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Chatham Lodging Trust (CLDT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Chatham Lodging Trust (CLDT) Q3 2026 earnings results →
Q3 2026 Revenue up 16% year over year to $90.9M · 8¢ of every $1 of revenue kept as net profit · operating margin 15.7%
Chatham Lodging Trust made $90.9M in Q3 2026 (+16% Y/Y): Occupancy $83.3M, Hotel, Other $5.7M, Food and Beverage $1.6M. Operating margin 15.7%, net earnings $7.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $90.9M in Q3 2026, up 16% year over year and up 4% from the previous quarter. Occupancy was the largest line at 92% of revenue. Occupancy added $11.4M year over year (up 16%), 91% of the total change.
Operating profit was $14.3M, a 15.7% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 13% margin then. Total costs grew 12% against revenue growth of 16%. The fastest-growing cost line was SG&A (+14%). Net earnings were $7.3M, up 105% year over year. The effective tax rate was 0.8%.
Operating cash flow was $28.9M (up 13% year over year), 387% of net income including minority interests. Non-cash charges added back $16.1M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $3.8M. Capital expenditures of $1.3M left free cash flow of $27.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $90.9M | +16% | 15.7% | $7.3M | $28.9M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $87.8M | +9% | 17.5% | $8.2M | $25.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $67.5M | -2% | 2.4% | −$4.5M | $13.3M |
| Q4 2025 | 10-K | Feb 27, 2026 | $67.7M | -10% | 15.9% | $4.6M | $12.3M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $78.4M | -10% | 12.7% | $3.5M | $25.6M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $80.3M | -7% | 14.8% | $5.4M | $22.1M |
| Q1 2025 | 10-Q | May 6, 2025 | $68.6M | +0.3% | 12.1% | $1.5M | $4.2M |
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About Chatham Lodging Trust
Chatham Lodging Trust (“we,” “us” or the “Company”) was formed as a Maryland real estate investment trust on October 26, 2009. We elected to be taxed as a REIT for federal income tax purposes commencing with our 2010 taxable year. The Company is internally-managed and invests primarily in upscale extended-stay and premium-branded select-service hotels. We had no operations prior to the consummation of our initial public offering ("IPO") in April 2010. The net proceeds from our share offerings are contributed to Chatham Lodging, L.P., our operating partnership (the “Operating Partnership”), in exchange for partnership interests. Substantially all of the Company’s assets are held by, and all of its operations are conducted through, the Operating Partnership.
In its own words, from its 10-K, filed Feb 27, 2026.
Chatham Lodging Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +14%. Operating margin: 15.7% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CLDT Chatham Lodging Trust | Q3 2026 | $90.9M | +16% | 15.7% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Chatham Lodging Trust 10-Q on SEC EDGAR · CIK 1476045 · Real Estate Investment Trusts
Guidance and outlook
13F: who owns CLDT and who is buying
More on CLDT
- How Chatham Lodging Trust makes money: revenue by segment
- Chatham Lodging Trust next earnings date and what analysts expect
- Chatham Lodging Trust stock forecast, price target and fair value
- Who owns Chatham Lodging Trust stock: holders, funds and Congress trades
- Chatham Lodging Trust guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Chatham Lodging Trust guidance history: guided vs reported
- Chatham Lodging Trust operating margin by quarter
- Chatham Lodging Trust net income by quarter
- Chatham Lodging Trust free cash flow by quarter
- Chatham Lodging Trust capital expenditures by quarter
- Chatham Lodging Trust Occupancy revenue by quarter
- Chatham Lodging Trust Hotel, Other revenue by quarter
- Chatham Lodging Trust Food and Beverage revenue by quarter
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