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Stock Market & Financial Investment News

News Breaks
June 12, 2014
14:55 EDTCHSP, CHSP, CHSP, JOSB, JOSB, JOSB, MW, MW, MWChesapeake Lodging to replace Jos. A. Bank in S&P 600 as of 6/20 close
News For CHSP;JOSB;MW From The Last 14 Days
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January 29, 2016
07:05 EDTMWMen's Wearhouse to implement new structure named Tailored Brands
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January 28, 2016
10:09 EDTCHSPChesapeake Lodging Trust exploring sale, WSJ reports
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09:58 EDTCHSPChesapeake Lodging jumps 7% after WSJ says company exploring sale
09:56 EDTCHSPChesapeake Lodging exploring sale, WSJ says
Wall Street Journal M&A reporter Dana Mattioli said in a tweet: "Chesapeake Lodging Trust is exploring a sale. Scoop w/ @CraigKarmin coming to WSJ" Reference Link
January 25, 2016
07:36 EDTCHSPChesapeake Lodging sees Q1 EPS 6c-9c, consensus 8c
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07:35 EDTCHSPChesapeake Lodging sees Q4, FY15 AFFO 'slightly below' low end of previous view
The Trust is also providing an update on its financial results for the quarter and year ended December 31, 2015. For its hotel portfolio, the Trust expects fourth quarter and full year 2015 RevPAR to increase 3.8% and 5.7%, respectively, and fourth quarter and full year 2015 Adjusted Hotel EBITDA to be slightly above the low end of the guidance ranges previously provided. The Trust expects fourth quarter and full year 2015 AFFO per share to be slightly below the low end of the guidance ranges previously provided. The preliminary results are subject to adjustments that may result from the completion of the Trust's annual audit process. The Trust intends to release final financial results for the fourth quarter and full year 2015 after the market closes on February 18, 2016.
07:34 EDTCHSPChesapeake Lodging sees FY16 EPS $1.24-$1.34, consensus $1.38
Sees FY16 AFFO $2.50-$2.60. Sees FY16 pro forma RevPAR up 5%-7%. The Trust's 2016 outlook assumes, among other things, a continuation of favorable U.S. lodging fundamentals driven by below historical average supply growth and moderate demand growth resulting from improving group business and a continuation of U.S. economic growth and trends, including moderate growth in GDP, low levels of unemployment, and stable levels of consumer confidence and corporate profits. The Trust's 2016 outlook assumes no acquisitions, dispositions, or financing transactions beyond the refinance of the Hyatt Regency Boston mortgage loan and the Courtyard Washington Capitol Hill/Navy Yard mortgage loan, which are prepayable without penalty on April 6, 2016 and August 1, 2016, respectively.

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