Chatham Lodging Trust: Setting the Stage for 2025

Chatham Lodging Trust (NYSE: CLDT), a leading lodging real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, has announced the date for its 2025 annual meeting of shareholders. The meeting is scheduled for May 6, 2025, at the company's corporate offices in West Palm Beach, Florida. This announcement sets the stage for the company's shareholders to gather and discuss the year's performance, strategic initiatives, and future prospects.



The 2025 annual meeting will provide an opportunity for Chatham Lodging Trust's shareholders to engage with the company's leadership, including Jeffrey H. Fisher, the company's president and CEO, and Dennis M. Craven, the executive vice president and chief operating officer. Shareholders can expect to hear updates on the company's financial performance, growth strategies, and plans for the coming year.

One of the key topics likely to be discussed at the 2025 annual meeting is the company's strong financial performance in 2024. Chatham Lodging Trust reported a net loss of $(1.9) million for the fourth quarter, a significant improvement from the net loss of $(9.3) million in the same period last year. The company's adjusted funds from operations (AFFO) per diluted share increased to $0.20, up from $0.19 in the 2023 fourth quarter. Additionally, the company's gross operating profit (GOP) margins surged to 40.5%, up from 39.0% in the 2023 fourth quarter.

Another important topic that may be addressed at the 2025 annual meeting is the company's asset recycling strategy. In 2024, Chatham Lodging Trust sold or under contract to sell six hotels, generating net proceeds of approximately $101 million. This strategy has allowed the company to upgrade its portfolio and strengthen its balance sheet, with net debt reduced by $29 million in 2024 and overall leverage ratio lowered to 23%.

The 2025 annual meeting will also provide an opportunity for shareholders to engage with the company's board of trustees and discuss the company's long-term strategies, including its focus on technology markets and continued expansion into high-growth segments. Shareholders may also inquire about the company's commitment to sustainability and environmental, social, and governance (ESG) initiatives, as well as its plans to maintain and grow its dividend.

In conclusion, the announcement of the 2025 annual meeting of Chatham Lodging Trust sets the stage for an engaging and informative gathering of shareholders, where they can discuss the company's performance, strategies, and future prospects. As the company continues to grow and adapt to the changing landscape of the lodging industry, shareholders can look forward to a productive and insightful annual meeting.