Hersha Hospitality Trust Key Executives
This section highlights Hersha Hospitality Trust's key executives, including their titles and compensation details.
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Hersha Hospitality Trust Earnings
This section highlights Hersha Hospitality Trust's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2023 | 2023-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-04-27 | N/A | N/A |
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 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."
$9.99
Stock Price
$482.85M
Market Cap
27
Employees
Harrisburg, PA
Location
Financial Statements
Access annual & quarterly financial statements for Hersha Hospitality Trust, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $405.87M | $295.99M | $176.66M | $529.96M | $495.06M |
| Cost of Revenue | $272.21M | $219.34M | $185.49M | $360.62M | $338.27M |
| Gross Profit | $133.67M | $76.65M | $-8.82M | $169.34M | $156.79M |
| Gross Profit Ratio | 32.93% | 25.90% | -5.00% | 31.95% | 31.67% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $26.48M | $23.03M | $20.08M | $26.43M | $26.88M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $26.48M | $23.03M | $20.08M | $26.43M | $26.88M |
| Other Expenses | $64.97M | $83.31M | $96.96M | $96.53M | $-901.00K |
| Operating Expenses | $91.44M | $106.34M | $117.04M | $122.96M | $116.71M |
| Cost and Expenses | $363.65M | $325.68M | $302.52M | $483.58M | $454.98M |
| Interest Income | $1.52M | $15.00K | $39.00K | $253.00K | $114.00K |
| Interest Expense | $48.42M | $57.55M | $53.28M | $52.20M | $48.49M |
| Depreciation and Amortization | $64.97M | $83.31M | $90.06M | $96.90M | $89.83M |
| EBITDA | $113.97M | $51.47M | $-32.32M | $143.27M | $130.21M |
| EBITDA Ratio | 28.08% | 17.39% | -18.30% | 27.03% | 26.30% |
| Operating Income | $49.01M | $-31.84M | $-122.39M | $46.37M | $52.70M |
| Operating Income Ratio | 12.07% | -10.76% | -69.28% | 8.75% | 10.65% |
| Total Other Income Expenses Net | $121.85M | $-14.41M | $79.04M | $-48.54M | $-44.07M |
| Income Before Tax | $170.86M | $-44.01M | $-177.93M | $-5.75M | $8.63M |
| Income Before Tax Ratio | 42.10% | -14.87% | -100.72% | -1.09% | 1.74% |
| Income Tax Expense | $4.80M | $838.00K | $11.33M | $92.00K | $267.00K |
| Net Income | $146.72M | $-44.84M | $-189.26M | $-5.85M | $9.99M |
| Net Income Ratio | 36.15% | -15.15% | -107.13% | -1.10% | 2.02% |
| EPS | $4.22 | $-1.15 | $-4.90 | $-0.15 | $0.25 |
| EPS Diluted | $4.03 | $-1.15 | $-4.90 | $-0.15 | $0.25 |
| Weighted Average Shares Outstanding | 38.61M | 39.09M | 38.61M | 38.91M | 39.27M |
| Weighted Average Shares Outstanding Diluted | 38.61M | 39.09M | 38.61M | 38.91M | 39.38M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.98M | $97.81M | $75.15M | $96.47M | $104.25M | $123.29M | $81.87M | $93.48M | $85.25M | $70.10M | $47.16M | $35.34M | $33.75M | $17.44M | $90.14M | $132.67M | $135.00M | $147.50M | $114.79M | $133.74M |
| Cost of Revenue | $37.10M | $64.79M | $59.21M | $64.92M | $71.41M | $76.96M | $58.92M | $64.07M | $60.08M | $51.84M | $43.35M | $40.15M | $39.40M | $29.41M | $76.52M | $90.25M | $92.03M | $92.72M | $85.62M | $89.58M |
| Gross Profit | $54.88M | $33.02M | $15.94M | $31.55M | $32.84M | $46.33M | $22.95M | $29.41M | $25.17M | $18.26M | $3.81M | $-4.82M | $-5.66M | $-11.96M | $13.61M | $42.42M | $42.97M | $54.78M | $29.18M | $44.16M |
| Gross Profit Ratio | 59.70% | 33.80% | 21.20% | 32.70% | 31.50% | 37.60% | 28.00% | 31.50% | 29.50% | 26.00% | 8.10% | -13.63% | -16.77% | -68.60% | 15.10% | 31.97% | 31.83% | 37.14% | 25.42% | 33.02% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $6.05M | $5.77M | $4.93M | $8.79M | $5.88M | $6.49M | $5.32M | $7.83M | $4.97M | $5.29M | $4.94M | $5.66M | $4.40M | $4.19M | $5.83M | $7.12M | $5.61M | $8.10M | $5.60M | $8.37M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $6.05M | $5.77M | $4.93M | $8.79M | $5.88M | $6.49M | $5.32M | $7.83M | $4.97M | $5.29M | $4.94M | $5.66M | $4.40M | $4.19M | $5.83M | $7.12M | $5.61M | $8.10M | $5.60M | $8.37M |
