Hersha Hospitality Trust (HT) Tops Q3 FFO by 3c

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Go back to Hersha Hospitality Trust (HT) Tops Q3 FFO by 3c

Hersha Hospitality Trust Announces Third Quarter 2016 Results

October 25, 2016 5:11 PM EDT

- Net Income of $3.6 Million, or $0.08 Per Share -

- Comparable Portfolio RevPAR Growth of 3.4% -

- Authorizes Additional $100 Million Share Repurchase Plan -

- On Track to Close $825 Million of Dispositions -

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, 2016.

Third Quarter 2016 Financial Results

Net income applicable to common shareholders was $3.6 million, or $0.08 per diluted common share, in third... More