Hospitality Properties Trust (HPT) Misses Q3 FFO by 1c; Revs Light
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Hospitality Properties Trust (NYSE: HPT) reports Q3 FFO of $0.77, 1 cent worse than estimates. Revenues were $264.45 million vs. $272.39 million consensus.
As announced in April 2009, HPT has suspended its regular quarterly common dividend for the remainder of 2009. In December 2009 HPT expects to determine the amount of additional common share dividends to be paid for the 2009 taxable year, if any, and whether this dividend will be paid in cash or a combination of cash and common shares.
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