Chatham Lodging Trust reported stronger-than-expected Q1 results, raising full-year guidance and increasing its dividend by 11%.
Chatham Lodging Trust (NYSE:CLDT) posted first-quarter adjusted FFO of $0.20 per share and adjusted EBITDA of $18.4 million, exceeding expectations. Hotel EBITDA reached $21.4 million, with GOP margins up 60 basis points year-over-year to 42.2%.
The company raised its 2026 guidance by 15% since February, citing strong operating results, an accretive acquisition, and improved demand in Silicon Valley. Hotel EBITDA margins expanded 140 basis points, supported by $500,000 in property tax refunds and expense controls.
Chatham also increased its common dividend by 11% in Q1, following a 28% hike in 2025. The dividend remains well-covered, with a payout ratio of 32% based on updated guidance.