Hersha Hospitality Trust Announces Quarterly Dividends

Rhea-AI Summary

On May 27, 2022, Hersha Hospitality Trust (HT) announced a cash dividend for the second quarter of 2022, declaring $0.4297 per Series C Preferred Share and $0.40625 for both Series D and E Preferred Shares. The dividends are payable on July 15, 2022, to shareholders of record as of July 1, 2022. Hersha operates 36 hotels totaling 5,802 rooms in key urban and resort locations, contributing to its status as a significant player in the hospitality sector. The company's portfolio focuses on high-quality properties in major markets including New York and Washington, DC.

Positive

• Declared a cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares.
• Dividends provide income for shareholders, reflecting company confidence.

Negative

• None.

PHILADELPHIA, May 27, 2022 (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 second quarter ending June 30, 2022. The preferred share dividends are payable July 15, 2022, to holders of record as of July 1, 2022.

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

When will Hersha Hospitality Trust's dividend be paid?

The dividend will be paid on July 15, 2022, to shareholders of record as of July 1, 2022.

What is the amount of the dividend declared by Hersha Hospitality Trust?

Hersha declared a cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares.

How many hotels does Hersha Hospitality Trust own?

Hersha Hospitality Trust owns 36 hotels totaling 5,802 rooms.

In which markets does Hersha Hospitality Trust operate its hotels?

Hersha operates hotels in urban gateway markets and regional resort destinations, including New York, Washington, DC, Boston, Philadelphia, and South Florida.