logo
Share SHARE
FONT-SIZE Plus   Neg

Hersha Hospitality Trust Q4 Loss Narrows

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
International Business Machines Corp. said Monday after the markets closed that its first quarter profit fell 2.4% from last year, as improved margins could not offset a 12% decrease in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Norway is all set to shut down FM radio in 2017, Radio.no reported. The Nordic country will be the first to scrap as it plans a shift to Digital Audio Broadcasting. The trailer of Star Wars: The Force Awakens, the latest installment from epic space film franchisee created by George Lucas, has sent both fans and Disney investors into a frenzy. Walt Disney Co.'s (DIS) market capitalization, which now owns the Star Wars franchisee, was boosted by about $2 billion...
comments powered by Disqus
Follow RTT