| Other Expenses | $40.47M | $73.00K | $13.67M | $13.79M | $14.90M | $-108.00K | $-99.00K | $-74.00K | $-176.00K | $-84.00K | $461.00K | $8.00K | $-73.00K | $-385.00K | $-72.00K | $-255.00K | $-246.00K | $-124.00K | $41.00K | $-183.00K |
| Operating Expenses | $46.52M | $19.78M | $18.60M | $22.57M | $20.78M | $23.49M | $24.59M | $27.84M | $25.45M | $26.30M | $26.75M | $30.05M | $28.45M | $28.51M | $30.02M | $31.46M | $29.70M | $32.06M | $29.73M | $31.83M |
| Cost and Expenses | $83.62M | $84.56M | $77.81M | $87.49M | $92.19M | $100.45M | $83.52M | $91.91M | $85.53M | $78.14M | $70.10M | $70.20M | $67.86M | $57.91M | $106.55M | $121.72M | $121.73M | $124.78M | $115.35M | $121.41M |
| Interest Income | $5.04M | $5.27M | $1.74M | $1.41M | $101.00K | $1.00K | $1.00K | $7.00K | $3.00K | $4.00K | $1.00K | $- | $1.00K | $2.00K | $36.00K | $46.00K | $66.00K | $58.00K | $83.00K | $46.00K |
| Interest Expense | $11.78M | $11.78M | $9.09M | $8.82M | $11.33M | $14.77M | $13.05M | $14.55M | $14.59M | $13.89M | $13.43M | $13.44M | $12.25M | $13.48M | $13.01M | $13.05M | $12.94M | $13.32M | $12.90M | $12.83M |
| Depreciation and Amortization | $13.79M | $14.63M | $13.67M | $13.79M | $14.90M | $16.27M | $20.68M | $20.01M | $20.48M | $22.20M | $23.04M | $24.39M | $25.04M | $24.32M | $24.19M | $24.34M | $24.09M | $24.36M | $24.13M | $23.47M |
| EBITDA | $5.47M | $32.48M | $13.30M | $29.28M | $28.01M | $40.09M | $16.80M | $21.08M | $19.42M | $12.40M | $-90.00K | $-11.22M | $-10.91M | $-17.04M | $6.72M | $35.26M | $37.21M | $47.31M | $23.88M | $35.82M |
| EBITDA Ratio | 5.95% | 33.21% | 17.70% | 30.36% | 26.86% | 32.52% | 20.53% | 22.55% | 22.78% | 17.68% | -0.19% | -31.74% | -32.34% | -97.68% | 7.46% | 26.58% | 27.57% | 32.07% | 20.80% | 26.79% |
| Operating Income | $8.37M | $13.25M | $-364.00K | $15.50M | $13.11M | $23.82M | $-1.67M | $1.57M | $-282.00K | $-7.59M | $-23.29M | $-30.33M | $-34.11M | $-41.54M | $-16.41M | $10.94M | $13.26M | $22.72M | $-553.00K | $13.81M |
| Operating Income Ratio | 9.09% | 13.55% | -0.48% | 16.06% | 12.57% | 19.32% | -2.04% | 1.68% | -0.33% | -10.83% | -49.37% | -85.83% | -101.08% | -238.19% | -18.20% | 8.25% | 9.83% | 15.40% | -0.48% | 10.33% |
| Total Other Income Expenses Net | $-7.14M | $-7.22M | $-6.80M | $20.67M | $128.49M | $-14.52M | $-15.27M | $-15.05M | $-15.37M | $-15.78M | $31.79M | $-13.02M | $-14.09M | $-14.37M | $-14.06M | $-13.10M | $-13.31M | $-13.13M | $-12.59M | $-12.06M |
| Income Before Tax | $1.22M | $6.03M | $-9.47M | $36.17M | $141.59M | $9.30M | $-16.95M | $-13.48M | $-15.65M | $-23.37M | $8.50M | $-43.35M | $-48.20M | $-55.91M | $-30.47M | $-2.15M | $-44.00K | $9.59M | $-13.15M | $1.76M |
| Income Before Tax Ratio | 1.33% | 6.16% | -12.60% | 37.49% | 135.82% | 7.55% | -20.70% | -14.42% | -18.36% | -33.34% | 18.02% | -122.69% | -142.83% | -320.56% | -33.80% | -1.62% | -0.03% | 6.50% | -11.45% | 1.31% |
| Income Tax Expense | $-275.00K | $65.00K | $34.00K | $-716.00K | $5.40M | $93.00K | $21.00K | $999.00K | $277.00K | $151.00K | $-589.00K | $-17.00K | $-28.00K | $15.87M | $-4.50M | $1.88M | $-551.00K | $4.03M | $-5.26M | $-933.00K |
| Net Income | $952.00K | $7.76M | $-9.50M | $32.92M | $121.52M | $8.14M | $-16.52M | $-12.80M | $-13.76M | $-22.55M | $8.93M | $-38.71M | $-43.14M | $-61.42M | $-23.07M | $-3.22M | $609.00K | $5.60M | $-6.96M | $2.69M |
| Net Income Ratio | 1.03% | 7.94% | -12.64% | 34.13% | 116.57% | 6.60% | -20.17% | -13.69% | -16.13% | -32.16% | 18.93% | -109.55% | -127.84% | -352.16% | -25.60% | -2.43% | 0.45% | 3.80% | -6.06% | 2.01% |
| EPS | $0.02 | $0.04 | $-0.24 | $0.65 | $3.08 | $0.20 | $-0.42 | $-0.33 | $-0.35 | $-0.58 | $0.07 | $-1.00 | $-1.12 | $-1.59 | $-0.60 | $-0.08 | $-0.15 | $-0.02 | $-0.18 | $-0.09 |
