CPLG News and Press, CorePoint Lodging Inc. From 05/20/20

CorePoint Lodging (NYSE: CPLG ): Q1 FFO of $0.07 misses by $0.29 . More news on: CorePoint Lodging Inc., Earnings news and commentary, Stocks on the move, Consumer stocks news, , Read more ...

IRVING, Texas, May 20, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, today reported operational and financial ...

Despite its small market cap (at present, roughly $250 MM), we've been closely following the company, particularly in the age of coronavirus, when many lodging companies have been troubled. With CPLG shares trading today at less than half from the levels reached in late 2019, some investors ar...

IRVING, Texas, May 11, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) today announced that the Company plans to report financial results for the first quarter of 2020 after market close on Wednesday, May 20, 2020. The ...

The number of dividend cuts and suspensions announced by publicly traded firms in the United States has soared during April 2020 in one of the worst single months for dividend-paying firms in stock market history. The following chart shows the classic recessionary sign of the number of divid...

IRVING, Texas, May 04, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) today announced that the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held as a virtual-only me...

This is the second report in our newest series: Sector Spotlight. In each article of this series we will provide detailed data and analysis on a specific REIT property sector. Information will be provided for the sector as a whole and for sub-sectors (for property types that contain sub-sector...

As a general rule of thumb, when recessionary conditions are present in the U.S. economy, we'll see 25 or more dividend cut announcements during the course of a single month. We're at the halfway point of April 2020, we're barely into earnings season when most companies issue dividend declarat...

Real Estate Weekly Outlook Back to work soon? U.S. equity markets posted their strongest weekly gains in decades amid mounting evidence that the "coronavirus curve" is flattening in key "hotspots" around the world including New York City and western Europe. Epidemiological models that we...

CorePoint Lodging (NYSE: CPLG ) suspends quarterly dividend for balance of 2020 after paying April dividend, resulting in  saving of ~$45M on an annualized basis. Temporarily suspended 26 operations and expects to suspend additional 50 hotels from 248 hotels in the next few weeks, whi...