Chatham Lodging Trust logo CLDT - Chatham Lodging Trust

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $14.17 DETAILS
HIGH: $15.50
LOW: $12.00
MEDIAN: $15.00
CONSENSUS: $14.17
UPSIDE: 0.19%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Default REIT Multiple

Valuation Signal Undervalued Strong
Trading 47.7% below fair value
Current Price $14.14
Bear Case $22.32 57.8% upside ($22.32 - $14.14) / $14.14 = 57.8% $1.61 FFO × 18x
Fair Value $27.03 91.1% upside ($27.03 - $14.14) / $14.14 = 91.1% $1.61 FFO × 22x
Bull Case $31.74 124.5% upside ($31.74 - $14.14) / $14.14 = 124.5% $1.61 FFO × 26x

Adjust Assumptions

22.1x
1.61$

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.
ℹ Dividend-based valuation: $7.27 (73% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.
ℹ 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