| EPS Diluted | $0.02 | $0.04 | $-0.24 | $0.62 | $2.97 | $0.20 | $-0.42 | $-0.33 | $-0.35 | $-0.58 | $0.07 | $-1.00 | $-1.12 | $-1.59 | $-0.60 | $-0.08 | $-0.15 | $-0.02 | $-0.18 | $-0.09 |
| Weighted Average Shares Outstanding | 40.01M | 39.85M | 39.62M | 39.50M | 39.47M | 39.28M | 39.01M | 39.15M | 38.92M | 39.10M | 38.97M | 38.64M | 38.64M | 38.55M | 38.31M | 38.52M | 38.09M | 39.13M | 39.07M | 39.08M |
| Weighted Average Shares Outstanding Diluted | 40.01M | 41.29M | 39.63M | 41.53M | 40.96M | 40.45M | 39.23M | 39.15M | 39.14M | 39.10M | 39.84M | 38.64M | 38.64M | 38.61M | 38.56M | 38.52M | 38.88M | 39.13M | 39.12M | 39.33M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $224.96M | $72.24M | $16.64M | $27.01M | $32.60M |
| Short Term Investments | $1.19B | $92.00K | $- | $2.51M | $1.55M |
| Cash and Short Term Investments | $224.96M | $72.24M | $16.64M | $27.01M | $32.60M |
| Net Receivables | $9.17M | $10.99M | $8.33M | $15.33M | $13.54M |
| Inventory | $-18.71M | $-92.00K | $-10.89M | $-2.51M | $-10.70M |
| Other Current Assets | $23.77M | $12.80M | $114.08M | $12.49M | $18.88M |
| Total Current Assets | $239.19M | $95.93M | $128.16M | $52.31M | $54.32M |
| Property Plant Equipment Net | $16.23M | $43.44M | $44.13M | $45.38M | $2.02B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $684.00K | $1.33M | $1.74M | $2.14M | $13.64M |
| Goodwill and Intangible Assets | $684.00K | $1.33M | $1.74M | $2.14M | $13.64M |
| Long Term Investments | $4.99M | $5.58M | $6.63M | $8.45M | $4.00M |
| Tax Assets | $- | $1.67B | $1.78B | $11.39M | $11.08M |
| Other Non-Current Assets | $1.23B | $21.76M | $15.49M | $2.00B | $40.01M |
| Total Non-Current Assets | $1.25B | $1.74B | $1.85B | $2.07B | $2.08B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.49B | $1.83B | $1.98B | $2.12B | $2.14B |
| Account Payables | $44.15M | $43.21M | $58.45M | $47.63M | $70.95M |
| Short Term Debt | $- | $118.68M | $133.05M | $48.00M | $10.00M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-134.50M | $- | $- |
| Other Current Liabilities | $34.30M | $7.77M | $134.50M | $17.06M | $17.13M |
| Total Current Liabilities | $78.45M | $169.66M | $191.51M | $112.68M | $98.08M |
| Long Term Debt | $648.89M | $1.05B | $1.12B | $1.13B | $1.08B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $648.89M | $1.05B | $1.12B | $1.13B | $1.08B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $727.34M | $1.22B | $1.31B | $1.25B | $1.18B |
| Preferred Stock | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K |
| Common Stock | $398.00K | $394.00K | $389.00K | $387.00K | $395.00K |
| Retained Earnings | $-490.81M | $-595.45M | $-509.24M | $-338.69M | $-267.74M |
| Accumulated Other Comprehensive Income Loss | $16.21M | $-2.75M | $-19.27M | $1.01M | $4.23M |
| Other Total Stockholders Equity | $1.16B | $1.16B | $1.15B | $1.14B | $1.16B |
| Total Stockholders Equity | $683.00M | $557.37M | $623.00M | $807.66M | $892.80M |
| Total Equity | $761.54M | $610.61M | $672.25M | $875.00M | $957.52M |
| Total Liabilities and Stockholders Equity | $1.49B | $1.83B | $1.98B | $2.12B | $2.14B |
| Minority Interest | $78.54M | $53.23M | $49.25M | $67.34M | $64.72M |
| Total Liabilities and Total Equity | $1.49B | $1.83B | $1.98B | $2.12B | $2.14B |
| Total Investments | $1.19B | $5.58M | $6.63M | $8.45M | $5.55M |
| Total Debt | $648.89M | $1.17B | $1.25B | $1.18B | $1.09B |
| Net Debt | $423.93M | $1.10B | $1.23B | $1.16B | $1.06B |
Balance Sheet Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $146.15M | $142.39M | $193.57M | $224.96M | $94.27M | $87.92M | $77.45M | $72.24M | $71.24M | $69.08M | $76.52M | $16.64M | $13.14M | $23.23M | $23.94M | $27.01M | $31.62M | $36.78M | $33.53M | $32.60M |
