Investing.com - Chatham Lodging (NYSE:CLDT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Chatham Lodging announced earnings per share of $0.21 on revenue of $87.89M. Analysts polled by Investing.com anticipated EPS of $0.10 on revenue of $82.03M.
Chatham Lodging shares are down 35% from the beginning of the year, still down 15.81% from its 52 week high of $15.12 set on February 16.
Chatham Lodging shares gained 5.29% in intra-day trade following the report.
Chatham Lodging follows other major Real Estate sector earnings this month
Chatham Lodging's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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