CLDT - Chatham Lodging Trust
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$14.17
DETAILS
HIGH:
$15.50
LOW:
$12.00
MEDIAN:
$15.00
CONSENSUS:
$14.17
UPSIDE:
0.19%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Default REIT Multiple
Adjust Assumptions
22.1x
$
Key Value Driver
FFO/share ($1.61) × default P/FFO multiple
Implied Market Multiple
8.8x
Plain-Language Summary
At $1.61 FFO/share with a 22x default REIT multiple, the base-case value is $27.03 per share. Dividend yield: 2.8%. DDM cross-check: $7.27.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (13 analysts)
$14.17
Analyst Range
$12.00 – $15.50
Divergence from AlphaVal
91%
Warnings
Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Dividend-based valuation: $7.27 (73% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.
Wall Street's average price target is $14.17 (from 13 analysts). Our estimate is 91% above the consensus -- consider that gap carefully.
Key Risks
- P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
- Interest rate sensitivity: REIT multiples compress when rates rise
- FFO approximation (NI + D&A) may include gains on property sales — verify