| Short Term Investments | $- | $16.50M | $1.19B | $1.19B | $1.20B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $146.15M | $142.39M | $193.57M | $224.96M | $94.27M | $87.92M | $77.45M | $72.24M | $71.24M | $69.08M | $76.52M | $16.64M | $13.14M | $23.23M | $23.94M | $27.01M | $31.62M | $36.78M | $33.53M | $32.60M |
| Net Receivables | $7.52M | $7.43M | $4.96M | $9.17M | $6.91M | $8.78M | $7.85M | $10.99M | $9.45M | $7.09M | $8.27M | $8.33M | $6.69M | $6.16M | $5.76M | $15.33M | $15.63M | $16.31M | $18.12M | $13.54M |
| Inventory | $- | $-16.50M | $-15.83M | $-18.71M | $-18.84M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $32.57M | $20.39M | $23.77M | $228.81M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $170.96M | $165.89M | $203.09M | $239.19M | $311.15M | $428.17M | $110.35M | $95.93M | $93.19M | $99.24M | $119.83M | $128.16M | $78.44M | $76.94M | $79.53M | $52.31M | $57.79M | $79.73M | $60.34M | $54.32M |
| Property Plant Equipment Net | $16.61M | $16.77M | $15.95M | $16.23M | $16.49M | $30.15M | $43.21M | $43.44M | $43.78M | $43.47M | $43.80M | $44.13M | $44.45M | $44.76M | $45.08M | $45.38M | $45.69M | $45.99M | $46.29M | $2.02B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $598.00K | $624.00K | $654.00K | $684.00K | $814.00K | $- | $- | $- | $- | $- | $- | $- | $1.79M | $1.88M | $1.99M | $2.14M | $2.25M | $2.33M | $2.44M | $13.64M |
| Goodwill and Intangible Assets | $598.00K | $624.00K | $654.00K | $684.00K | $814.00K | $1.20M | $1.27M | $1.33M | $1.40M | $1.47M | $1.53M | $1.74M | $1.79M | $1.88M | $1.99M | $2.14M | $2.25M | $2.33M | $2.44M | $13.64M |
| Long Term Investments | $5.62M | $6.11M | $4.64M | $4.99M | $5.96M | $5.49M | $6.68M | $5.58M | $6.11M | $7.48M | $7.80M | $6.63M | $8.63M | $7.53M | $8.03M | $8.45M | $6.62M | $8.53M | $2.69M | $4.00M |
| Tax Assets | $1.19B | $1.20B | $- | $- | $- | $1.34B | $1.66B | $1.67B | $322.00K | $499.00K | $606.00K | $1.78B | $1.89B | $1.90B | $15.93M | $11.39M | $13.20M | $12.43M | $16.34M | $11.08M |
| Other Non-Current Assets | $3.13M | $3.54M | $1.22B | $1.23B | $1.24B | $36.15M | $2.11M | $1.69B | $1.70B | $1.71B | $1.72B | $1.80B | $1.89B | $1.92B | $1.95B | $2.00B | $2.01B | $2.01B | $2.04B | $2.06B |
| Total Non-Current Assets | $1.22B | $1.23B | $1.24B | $1.25B | $1.26B | $1.41B | $1.71B | $1.74B | $1.76B | $1.76B | $1.78B | $1.85B | $1.95B | $1.98B | $2.02B | $2.07B | $2.08B | $2.08B | $2.10B | $2.08B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.39B | $1.39B | $1.45B | $1.49B | $1.57B | $1.84B | $1.82B | $1.83B | $1.85B | $1.86B | $1.90B | $1.98B | $2.03B | $2.05B | $2.10B | $2.12B | $2.14B | $2.16B | $2.17B | $2.14B |
| Account Payables | $39.59M | $35.85M | $41.34M | $44.15M | $46.55M | $38.99M | $39.12M | $43.21M | $52.88M | $49.09M | $52.63M | $58.45M | $67.00M | $74.16M | $74.70M | $47.63M | $51.88M | $50.07M | $43.09M | $70.95M |
| Short Term Debt | $- | $- | $- | $- | $- | $118.68M | $118.68M | $118.68M | $118.68M | $118.68M | $121.42M | $133.05M | $115.00M | $95.00M | $70.00M | $48.00M | $46.00M | $37.00M | $37.00M | $10.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $6.53M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $9.82M | $10.98M | $10.68M | $34.30M | $97.93M | $79.79M | $6.48M | $7.77M | $6.88M | $6.04M | $6.04M | $- | $- | $- | $- | $17.06M | $17.05M | $17.22M | $17.21M | $17.13M |
| Total Current Liabilities | $49.41M | $46.84M | $52.02M | $78.45M | $144.49M | $243.99M | $164.29M | $169.66M | $178.44M | $173.82M | $180.10M | $191.51M | $182.00M | $169.16M | $144.70M | $112.68M | $114.93M | $104.29M | $97.30M | $98.08M |
