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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 10:10 PM

Slide #2. Chatham Lodging Trust Secondary Offering

Company: Chatham Lodging Trust (NYSE:CLDT)
Date announced: 9/18/2014
Shares Offered: 6,000,000
Date of Pricing: 9/19/2014
Price Per Share: $21.85
Secondary Offering Details: Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it is offering 5,000,000 common shares of beneficial interest, $0.01 par value per share, in a public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares. - updated 9/19 - Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it has priced its public offering of 6,000,000 common shares of beneficial interest, $0.01 par value per share, at a price to the public of $21.85 for total gross proceeds of $131,100,000, prior to underwriting discounts and offering expenses. The offering is expected to close on September 24, 2014, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 common shares.

Chatham Lodging Trust is an internally-managed real estate investment trust. As of Dec 31 2013, Co. owned 25 hotels with an approx. 3,591 rooms located in 15 states and the District of Columbia, held a 10.3% noncontrolling interest in the Innkeepers JV, which owns 51 hotels comprising an aggregate of 6,847 rooms, and held a 5.0% noncontrolling interest in the Torrance JV that owns the 248-room Residence Inn by Marriott in Torrance, CA. Co. also invests in Courtyard by Courtyard by Marriott®, Hampton Inn and Suites® and SpringHill Suites by Marriott®, which serves complimentary breakfast, internet access, local calls, in-room movie channels, and daily linen and room cleaning service.
Open the CLDT Page at The Online Investor »

Company Name:  Chatham Lodging Trust
Website:  www.chathamlodgingtrust.com
Sector:  REITs
Number of ETFs Holding CLDT:  20
Total Market Value Held by ETFs:  $59.37M
Total Market Capitalization:  $609.00M
% of Market Cap. Held by ETFs:  9.75%
 

Open the CLDT Page at The Online Investor (in a new window) »

September 21, 2014    10:10 PM Eastern
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Strong Buy (3.60 out of 4)
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