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
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Follow RTT