| Long Term Debt | $601.69M | $601.72M | $648.79M | $648.89M | $676.22M | $975.26M | $1.06B | $1.05B | $1.05B | $1.05B | $1.06B | $1.12B | $1.13B | $1.13B | $1.13B | $1.13B | $1.14B | $1.14B | $1.14B | $1.08B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $601.69M | $601.72M | $648.79M | $648.89M | $676.22M | $975.26M | $1.06B | $1.05B | $1.05B | $1.05B | $1.06B | $1.12B | $1.13B | $1.13B | $1.13B | $1.13B | $1.14B | $1.14B | $1.14B | $1.08B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $651.10M | $648.56M | $700.81M | $727.34M | $820.71M | $1.22B | $1.22B | $1.22B | $1.23B | $1.22B | $1.24B | $1.31B | $1.32B | $1.30B | $1.28B | $1.25B | $1.25B | $1.24B | $1.24B | $1.18B |
| Preferred Stock | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K | $147.00K |
| Common Stock | $401.00K | $401.00K | $399.00K | $398.00K | $397.00K | $396.00K | $394.00K | $394.00K | $393.00K | $392.00K | $391.00K | $389.00K | $389.00K | $388.00K | $387.00K | $387.00K | $386.00K | $393.00K | $392.00K | $395.00K |
| Retained Earnings | $-514.92M | $-508.45M | $-506.36M | $-490.81M | $-496.28M | $-612.95M | $-615.74M | $-595.45M | $-576.96M | $-557.16M | $-530.53M | $-509.24M | $-470.53M | $-427.39M | $-362.78M | $-338.69M | $-318.61M | $-302.70M | $-291.28M | $-267.74M |
| Accumulated Other Comprehensive Income Loss | $10.97M | $13.33M | $12.75M | $16.21M | $16.65M | $15.63M | $10.91M | $-2.75M | $-8.85M | $-11.02M | $-12.51M | $-19.27M | $-22.75M | $-27.10M | $-26.41M | $1.01M | $-4.32M | $-3.29M | $1.53M | $4.23M |
| Other Total Stockholders Equity | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.15B | $1.15B | $1.16B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.14B | $1.14B | $1.15B | $1.15B | $1.16B |
| Total Stockholders Equity | $658.36M | $666.71M | $663.95M | $683.00M | $677.12M | $557.59M | $549.20M | $557.37M | $569.28M | $586.01M | $612.07M | $623.00M | $657.31M | $695.34M | $756.80M | $807.66M | $821.37M | $847.49M | $862.45M | $892.80M |
| Total Equity | $737.36M | $745.22M | $744.44M | $761.54M | $753.78M | $617.40M | $605.59M | $610.61M | $619.34M | $636.65M | $661.25M | $672.25M | $709.59M | $751.05M | $819.15M | $875.00M | $888.84M | $914.92M | $930.10M | $957.52M |
| Total Liabilities and Stockholders Equity | $1.39B | $1.39B | $1.45B | $1.49B | $1.57B | $1.84B | $1.82B | $1.83B | $1.85B | $1.86B | $1.90B | $1.98B | $2.03B | $2.05B | $2.10B | $2.12B | $2.14B | $2.16B | $2.17B | $2.14B |
| Minority Interest | $79.00M | $78.51M | $80.49M | $78.54M | $76.65M | $59.81M | $56.39M | $53.23M | $50.06M | $50.64M | $49.17M | $49.25M | $52.28M | $55.72M | $62.36M | $67.34M | $67.47M | $67.43M | $67.66M | $64.72M |
| Total Liabilities and Total Equity | $1.39B | $1.39B | $1.45B | $1.49B | $1.57B | $1.84B | $1.82B | $1.83B | $1.85B | $1.86B | $1.90B | $1.98B | $2.03B | $2.05B | $2.10B | $2.12B | $2.14B | $2.16B | $2.17B | $2.14B |
| Total Investments | $5.62M | $6.11M | $1.19B | $1.19B | $1.20B | $5.49M | $6.68M | $5.58M | $6.11M | $7.48M | $7.80M | $6.63M | $8.63M | $7.53M | $8.03M | $8.45M | $6.62M | $8.53M | $2.69M | $4.00M |
| Total Debt | $601.69M | $601.72M | $648.79M | $648.89M | $676.22M | $1.09B | $1.17B | $1.17B | $1.17B | $1.17B | $1.18B | $1.25B | $1.25B | $1.23B | $1.20B | $1.18B | $1.18B | $1.17B | $1.17B | $1.09B |
| Net Debt | $455.54M | $459.32M | $455.22M | $423.93M | $581.95M | $1.01B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.23B | $1.24B | $1.21B | $1.18B | $1.16B | $1.15B | $1.14B | $1.14B | $1.06B |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $166.06M | $-44.84M | $-189.26M | $-5.85M | $8.37M |
| Depreciation and Amortization | $69.37M | $88.29M | $100.07M | $98.12M | $91.71M |
| Deferred Income Tax | $- | $-44.84M | $11.29M | $-312.00K | $-144.00K |
| Stock Based Compensation | $14.38M | $12.03M | $9.49M | $10.80M | $11.44M |
| Change in Working Capital | $4.29M | $67.00K | $4.15M | $-987.00K | $11.23M |
| Accounts Receivables | $-431.00K | $-2.80M | $3.52M | $1.03M | $1.76M |
| Inventory | $- | $- | $- | $- | $31.81M |
| Accounts Payables | $10.91M | $7.78M | $-10.59M | $2.28M | $10.72M |
| Other Working Capital | $-6.19M | $-4.91M | $11.21M | $-4.29M | $-33.06M |
