The company maintains a conservative capital structure with a debt-to-equity ratio of 0.61, though this provides limited protection against the ongoing operational losses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|
| Total Assets | 1.24B | 1.17B | 1.25B | 1.34B | 1.34B | 1.41B | 1.37B | 1.44B | 1.44B | 1.39B | 1.3B | 1.34B | 1.17B | 673.92M | 457.49M | 458.71M | 222.2M |
| Asset Growth % | -22.32% | -6.72% | -6.64% | 0.01% | -4.75% | 2.95% | -4.75% | -0.08% | 3.41% | 6.85% | -2.76% | 14.98% | 72.92% | 47.31% | -0.26% | 106.44% | - |
| Real Estate & Other Assets | -1.19B | 28.02M | 1.2B | 1.23B | 1.27B | 1.36B | 1.32B | 1.37B | 5.01M | 4.62M | 4.22M | 8.03M | 7.51M | 7.11M | 432.26M | 0 | 0 |
| PP&E (Net) | 16.75M | 0 | 17.55M | 18.14M | 19.3M | 19.98M | 20.64M | 21.27M | 1.37B | 1.32B | 1.23B | 1.26B | 1.1B | 652.88M | 426.07M | 402.81M | 0 |
| Investment Securities | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 774K | 1000K | 1000K | 1000K |
| Total Current Assets | 16.49M | 35.47M | 32.77M | 93.91M | 50.33M | 32.87M | 33.14M | 24.81M | 39.26M | 43.07M | 44.37M | 49.79M | 33.27M | 13.16M | 11.87M | 19.89M | 14.12M |
| Cash & Equivalents | 13.69M | 32.64M | 20.2M | 68.13M | 26.27M | 19.19M | 21.12M | 6.62M | 7.19M | 9.33M | 12.12M | 21.04M | 15.08M | 4.22M | 4.5M | 4.68M | 4.77M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 891K |
| Other Current Assets | 0 | 0 | 9.65M | 21.41M | 18.88M | 7.89M | 8.06M | 10.95M | 27.58M | 24.64M | 27.86M | 24.32M | 9.73M | 6.48M | -5.27M | 3.8M | 7.73M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5M | 4.05M | 4.39M | 0 | 0 | 0 | 75K | 0 | 0 |
| Total Liabilities | 481.42M | 392.33M | 462.68M | 539.55M | 525.74M | 596.51M | 677.8M | 663.55M | 632.29M | 582.44M | 621.36M | 642.9M | 573.41M | 288.39M | 250.88M | 241.59M | 57.04M |
| Total Debt | 463.96M | 358.98M | 427.48M | 504.88M | 491.99M | 566.99M | 767.3M | 699.18M | 583.28M | 538.32M | 582.82M | 607.87M | 550.22M | 272.06M | 239.25M | 228.94M | 50.13M |
| Net Debt | 450.27M | 326.34M | 407.29M | 436.75M | 465.72M | 547.8M | 746.18M | 692.56M | 576.09M | 528.98M | 570.71M | 586.84M | 535.14M | 267.84M | 234.75M | 224.26M | 45.37M |
| Long-Term Debt | 423.82M | 338.91M | 296.85M | 484.08M | 469.88M | 474.29M | 608.77M | 585.47M | 583.28M | 538.32M | 582.82M | 605.2M | 550.22M | 272.06M | 239.25M | 228.94M | 50.13M |
| Short-Term Borrowings | 0 | 0 | 110M | 0 | 0 | 70M | 135.3M | 90M | 81.5M | 32M | 52.5M | 0 | 22.5M | 0 | 79.5M | 1.85M | 0 |
| Capital Lease Obligations | 100.76M | 20.07M | 20.63M | 20.81M | 22.11M | 22.7M | 23.23M | 23.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 33.35M | 145.2M | 34.67M | 33.75M | 99.52M | 45.79M | 54.37M | 49.01M | 44.12M | 38.54M | 35.02M | 23.19M | 16.32M | 11.63M | 12.65M | 6.91M |
| Accounts Payable | 0 | 26.65M | 29.62M | 29.25M | 28.53M | 27.72M | 25.37M | 33.01M | 33.69M | 31.69M | 27.78M | 25.1M | 20.04M | 12.8M | 8.49M | 10.18M | 5.25M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 632.29M | 582.44M | 621.36M | -58.36M | 0 | -48.05M | 0 | 0 | 0 |
| Other Liabilities | 17.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 761.86M | 778.05M | 792M | 804.38M | 818M | 814.19M | 692.46M | 775.02M | 807.42M | 809.78M | 681.59M | 697M | 591.95M | 385.54M | 206.61M | 217.12M | 165.16M |
| Equity Growth % | -7.89% | -1.76% | -1.54% | -1.67% | 0.47% | 17.58% | -10.65% | -4.01% | -0.29% | 18.81% | -2.21% | 17.75% | 53.54% | 86.6% | -4.84% | 31.46% | - |
| Shareholders Equity | 722.92M | 740.8M | 758.22M | 776.06M | 794.89M | 797.5M | 677.75M | 762.38M | 797.47M | 803.16M | 676.74M | 692.87M | 588.54M | 383.37M | 205M | 216.09M | 164.74M |
| Minority Interest | 38.94M | 37.25M | 33.78M | 28.32M | 23.1M | 16.69M | 14.71M | 12.65M | 9.95M | 6.62M | 4.85M | 4.13M | 3.42M | 2.17M | 1.61M | 1.03M | 425K |
| Common Stock | 469K | 477K | 489K | 488K | 488K | 487K | 470K | 469K | 465K | 450K | 380K | 379K | 339K | 261K | 137K | 137K | 92K |
| Additional Paid-in Capital | 1.03B | 1.04B | 1.05B | 1.05B | 1.05B | 1.05B | 906M | 904.27M | 896.29M | 871.73M | 722.02M | 719.77M | 599.32M | 433.9M | 240.35M | 239.17M | 170.25M |
| Retained Earnings | -310.51M | -299.53M | -289.13M | -271.65M | -252.66M | -251.1M | -228.72M | -142.37M | -99.28M | -69.02M | -45.66M | -27.28M | -11.12M | -50.79M | -35.49M | -23.22M | -4.44M |
