WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Chatham Lodging Trust (CLDT) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in West Palm Beach, Florida, said it had funds from operations of $16.4 million, or 32 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $1.5 million, or 3 cents per share.
The real estate investment trust, based in West Palm Beach, Florida, posted revenue of $78.4 million in the period.
For the current quarter ending in December, Chatham Lodging expects its per-share funds from operations to range from 14 cents to 17 cents.
The company expects full-year funds from operations in the range of 96 cents to 99 cents per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLDT at https://www.zacks.com/ap/CLDT
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