| Other Non Cash Items | $-178.54M | $5.53M | $6.80M | $1.34M | $-7.78M |
| Net Cash Provided by Operating Activities | $75.57M | $16.23M | $-57.47M | $103.11M | $114.82M |
| Investments in Property Plant and Equipment | $-23.59M | $-10.87M | $-26.34M | $-48.94M | $-65.63M |
| Acquisitions Net | $5.71M | $-1.49M | $-1.12M | $-6.10M | $-1.00M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $528.12M | $163.83M | $25.95M | $1.47M | $48.66M |
| Net Cash Used for Investing Activities | $510.24M | $151.47M | $-1.51M | $-53.57M | $-17.96M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $94.47M | $28.00M |
| Common Stock Repurchased | $- | $- | $- | $-14.20M | $-10.83M |
| Dividends Paid | $-26.15M | $-42.30M | $-16.85M | $-67.93M | $-68.35M |
| Other Financing Activities | $-414.58M | $-64.06M | $62.45M | $14.59M | $-13.31M |
| Net Cash Used Provided by Financing Activities | $-440.73M | $-106.36M | $45.60M | $-53.34M | $-81.66M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $145.07M | $61.34M | $-13.38M | $-3.80M | $15.20M |
| Cash at End of Period | $230.02M | $84.94M | $23.61M | $36.98M | $40.78M |
| Cash at Beginning of Period | $84.94M | $23.61M | $36.98M | $40.78M | $25.59M |
| Operating Cash Flow | $75.57M | $16.23M | $-57.47M | $103.11M | $114.82M |
| Capital Expenditure | $-23.59M | $-10.87M | $-26.34M | $-48.94M | $-65.63M |
| Free Cash Flow | $51.98M | $5.36M | $-83.81M | $54.18M | $49.19M |
Cash Flow Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $952.00K | $5.96M | $-9.50M | $36.89M | $136.93M | $9.21M | $-16.97M | $-14.48M | $-15.93M | $-23.52M | $9.09M | $-43.34M | $-48.17M | $-71.78M | $-25.97M | $-4.03M | $507.00K | $5.56M | $-7.88M | $2.69M |
| Depreciation and Amortization | $14.41M | $14.63M | $14.32M | $14.42M | $15.81M | $18.45M | $20.68M | $21.35M | $21.70M | $22.20M | $23.04M | $25.64M | $25.04M | $24.75M | $24.64M | $24.75M | $24.48M | $24.36M | $24.54M | $23.94M |
| Deferred Income Tax | $693.00K | $26.47M | $- | $-5.52M | $5.40M | $-357.00K | $936.00K | $322.00K | $177.00K | $107.00K | $-606.00K | $-100.00K | $- | $15.93M | $-4.54M | $1.81M | $-778.00K | $3.91M | $-5.26M | $-1.34M |
| Stock Based Compensation | $2.34M | $2.70M | $2.05M | $5.78M | $2.77M | $3.30M | $2.54M | $5.02M | $2.26M | $2.59M | $2.17M | $3.30M | $1.94M | $1.80M | $2.46M | $3.36M | $2.01M | $3.47M | $1.96M | $4.64M |
| Change in Working Capital | $3.13M | $-6.85M | $2.76M | $-7.98M | $10.47M | $-4.13M | $5.93M | $-3.87M | $1.82M | $2.84M | $-725.00K | $-3.78M | $-3.64M | $6.54M | $5.03M | $1.94M | $1.04M | $4.13M | $-8.10M | $3.93M |
| Accounts Receivables | $90.00K | $-1.39M | $4.11M | $-2.16M | $1.48M | $-1.12M | $1.37M | $-1.65M | $-1.31M | $780.00K | $-629.00K | $-1.95M | $60.00K | $162.00K | $5.25M | $706.00K | $647.00K | $1.60M | $-1.93M | $-816.00K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $5.05M | $-4.83M | $-1.18M | $-1.67M | $7.70M | $1.58M | $3.30M | $-3.25M | $6.10M | $2.65M | $2.28M | $- | $- | $- | $-4.62M | $3.19M | $-1.03M | $3.47M | $-3.34M | $3.10M |
| Other Working Capital | $-2.01M | $-637.00K | $-161.00K | $-4.15M | $1.30M | $-4.59M | $1.25M | $1.03M | $-2.97M | $-591.00K | $-2.38M | $-1.83M | $-3.70M | $6.38M | $4.40M | $-1.95M | $1.43M | $-943.00K | $-2.83M | $1.65M |
| Other Non Cash Items | $-652.00K | $-26.29M | $359.00K | $-33.32M | $-146.57M | $-987.00K | $1.88M | $2.31M | $2.67M | $4.94M | $-93.52M | $548.00K | $1.74M | $5.60M | $3.99M | $1.61M | $702.00K | $-1.13M | $1.49M | $-2.10M |
| Net Cash Provided by Operating Activities | $20.87M | $16.62M | $10.00M | $10.27M | $24.81M | $25.49M | $15.00M | $10.64M | $12.70M | $6.69M | $-13.79M | $-18.01M | $-23.10M | $-19.96M | $3.60M | $28.64M | $27.60M | $40.87M | $6.00M | $31.75M |
| Investments in Property Plant and Equipment | $-8.71M | $-10.73M | $-9.95M | $-5.65M | $-5.89M | $-7.82M | $-4.22M | $-2.88M | $-2.62M | $-2.64M | $-2.73M | $-4.38M | $-6.35M | $-4.63M | $-10.98M | $-15.23M | $-12.48M | $-12.52M | $-8.71M | $-12.06M |
