logo
Share SHARE
FONT-SIZE Plus   Neg

Hersha Hospitality Trust Q4 Loss Narrows

Hersha Hospitality Trust (HT) reported fourth-quarter net loss applicable to common shareholders of $2.8 million or $0.02 per share, narrower than $8.8 million or $0.05 per share in the prior year period.

Funds from Operations or FFO applicable to common shares and Partnership units for the quarter was $11.9 million, compared to $8.3 million in the same quarter last year.

Adjusted FFO for the quarter rose to $16.49 million or $0.09 per share from $11.89 million or $0.07 per share in the prior year quarter.

On average, nine analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter was $76.39 million, compared to $65.71 million in the comparable quarter last year, while eight analysts estimated revenues of $79.88 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facebook's Chief Operating Officer Sheryl Sandberg said the company would be a founding partner of Station F start-up garage in Paris. There will be more than 3000 desks for tech companies at the start-up garage. In its first ever start-up project, Facebook plans to have 80 desks and would initiate the activities by April. Book retailer Barnes & Noble has pulled off from shelves its Nook tablet due to a faulty charger, after launching the cheap 7-inch tablet in November to take on Amazon's popular Fire tablets. Nook tablet has been removed from brick and mortar stores as well from online. Barnes & Noble has not issued... Morgan Stanley (MS) reported fourth-quarter net income applicable to company of $1.7 billion, or $0.81 per share compared with income of $908 million, or $0.39 per share, for the same period a year ago. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share...
comments powered by Disqus
Follow RTT