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Side-by-side financial comparison of Chatham Lodging Trust (CLDT) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

Chatham Lodging Trust is the larger business by last-quarter revenue ($67.7M vs $66.7M, roughly 1.0× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 6.8%, a 41.0% gap on every dollar of revenue. On growth, Chatham Lodging Trust posted the faster year-over-year revenue change (-9.8% vs -13.1%). Over the past eight quarters, Chatham Lodging Trust's revenue compounded faster (-0.5% CAGR vs -6.0%).

Chatham Lodging Trust is a publicly traded real estate investment trust that invests in, owns, and operates upscale extended-stay and select-service premium hotel properties primarily across high-demand urban and suburban markets in the United States. Its portfolio targets assets with strong occupancy rates and steady cash flow from business and leisure traveler segments.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

CLDT vs IIPR — Head-to-Head

Bigger by revenue
CLDT
CLDT
1.0× larger
CLDT
$67.7M
$66.7M
IIPR
Growing faster (revenue YoY)
CLDT
CLDT
+3.3% gap
CLDT
-9.8%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
41.0% more per $
IIPR
47.8%
6.8%
CLDT
Faster 2-yr revenue CAGR
CLDT
CLDT
Annualised
CLDT
-0.5%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLDT
CLDT
IIPR
IIPR
Revenue
$67.7M
$66.7M
Net Profit
$4.6M
$31.8M
Gross Margin
Operating Margin
15.9%
47.8%
Net Margin
6.8%
47.8%
Revenue YoY
-9.8%
-13.1%
Net Profit YoY
369.9%
-20.4%
EPS (diluted)
$0.05
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLDT
CLDT
IIPR
IIPR
Q4 25
$67.7M
$66.7M
Q3 25
$78.4M
$64.7M
Q2 25
$80.3M
$62.9M
Q1 25
$68.6M
$71.7M
Q4 24
$75.1M
$76.7M
Q3 24
$87.2M
$76.5M
Q2 24
$86.5M
$79.8M
Q1 24
$68.4M
$75.5M
Net Profit
CLDT
CLDT
IIPR
IIPR
Q4 25
$4.6M
$31.8M
Q3 25
$3.5M
$29.3M
Q2 25
$5.4M
$26.0M
Q1 25
$1.5M
$31.1M
Q4 24
$-1.7M
$40.0M
Q3 24
$4.3M
$40.2M
Q2 24
$6.8M
$42.0M
Q1 24
$-5.2M
$39.4M
Gross Margin
CLDT
CLDT
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
40.7%
Q3 24
44.7%
Q2 24
46.1%
Q1 24
38.9%
Operating Margin
CLDT
CLDT
IIPR
IIPR
Q4 25
15.9%
47.8%
Q3 25
12.7%
45.5%
Q2 25
14.8%
45.9%
Q1 25
12.1%
47.4%
Q4 24
7.5%
54.7%
Q3 24
14.3%
54.8%
Q2 24
16.3%
53.1%
Q1 24
1.4%
55.7%
Net Margin
CLDT
CLDT
IIPR
IIPR
Q4 25
6.8%
47.8%
Q3 25
4.5%
45.3%
Q2 25
6.7%
41.4%
Q1 25
2.2%
43.3%
Q4 24
-2.3%
52.2%
Q3 24
4.9%
52.6%
Q2 24
7.9%
52.6%
Q1 24
-7.6%
52.3%
EPS (diluted)
CLDT
CLDT
IIPR
IIPR
Q4 25
$0.05
$1.07
Q3 25
$0.03
$0.97
Q2 25
$0.07
$0.86
Q1 25
$-0.01
$1.03
Q4 24
$-0.08
$1.35
Q3 24
$0.05
$1.37
Q2 24
$0.10
$1.44
Q1 24
$-0.15
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLDT
CLDT
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$24.4M
$47.6M
Total DebtLower is stronger
$338.9M
$393.7M
Stockholders' EquityBook value
$740.8M
$1.8B
Total Assets
$1.2B
$2.4B
Debt / EquityLower = less leverage
0.46×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLDT
CLDT
IIPR
IIPR
Q4 25
$24.4M
$47.6M
Q3 25
$13.2M
$41.9M
Q2 25
$17.2M
$104.9M
Q1 25
$18.6M
$133.3M
Q4 24
$20.2M
$151.2M
Q3 24
$19.3M
$172.4M
Q2 24
$10.6M
$160.9M
Q1 24
$72.3M
$173.5M
Total Debt
CLDT
CLDT
IIPR
IIPR
Q4 25
$338.9M
$393.7M
Q3 25
$338.8M
Q2 25
$351.2M
Q1 25
$381.1M
Q4 24
$406.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CLDT
CLDT
IIPR
IIPR
Q4 25
$740.8M
$1.8B
Q3 25
$749.4M
$1.9B
Q2 25
$754.1M
$1.9B
Q1 25
$754.7M
$1.9B
Q4 24
$758.2M
$1.9B
Q3 24
$765.3M
$1.9B
Q2 24
$766.5M
$1.9B
Q1 24
$765.0M
$2.0B
Total Assets
CLDT
CLDT
IIPR
IIPR
Q4 25
$1.2B
$2.4B
Q3 25
$1.2B
$2.3B
Q2 25
$1.2B
$2.3B
Q1 25
$1.2B
$2.4B
Q4 24
$1.3B
$2.4B
Q3 24
$1.3B
$2.4B
Q2 24
$1.3B
$2.4B
Q1 24
$1.3B
$2.4B
Debt / Equity
CLDT
CLDT
IIPR
IIPR
Q4 25
0.46×
0.21×
Q3 25
0.45×
Q2 25
0.47×
Q1 25
0.50×
Q4 24
0.54×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLDT
CLDT
IIPR
IIPR
Operating Cash FlowLast quarter
$64.1M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.90×
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLDT
CLDT
IIPR
IIPR
Q4 25
$64.1M
$198.2M
Q3 25
$25.6M
$45.6M
Q2 25
$22.1M
$48.4M
Q1 25
$4.2M
$54.2M
Q4 24
$73.8M
$258.4M
Q3 24
$28.8M
$64.9M
Q2 24
$25.2M
$64.2M
Q1 24
$6.9M
$71.6M
Cash Conversion
CLDT
CLDT
IIPR
IIPR
Q4 25
13.90×
6.22×
Q3 25
7.24×
1.56×
Q2 25
4.10×
1.86×
Q1 25
2.73×
1.75×
Q4 24
6.46×
Q3 24
6.78×
1.61×
Q2 24
3.68×
1.53×
Q1 24
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLDT
CLDT

Occupancy$61.5M91%
Hotel Other$4.2M6%
Food And Beverage$1.8M3%
Hotel$1.1M2%

IIPR
IIPR

Segment breakdown not available.

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