| Acquisitions Net | $- | $- | $- | $6.19M | $- | $- | $-485.00K | $-150.00K | $-789.00K | $-275.00K | $-275.00K | $-300.00K | $-225.00K | $- | $-600.00K | $-2.10M | $- | $-4.39M | $-77.00K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $500.00K | $- | $- | $144.13M | $382.70M | $1.29M | $- | $-2.63M | $-2.62M | $11.56M | $146.65M | $21.55M | $-6.35M | $- | $-10.95M | $-14.95M | $- | $-12.14M | $-8.06M | $-3.50M |
| Net Cash Used for Investing Activities | $-8.21M | $-10.73M | $-9.95M | $144.67M | $376.80M | $-6.53M | $-4.70M | $-2.78M | $-3.41M | $11.28M | $146.38M | $21.25M | $-6.57M | $-4.64M | $-11.55M | $-17.05M | $-11.84M | $-16.54M | $-8.14M | $-3.50M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.00M | $9.47M | $- | $27.00M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.00K | $-9.57M | $- | $-4.62M | $- |
| Dividends Paid | $-8.44M | $-8.43M | $-27.80M | $-8.02M | $-6.04M | $-6.04M | $-6.04M | $-6.04M | $-6.04M | $-6.05M | $-24.17M | $- | $- | $- | $-16.85M | $-16.84M | $-17.02M | $-17.00M | $-17.07M | $-17.06M |
| Other Financing Activities | $-310.00K | $-48.41M | $-4.13M | $-24.30M | $-388.85M | $-681.00K | $-749.00K | $-616.00K | $347.00K | $-15.12M | $-48.68M | $104.00K | $19.75M | $22.62M | $20.39M | $82.00K | $-4.13M | $-2.00M | $20.64M | $-17.42M |
| Net Cash Used Provided by Financing Activities | $-8.75M | $-56.84M | $-31.93M | $-32.32M | $-394.90M | $-6.72M | $-6.79M | $-6.66M | $-5.70M | $-21.16M | $-72.85M | $104.00K | $19.33M | $22.62M | $3.54M | $-16.76M | $-21.15M | $-19.01M | $3.57M | $-34.49M |
| Effect of Forex Changes on Cash | $-3.25M | $77.23M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $3.90M | $-50.94M | $-31.89M | $122.62M | $6.72M | $12.24M | $3.50M | $1.20M | $3.59M | $-3.19M | $59.74M | $3.34M | $-10.34M | $-1.98M | $-4.41M | $-5.18M | $-5.39M | $5.33M | $1.44M | $-6.23M |
| Cash at End of Period | $151.09M | $147.19M | $198.13M | $230.02M | $107.40M | $100.68M | $88.44M | $84.94M | $83.74M | $80.15M | $83.34M | $23.61M | $20.26M | $30.60M | $32.58M | $36.98M | $42.16M | $47.55M | $42.22M | $40.78M |
| Cash at Beginning of Period | $147.19M | $198.13M | $230.02M | $107.40M | $100.68M | $88.44M | $84.94M | $83.74M | $80.15M | $83.34M | $23.61M | $20.26M | $30.60M | $32.58M | $36.98M | $42.16M | $47.55M | $42.22M | $40.78M | $47.01M |
| Operating Cash Flow | $20.87M | $16.62M | $10.00M | $10.27M | $24.81M | $25.49M | $15.00M | $10.64M | $12.70M | $6.69M | $-13.79M | $-18.01M | $-23.10M | $-19.96M | $3.60M | $28.64M | $27.60M | $40.87M | $6.00M | $31.75M |
| Capital Expenditure | $-8.71M | $-10.73M | $-9.95M | $-5.65M | $-5.89M | $-7.82M | $-4.22M | $-2.88M | $-2.62M | $-2.64M | $-2.73M | $-4.38M | $-6.35M | $-4.63M | $-10.98M | $-15.23M | $-12.48M | $-12.52M | $-8.71M | $-12.06M |
| Free Cash Flow | $12.16M | $5.89M | $44.00K | $4.62M | $18.92M | $17.67M | $10.78M | $7.76M | $10.08M | $4.04M | $-16.52M | $-22.39M | $-29.45M | $-24.59M | $-7.38M | $13.41M | $15.13M | $28.35M | $-2.71M | $19.70M |
Hersha Hospitality Trust Dividends
Explore Hersha Hospitality Trust's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
7.95%
Dividend Payout Ratio
17.82%
Dividend Paid & Capex Coverage Ratio
1.52x
Hersha Hospitality Trust Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.05 | $0.05 | September 28, 2023 | September 29, 2023 | October 16, 2023 | September 13, 2023 |
| $0.05 | $0.05 | June 29, 2023 | June 30, 2023 | July 17, 2023 | May 18, 2023 |
| $0.05 | $0.05 | March 30, 2023 | March 31, 2023 | April 17, 2023 | March 10, 2023 |
| $0.55 | $0.5 | December 29, 2022 | December 30, 2022 | January 18, 2023 | December 15, 2022 |
| $0.05 | $0.05 | September 29, 2022 | September 30, 2022 | October 17, 2022 | September 19, 2022 |
