Chatham Lodging Announces Monthly Dividend

WEST PALM BEACH, Fla.--()--Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced that its board of trustees has declared a monthly common share dividend of $0.11 for October 2016. The common dividend is payable November 25, 2016, to shareholders of record on October 31, 2016.

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 interests in 133 hotels totaling 18,178 rooms/suites, comprised of 38 properties it wholly owns with an aggregate of 5,680 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites. 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.

Contacts

Media:
Daly Gray Public Relations
Chris Daly, 703-435-6293
chris@dalygray.com
or
Company:
Chatham Lodging Trust
Dennis Craven, 561-227-1386
dcraven@cl-trust.com

Release Summary

Chatham Lodging Trust (NYSE: CLDT), a lodging REIT, declared a monthly common share dividend of $0.11 for October 2016, payable November 25, 2016, to shareholders of record on October 31, 2016.

Contacts

Media:
Daly Gray Public Relations
Chris Daly, 703-435-6293
chris@dalygray.com
or
Company:
Chatham Lodging Trust
Dennis Craven, 561-227-1386
dcraven@cl-trust.com