Hersha Hospitality Trust (HT) Tops Q3 EPS by 2c

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Go back to Hersha Hospitality Trust (HT) Tops Q3 EPS by 2c

Hersha Hospitality Trust Announces Third Quarter 2015 Results

October 28, 2015 5:30 PM EDT

- Comparable Portfolio RevPAR Growth of 6.9% -

- Hotel EBITDA Growth of 10.5% -

- Adjusted FFO per Share Increases 24.1% -

- Repurchases 1.8 Million Common Shares for $41.6 Million -

- Accretive Acquisitions in Northern California -

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 third quarter ended September 30, 2015.

Third Quarter 2015 Financial Results

Adjusted Funds from Operations (AFFO) in third quarter 2015 increased 17.7%, or $5.0... More