Chatham Lodging Trust (REIT) (CLDT) vs Pebblebrook Hotel Trust (PEB)

Chatham Lodging Trust (REIT) and Pebblebrook Hotel Trust are both Reit Hotel & Motel companies. Pebblebrook Hotel Trust is the larger, with a market value of $2.1B against $624.0M — 3.4× the size. Pebblebrook Hotel Trust has negative trailing earnings, so its P/E is not meaningful; Chatham Lodging Trust (REIT) trades at 167×. Pebblebrook Hotel Trust grew revenue faster over the last twelve months: 2.08% against −3.14%. Chatham Lodging Trust (REIT) has the higher net margin (1.36% vs −5.24%) and the higher return on invested capital (2.46% vs 0.92%). Both pay a dividend; Chatham Lodging Trust (REIT) yields more (1.98% vs 0.26%). Across the 20 metrics below, Chatham Lodging Trust (REIT) leads on 13 and Pebblebrook Hotel Trust on 7.

Valuation

Metric CLDT PEB Reit Hotel & Motel median
P/E 166.88 n/m 25.03
P/S 2.07 1.38 1.53
P/B 0.82 0.83 1.05
Price to free cash flow n/m 6.38 7.25
EV/EBITDA 8.26 13.34 11.74
EV/Sales 2.72 2.62 2.64
Earnings yield 0.60% (3.69%) (0.39%)
Free cash flow yield (3.23%) 15.68% 7.53%

Profitability

Metric CLDT PEB Reit Hotel & Motel median
Gross margin 55.63% 25.34% 37.37%
Operating margin 12.52% 4.26% 9.53%
Net margin 1.36% (5.24%) (0.66%)
Free cash flow margin (6.68%) 21.70% 17.01%
Return on equity 0.53% (3.00%) 0.53%
Return on assets 0.34% (1.44%) (0.26%)
Return on invested capital 2.46% 0.92% 2.16%

Growth

Metric CLDT PEB Reit Hotel & Motel median
Revenue growth (TTM) (3.14%) 2.08% 1.17%
EPS growth (last fiscal year) 275.00% (130.77%) —
Revenue growth, 5-year CAGR 15.28% 27.21% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLDT PEB Reit Hotel & Motel median
Debt to equity 0.28 0.83 0.83
Current ratio 0.72 1.34 1.34
Net debt to EBITDA 1.07 6.79 5.14

Dividend

Metric CLDT PEB Reit Hotel & Motel median
Dividend yield 1.98% 0.26% 3.10%
Payout ratio 1.50 — 0.48

Size

Metric CLDT PEB Reit Hotel & Motel median
Market cap 623.98m 2.10b 1.70b

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