Hersha Hospitality Trust (HT) Tops Q2 FFO by 2c, Raises FY FFO Guidance
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Hersha Hospitality Trust Announces Second Quarter 2015 Results
July 28, 2015 5:37 PM EDT- Comparable Portfolio RevPAR Growth of 5.8% -
- Consolidated Portfolio RevPAR Growth of 7.9% -
- Hotel EBITDA Growth of 15.7% -
- Repurchases 1.5 Million Common Shares for $37.6 Million -
- Increases 2015 RevPAR and Earnings Expectations -
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 second quarter ended June 30, 2015.
Second Quarter 2015 Financial Results
Adjusted Funds from Operations (AFFO) in second quarter 2015 increased $4.2 million to... More
