Hersha Hospitality Trust Announces Quarterly Dividends

Rhea-AI Summary

Hersha Hospitality Trust (HT) announced cash dividends for the first quarter ending March 31, 2022. The Board declared a dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares. Payments are scheduled for April 18, 2022, to shareholders on record as of March 31, 2022. Hersha operates 36 hotels with a total of 5,802 rooms in key markets, including New York and Washington, D.C., enhancing their investment appeal.

Positive

• Declared cash dividends showcasing financial stability.
• High-quality hotel portfolio in urban gateway markets.

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• None.

PHILADELPHIA, March 10, 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 first quarter ending March 31, 2022. The preferred share dividends are payable April 18, 2022, to holders of record as of March 31, 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

What is the dividend payment amount for Hersha Hospitality Trust (HT) in Q1 2022?

Hersha Hospitality Trust (HT) declared a cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares for Q1 2022.

When will the dividends for HT be paid?

The dividends are scheduled to be paid on April 18, 2022.

Who are eligible shareholders for HT's Q1 2022 dividends?

Shareholders on record as of March 31, 2022, are eligible for the Q1 2022 dividends.

Where does Hersha Hospitality Trust operate its hotels?

Hersha Hospitality Trust operates hotels in key markets such as New York, Washington, D.C., Boston, Philadelphia, and South Florida.