Chatham Lodging Trust (REIT)
CLDT Real Estate Reit Hotel & Motel
Chatham Lodging Trust (REIT)’s revenue for fiscal 2025 (year ended December 2025) was $295.1 million, down 6.98% from fiscal 2024. In the quarter to June 2026, revenue grew 9.35%, EPS grew 85.7%, free cash flow fell 49.1% and total debt rose 2.47%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Chatham Lodging Trust (REIT) (CLDT) Piotroski F-score
Chatham Lodging Trust (REIT)'s Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 3.00 |
| FY2024 | 5 | 0.00 |
| FY2023 | 5 | (2.00) |
| FY2022 | 7 | 0.00 |
| FY2021 | 7 | 5.00 |
| FY2020 | 2 | (3.00) |
| FY2019 | 5 | 1.00 |
| FY2018 | 4 | 0.00 |
| FY2017 | 4 | (1.00) |
| FY2016 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.59% | (0.29%) | Pass | 1 |
| Positive operating cash flow | 64.08m | 73.83m | Pass | 1 |
| Rising return on assets | 0.59% | (0.29%) | Pass | 1 |
| Cash flow above net income | 56.98m | 77.61m | Pass | 1 |
| Falling long-term leverage | 0.12 | 0.21 | Pass | 1 |
| Rising current ratio | 1.33 | 1.11 | Pass | 1 |
| No new shares issued | 48,793,000 | 48,901,000 | Pass | 1 |
| Rising gross margin | 54.69% | 54.45% | Pass | 1 |
| Rising asset turnover | 0.24 | 0.24 | Fail | 0 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CLDT Chatham Lodging Trust (REIT) | 8 |
| XHR Xenia Hotels & Resorts, Inc. compare | 7 |
| DRH DiamondRock Hospitality Company compare | 7 |
| SVC Service Properties Trust compare | 6 |
| RLJ RLJ Lodging Trust compare | 6 |
| PK Park Hotels & Resorts Inc. compare | 6 |
| SHO Sunstone Hotel Investors, Inc. compare | 5 |
| PEB Pebblebrook Hotel Trust compare | 5 |
| INN Summit Hotel Properties, Inc. compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover