CLDTChatham Lodging Trust
Real Estate Investment Trusts
- Revenue
- $295M
- 7.0% YoY
- Operating margin
- 13.9%
- 32% YoY
- EBITDA
- $101M
- 7.1% YoY
- Market cap
- $687M
- Employees
- —
- Net debt / EBITDA
- 4.0×
- $403M net debt
- AI in 10-K
- 1.1
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo426% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo41% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.1 per 10K words · 37th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo4.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$687M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $204M | $295M | $311M | $317M | $295M | 7.0% |
| Operating income | −$17M | $36M | $29M | $33M | $41M | 23% |
| Net income | −$18M | $10M | $3M | $4M | $15M | 261% |
| Operating cash flow | $29M | $72M | $76M | $74M | $64M | 13% |
| Stock-based comp | $5M | $6M | $6M | $6M | $6M | 2.2% |
| Buybacks | — | — | $0 | $0 | $9M | |
| Dividends | $282K | $147K | $14M | $14M | $18M | 23% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.