Chatham Lodging Trust (REIT) (CLDT) vs Summit Hotel Properties, Inc. (INN)

Chatham Lodging Trust (REIT) and Summit Hotel Properties, Inc. are both Reit Hotel & Motel companies. Summit Hotel Properties, Inc. is the larger, with a market value of $691.9M against $624.0M — 1.1× the size. Summit Hotel Properties, Inc. has negative trailing earnings, so its P/E is not meaningful; Chatham Lodging Trust (REIT) trades at 167×. Summit Hotel Properties, Inc. grew revenue faster over the last twelve months: 1.24% against −3.14%. Chatham Lodging Trust (REIT) has the higher net margin (1.36% vs −3.24%) and the higher return on invested capital (2.46% vs 1.64%). Both pay a dividend; Summit Hotel Properties, Inc. yields more (3.41% vs 1.98%). Across the 20 metrics below, Chatham Lodging Trust (REIT) leads on 12 and Summit Hotel Properties, Inc. on 8.

Valuation

Metric CLDT INN Reit Hotel & Motel median
P/E 166.88 n/m 25.03
P/S 2.07 0.82 1.53
P/B 0.82 0.51 1.05
Price to free cash flow n/m 4.23 7.25
EV/EBITDA 8.26 8.70 11.74
EV/Sales 2.72 2.62 2.64
Earnings yield 0.60% (4.01%) (0.39%)
Free cash flow yield (3.23%) 23.66% 7.53%

Profitability

Metric CLDT INN Reit Hotel & Motel median
Gross margin 55.63% 33.34% 37.37%
Operating margin 12.52% 8.99% 9.53%
Net margin 1.36% (3.24%) (0.66%)
Free cash flow margin (6.68%) 19.33% 17.01%
Return on equity 0.53% (1.93%) 0.53%
Return on assets 0.34% (0.85%) (0.26%)
Return on invested capital 2.46% 1.64% 2.16%

Growth

Metric CLDT INN Reit Hotel & Motel median
Revenue growth (TTM) (3.14%) 1.24% 1.17%
EPS growth (last fiscal year) 275.00% (200.00%) —
Revenue growth, 5-year CAGR 15.28% 25.48% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLDT INN Reit Hotel & Motel median
Debt to equity 0.28 1.15 0.83
Current ratio 0.72 0.71 1.34
Net debt to EBITDA 1.07 6.09 5.14

Dividend

Metric CLDT INN Reit Hotel & Motel median
Dividend yield 1.98% 3.41% 3.10%
Payout ratio 1.50 0.00 0.48

Size

Metric CLDT INN Reit Hotel & Motel median
Market cap 623.98m 691.92m 1.70b

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