| Preferred Stock | 48K | 48K | 48K | 48K | 48K | 48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.77% | 1.24% | 0.32% | 0.2% | 0.71% | -1.32% | -5.41% | 1.3% | 2.16% | 2.19% | 2.38% | 2.63% | 7.27% | 0.53% | -0.32% | -2.67% | -0.55% |
| Return on Equity (ROE) | 1.18% | 1.92% | 0.52% | 0.33% | 1.2% | -2.44% | -10.36% | 2.36% | 3.79% | 3.95% | 4.57% | 5.12% | 13.68% | 1.01% | -0.68% | -4.76% | -0.74% |
| Debt / Assets | 37.32% | 30.67% | 34.07% | 37.57% | 36.61% | 40.19% | 56% | 48.6% | 40.51% | 38.67% | 44.73% | 45.37% | 47.21% | 40.37% | 52.3% | 49.91% | 22.56% |
| Debt / Equity | 0.61x | 0.46x | 0.54x | 0.63x | 0.60x | 0.70x | 1.11x | 0.90x | 0.72x | 0.66x | 0.86x | 0.87x | 0.93x | 0.71x | 1.16x | 1.05x | 0.30x |
| Net Debt / EBITDA | 5.19x | 3.78x | 4.33x | 5.03x | 4.86x | 14.80x | 62.32x | 6.62x | 1.78x | 1.79x | 1.94x | 5.62x | 8.71x | 7.52x | 8.12x | 18.63x | 21.57x |
| Book Value per Share | 16.12 | 15.56 | 16.20 | 16.47 | 16.67 | 16.84 | 14.75 | 16.48 | 17.46 | 20.19 | 17.71 | 18.19 | 20.52 | 18.11 | 14.96 | 16.35 | 25.90 |
Tech-sector geographic concentration
As reported in financial statements, Chatham Lodging Trust maintains a debt-to-equity ratio of 0.61 as of 2026Q1, which suggests a remarkably conservative capital structure that provides a significant buffer against the volatility inherent in the company's tech-heavy, extended-stay hotel portfolio during periods of reduced corporate travel.
The company's ability to maintain a debt-to-equity ratio consistently below 0.65 over the last ten quarters indicates a disciplined approach to property-level financing. This leverage profile appears to mitigate the risks associated with the recent revenue contraction, though investors should monitor whether this conservative stance limits the firm's capacity for aggressive portfolio recycling.
According to recent SEC filings, the company's cash position declined to $13.7 million in 2026Q1 from a peak of $72.3 million in 2024Q1, indicating that liquidity is being rapidly consumed to support operations and maintenance capital expenditures during this period of negative net operating income.
The significant drawdown in cash reserves warrants further investigation into the company's revolver covenant headroom and its ability to fund ongoing property improvements. If the current trend of negative NOI persists, the reduction in liquid assets may limit management's flexibility to navigate further downturns in the Silicon Valley market.
Based on reported figures, total assets have remained relatively stable at $1.2 billion over the last several quarters, suggesting that despite the -6.98% revenue growth, the underlying real estate footprint has not yet undergone a major structural downsizing or significant impairment-driven asset liquidation.
The stability in total assets, contrasted with the volatility in FFO and NOI, suggests that the company is holding onto its core portfolio in anticipation of a recovery in corporate travel. However, the lack of growth in the asset base may indicate that the firm is currently in a defensive posture rather than an expansionary phase.
As indicated by the discrepancy between wholly owned assets and the Innkeepers joint venture interests, the company's balance sheet may mask significant off-balance-sheet leverage, which warrants further investigation to determine the true economic exposure of the 46 JV-held properties to current interest rate and occupancy risks.
While the reported debt-to-equity ratio appears healthy, the reliance on joint ventures means that the company's actual risk profile is likely more complex than the consolidated balance sheet implies. Investors should be cautious, as the non-recourse nature of JV debt does not entirely insulate the REIT from the potential loss of equity value in those specific assets.
Quick answers to the most common questions about buying CLDT stock.
As of 2025, Chatham Lodging Trust (CLDT) had total assets of $1.17B including $35.5M in current assets.
Chatham Lodging Trust (CLDT) carries total debt of $359.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Chatham Lodging Trust (CLDT) has total shareholders' equity (book value) of $740.8M ($15.56 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Chatham Lodging Trust (CLDT) reported a current ratio of 1.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.