Hersha Hospitality Trust Announces Quarterly Dividends

Rhea-AI Summary

Hersha Hospitality Trust (HT) has declared cash dividends for its preferred shares for Q3 2021. Shareholders will receive $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares. The dividends are payable on October 15, 2021, to shareholders of record as of October 1, 2021. Hersha owns and operates 36 hotels totaling 5,802 rooms across key urban markets and resort destinations, focusing on high-quality hospitality services.

Positive

• Declared cash dividend of $0.4297 per Series C Preferred Share.
• Declared cash dividend of $0.40625 per Series D Preferred Share.
• Declared cash dividend of $0.40625 per Series E Preferred Share.
• Dividends demonstrate financial confidence and commitment to shareholders.

Negative

• None.

PHILADELPHIA, Sept. 14, 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 third quarter ending September 30, 2021. The preferred share dividends are payable October 15, 2021 to holders of record as of October 1, 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 Greg Costa, Director of Investor Relations Phone: (215) 238-1046

FAQ

What is the dividend amount declared by Hersha Hospitality Trust for Q3 2021?

Hersha Hospitality Trust declared a cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares for Q3 2021.

When is the dividend for Hersha Hospitality Trust payable?

The dividend is payable on October 15, 2021, to shareholders of record as of October 1, 2021.

What is the significance of the dividend declaration for HT shareholders?

The dividend declaration reflects Hersha's financial stability and commitment to returning value to its shareholders.