Hersha Hospitality Trust (HT) Reports Q2 FFO of 77c
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Hersha Hospitality Trust (NYSE: HT) reported Q2 EPS of $0.77 vs $0.89 last year. Revenue for the quarter came in at $138 million versus the consensus estimate of $134.44 million.
2017 Outlook
The Company is updating its operating and financial expectations for full-year 2017 to account for second quarter transactions and operating results through June 30, 2017. The Company’s expectations do not build in any additional acquisitions, dispositions or capital market activities for 2017. Based on management’s current outlook and assumptions, the Company’s 2017 operating expectations are as follows:
| 2017 Current Outlook | 2017 Previous Outlook | |||||||
| ($’s in millions except per share amounts) | Low | High | Low | High | ||||
| Net income | $90.00 | $96.00 | $79.00 | $89.00 | ||||
| Net income per share | $2.12 | $2.25 | $1.86 | $2.10 | ||||
| Comparable Property RevPAR Growth | 0.00% | 2.00% | 0.00% | 2.00% | ||||
| Comparable Property EBITDA Margins | -1.00% | 0.00% | -1.00% | 0.00% | ||||
| Adjusted EBITDA | $171.00 | $177.00 | $162.00 | $172.00 | ||||
| Adjusted FFO | $101.00 | $107.00 | $94.00 | $104.00 | ||||
| Adjusted FFO per share | $2.25 | $2.38 | $2.08 | $2.31 | ||||
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For earnings history and earnings-related data on Hersha Hospitality Trust (HT) click here.
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