Hospitality Properties Trust (HPT) Tops Q2 FFO by 3c

Hospitality Properties Trust (NYSE: HPT) reported Q2 FFO of $0.98, $0.03 better than the analyst estimate of $0.95. Revenue for the quarter came in at $507.1 million versus the consensus estimate of $484.91 million.

For the quarter ended June 30, 2015 compared to the same period in 2014 for HPT’s 290 hotels that it owned continuously since April 1, 2014: average daily rate, or ADR, increased 8.1% to $122.82; occupancy increased 1.9 percentage points to 80.1%; and revenue per available room, or RevPAR, increased 10.7% to $98.38.

For earnings history and earnings-related data on Hospitality Properties Trust (HPT) click here.

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