Hersha Hospitality Trust (HT) Reports Q3 FFO of $0.33

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Hersha Hospitality Trust Announces Third Quarter 2022 Results

October 26, 2022 4:15 PM EDT

- Third Quarter 2022 Net Income of $2.82 Per Share -

- Third Quarter 2022 Adjusted Funds from Operations1 of $0.33 Per Share -

- Comparable ADR Growth of 16% vs. Third Quarter 2019 -

- Comparable Portfolio Hotel EBITDA Growth of 8.4% vs. Third Quarter of 2019 -

- Comparable Portfolio EBITDA Margin Growth of 249 bps vs. Third Quarter of 2019-

PHILADELPHIA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (Hersha, Company, we or our), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results... More