Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Hersha Hospitality Trust Q4 Loss Narrows

RELATED NEWS
Trade HT now with 

Hersha Hospitality Trust (HT: Quote) 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.

Click here to receive FREE breaking news email alerts for Hersha Hospitality Trust and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.