Chatham Lodging: Q4 Earnings Snapshot

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Chatham Lodging Trust (CLDT) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in West Palm Beach, Florida, said it had funds from operations of $10 million, or 20 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $3.7 million, or 8 cents per share.

The real estate investment trust, based in West Palm Beach, Florida, posted revenue of $75.1 million in the period.

For the year, the company reported funds from operations of $55.5 million. Revenue was reported as $317.2 million.

For the current quarter ending in March, Chatham Lodging expects its per-share funds from operations to range from 12 cents to 15 cents.

The company expects full-year funds from operations in the range of $1.01 to $1.11 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLDT at https://www.zacks.com/ap/CLDT