Hospitality Properties Trust (HPT) reported that its fourth-quarter net income to shareholders decreased to $18.5 million, or $0.15 per share, from $30.7 million, or $0.25 per share, last year. Funds from operations per share was $0.70 compared to $0.79 prior year.
Total revenues increased to $322.31 million from $295.85 million prior year. Normalized funds from operations, or Normalized FFO, decreased to $93.9 million, or $0.76 per share, from $96.8 million or $0.78 per share, prior year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.77 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $317.07 million for the quarter.
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