Hersha Hospitality Trust Announces Quarterly Dividends

Rhea-AI Summary

Hersha Hospitality Trust (NYSE: HT) announced a fourth-quarter cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares. These dividends are payable on January 18, 2022 to shareholders on record as of December 31, 2021.

The Company operates 36 hotels with 5,802 rooms in key urban and resort locations. These include markets like New York, Washington, DC, and Boston, reflecting Hersha's strategic alignment in high-quality hospitality investments.

Positive

• Declaration of dividends demonstrates company confidence.
• Consistent dividend payment reflects solid cash flow management.

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• None.

PHILADELPHIA, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Board of Trustees 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 fourth quarter ending December 31, 2021. The preferred share dividends are payable January 18, 2022 to holders of record as of December 31, 2021.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality hotels in urban gateway markets and regional resort destinations. The Company's 36 hotels totaling 5,802 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. 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. 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.

Contact:

Ashish Parikh, Chief Financial Officer Phone: (215) 238-1046

FAQ

What dividend has Hersha Hospitality Trust declared for Q4 2021?

Hersha Hospitality Trust declared a dividend of $0.4297 for Series C and $0.40625 for Series D and E Preferred Shares.

When will the dividends for Hersha Hospitality Trust be paid?

The dividends will be paid on January 18, 2022.

What is the record date for Hersha Hospitality Trust's dividend?

The record date for the dividend is December 31, 2021.