Hersha Hospitality Trust (HT) Tops Q1 FFO by 1c, Offers FY15 Guidance
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Hersha Hospitality Trust Announces First Quarter 2015 Results
April 27, 2015 5:00 PM EDT- Q1 2015 Comparable Portfolio RevPAR Growth of 6.9% -
- Q1 2015 Hotel EBITDA Growth of 22.4% -
- Repurchased Two Million Common Shares -
PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYSE: HT) (Hersha or the Company), owner of upscale hotels in urban gateway markets, today announced results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Results
Adjusted Funds from Operations (AFFO) in first quarter 2015 increased $2.1 million to $13.7 million, compared to $11.6 million in first quarter 2014. The Companys weighted average diluted common shares and units of limited partnership interest in... More
