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Hersha Hospitality Trust Announces Quarterly Dividend

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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.

Positive
  • Declared cash dividend of $0.05 per common share for Q1 2023.
  • Preferred share dividends of $0.4297 (Series C) and $0.40625 (Series D & E) indicate financial stability.
Negative
  • None.

PHILADELPHIA, March 10, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the first quarter ending March 31, 2023. These common share dividends and limited partnership unit distributions are payable April 17, 2023, to holders of record as of March 31, 2023.

The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the first quarter ending March 31, 2023. The preferred share dividends are payable April 17, 2023 to holders of record as of April 1, 2023.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company’s 25 hotels totaling 3,811 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California. The Company’s common shares are traded on The New York Stock Exchange under the ticker “HT.” For more information on the Company, and the Company’s hotel portfolio, please visit the Company’s website at www.hersha.com

Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those reflected in the forward-looking statement. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believe,” “could,” “outlook,” “consider,” “expect,” “anticipate,” “forecast,” “project,” “likely,” “estimate,” “plan,” “continue,” “intend,” “should,” “may” and words of similar import. Because these forward-looking statements relate to future events, the Company’s plans, strategies, prospects and future financial performance, and involve known and unknown risks that are difficult to predict and may be outside the Company’s control, they are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Therefore, you should not rely on any of these forward-looking statements. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed by the Company with the Securities and Exchange Commission (“SEC”) and other documents filed by the Company with the SEC from time to time. All information provided in this press release, unless otherwise stated, is as of March 10 2023, and the Company undertakes no duty to update this information unless required by law.

Contact:Ashish Parikh, Chief Financial Officer
 Andrew Tamaccio, Director of Finance & Investor Relations
 Phone: (215) 238-1046

FAQ

What is the dividend amount for Hersha Hospitality Trust (HT) in Q1 2023?

Hersha Hospitality Trust declared a cash dividend of $0.05 per common share and per limited partnership unit for Q1 2023.

When will the dividends for Hersha Hospitality Trust (HT) be paid?

The dividends will be paid on April 17, 2023.

What are the preferred share dividends for Hersha Hospitality Trust (HT)?

Preferred share dividends are $0.4297 for Series C, and $0.40625 for Series D and E.

What is the record date for the dividend payments for Hersha Hospitality Trust (HT)?

The record date for common shares is March 31, 2023, and for preferred shares, it is April 1, 2023.

Hersha Hospitality Trust

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