 2,694,251 | $35.6M | 0.0% | +24,563 |
| Goldman Sachs Group Inc | 2,091,303 | $27.7M | 0.0% | +197,955 |
| Vanguard Capital Management LLC | 1,988,164 | $26.3M | 0.0% | −75,752 |
| Blackstone Inc. | 1,621,000 | $21.4M | 0.1% | No change |
| Fuller & Thaler Asset Management, Inc. | 1,512,558 | $20.0M | 0.1% | −55,385 |
| Geode Capital Management, LLC | 1,329,644 | $17.6M | 0.0% | +304 |
| Arrowstreet Capital, Limited Partnership | 1,223,894 | $16.2M | 0.0% | No change |
| Ameriprise Financial Inc | 1,219,405 | $16.1M | 0.0% | +138,610 |
| Aqr Capital Management LLC | 1,124,357 | $14.9M | 0.0% | +39,488 |
| State Street Corp | 1,040,484 | $13.9M | 0.0% | +73,522 |
| Renaissance Technologies LLC | 869,775 | $11.5M | 0.0% | −49,300 |
| Kennedy Capital Management LLC | 810,476 | $10.7M | 0.2% | −14,908 |
| Aegis Financial Corp | 678,530 | $9.0M | 1.4% | No change |
| Jpmorgan Chase & Co | 543,041 | $7.2M | 0.0% | −85,541 |
| Two Sigma Investments, LP | 475,102 | $6.3M | 0.0% | +246,287 |
| Morgan Stanley | 460,983 | $6.1M | 0.0% | −8,094 |
| Peapod Lane Capital LLC | 457,149 | $6.0M | 4.1% | +7,128 |
| Dimensional Fund Advisors LP | 425,473 | $5.6M | 0.0% | −109,400 |
| Northern Trust Corp | 403,387 | $5.3M | 0.0% | +12,924 |
| Panagora Asset Management Inc | 402,913 | $5.3M | 0.0% | +28,502 |
| Charles Schwab Investment Management Inc | 387,603 | $5.1M | 0.0% | −19,742 |
| Bank Of America Corp /de/ | 376,256 | $5.0M | 0.0% | −16,941 |
| D. E. Shaw & Co., Inc. | 375,690 | $5.0M | 0.0% | −50,456 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Dec 29, 2021 | Bill HagertyRepublican, Senate | Sale | $1,001 - $15,000 | +58.3% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARJeffrey H. Fisher, Board member
- 19SEC EDGARWilliam P. Brown, Board member
- 20SEC EDGARDavid Grissen, Board member
- 21SEC EDGAREthel Isaacs Williams, Board member
- 22SEC EDGARMary Elizabeth Higgins, Board member
- 23SEC EDGAREdwin B. Brewer Jr., Board member
- 24SEC EDGARC. Gerald Goldsmith, Board member
- 25SEC EDGARGlen R. Gilbert, Board member
- 26SEC EDGARJack P. Deboer, Board member
- 27SEC EDGARJoel F. Zemans, Board member
- 28SEC EDGARRobert D. Perlmutter, Board member
- 29SEC EDGARRolf E. Ruhfus, Board member
- 30SEC EDGARThomas J. Crocker, Board member
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