Welcome to our dedicated page for Hersha Hospitali news (Ticker: HT), a resource for investors and traders seeking the latest updates and insights on Hersha Hospitali stock.
Hersha Hospitality Trust (HT) provides investors with comprehensive updates on its portfolio of 51 upscale hotels across major urban markets. This hub delivers timely announcements and in-depth analysis of financial results, strategic acquisitions, and operational developments for this NYSE-listed REIT.
Access essential updates including quarterly earnings reports, debt management initiatives, and market-specific performance metrics like Revenue per Available Room (RevPAR) and occupancy rates. Track management's execution of urban-focused strategies in cities including New York, Boston, and Miami, alongside financial stability measures through interest rate hedging.
Discover insights into corporate travel recovery patterns, international tourism trends, and comparative performance against industry benchmarks. All content is curated to support informed analysis of HT's position within the hospitality REIT sector.
Bookmark this page for ongoing access to press releases, leadership commentary, and operational updates directly from Hersha Hospitality Trust. For additional resources, visit the company's official website.
Hersha Hospitality Trust (HT) reported a first-quarter net loss of $(0.38) per share, improving from $(0.57) in Q1 2022. The adjusted funds from operations (AFFO) fell to $0.02 per share compared to $0.07 last year, influenced by the sale of 10 hotels in 2022, despite stronger performance in key markets. The company noted a significant 20.9% growth in average daily rate (ADR) and an 18.9% increase in EBITDA with margins improving by 196 basis points. Year-over-year results showed RevPAR growth of 31% in urban markets, with Washington D.C., Boston, and Manhattan leading. Looking forward, Q2 2023 expectations indicate a potential net income ranging from $(0.02) to $0.05 per share. Despite macroeconomic uncertainties, the company maintains a positive outlook on recovery and operational improvements from recent renovations.
Hersha Hospitality Trust (NYSE: HT) announced its financial results for Q1 2023 will be disclosed post-market on April 26, 2023. The company will hold a conference call on April 27, 2023, at 9:00 AM ET, led by CEO Neil H. Shah and CFO Ashish Parikh. Hersha operates luxury hotels across coastal gateway and resort markets, with a portfolio of 25 hotels and 3,811 rooms located in key areas such as New York, DC, Boston, Philadelphia, South Florida, and California. A replay of the conference will be accessible until May 25, 2023, emphasizing the company's commitment to transparency.
Hersha Hospitality Trust (HT) has announced a cash dividend of $0.05 per common share and per limited partnership unit for Q1 2023, payable on April 17, 2023, to record holders by March 31, 2023. Additionally, cash dividends for preferred shares are set at $0.4297 for Series C, $0.40625 for Series D, and $0.40625 for Series E, also payable on April 17, 2023, to record holders by April 1, 2023. Hersha operates 25 hotels with a total of 3,811 rooms in key markets like New York, Washington, DC, and California, emphasizing its focus on luxury and lifestyle accommodations.