| $0.28 | $0.28 | March 30, 2020 | March 31, 2020 | April 15, 2020 | March 05, 2020 |
| $0.28 | $0.28 | January 02, 2020 | January 03, 2020 | January 15, 2020 | December 12, 2019 |
| $0.28 | $0.28 | September 27, 2019 | September 30, 2019 | October 15, 2019 | September 19, 2019 |
| $0.28 | $0.28 | June 27, 2019 | June 28, 2019 | July 15, 2019 | May 30, 2019 |
| $0.28 | $0.28 | March 28, 2019 | March 29, 2019 | April 15, 2019 | March 07, 2019 |
| $0.28 | $0.28 | January 03, 2019 | January 05, 2019 | January 15, 2019 | December 13, 2018 |
| $0.28 | $0.28 | September 28, 2018 | October 01, 2018 | October 15, 2018 | September 17, 2018 |
| $0.28 | $0.28 | June 28, 2018 | June 29, 2018 | July 13, 2018 | June 04, 2018 |
| $0.28 | $0.28 | March 28, 2018 | March 29, 2018 | April 13, 2018 | March 12, 2018 |
| $0.28 | $0.28 | January 04, 2018 | January 05, 2018 | January 16, 2018 | December 14, 2017 |
| $0.28 | $0.28 | September 28, 2017 | September 29, 2017 | October 13, 2017 | September 15, 2017 |
| $0.28 | $0.28 | June 28, 2017 | June 30, 2017 | July 17, 2017 | June 02, 2017 |
| $0.28 | $0.28 | March 29, 2017 | March 31, 2017 | April 17, 2017 | March 13, 2017 |
| $0.2 | $0.2 | January 03, 2017 | January 05, 2017 | January 17, 2017 | December 19, 2016 |
| $0.28 | $0.28 | September 29, 2016 | October 03, 2016 | October 17, 2016 | September 22, 2016 |
Hersha Hospitality Trust News
Read the latest news about Hersha Hospitality Trust, including recent articles, headlines, and updates.
The Shah Family of Hersha Hotels and Resorts Honored with the Prestigious Stephen W. Brener Silver Plate Award
Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family
Hersha Hotels and Resorts Announces Dividend Classification for 2023
PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts (“Hersha” or “the Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust's (“HHT”) Priority Class A Common Share (“Common Shares”), Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Shares”) distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger between HHT and 1776 Portfolio REIT Merger Sub, LLC (“REIT Merger Sub”) pursuant to that certain Agreement and Plan of Merger, dated as of August 27, 2023, by and among HHT, REIT Merger Sub and the other parties thereto, and it should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors as to the tax treatment of the distributions.
HERSHA HOSPITALITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hersha Hospitality Trust - HT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hersha Hospitality Trust (NYSE: HT) to KSL Capital Partners, LLC. Under the terms of the proposed transaction, shareholders of Hersha will receive $10.00 in cash for each share of Hersha that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whethe.
Hersha Hospitality Trust Announces Date of Special Meeting to Approve Acquisition by KSL Capital Partners
PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced that it has set November 8, 2023 as the date for the special meeting of shareholders (the “Special Meeting”) to approve the previously announced acquisition by affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses.
The State Of REITs: September 2023 Edition
The REIT sector gave up some of the gains achieved in June and July, with a -4.13% average total return in August. Small cap REITs (-2.49%) outperformed again in August. Micro caps (-13.08%) badly underperformed their larger REIT peers. Only 18.06% of REIT securities had a positive total return in August, with 48.13% in the black year to date.
Hersha Hospitality Trust Announces Quarterly Dividend
PHILADELPHIA, Sept. 13, 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 third quarter ending September 30, 2023. These common share dividends and limited partnership unit distributions are payable October 16, 2023 to holders of record as of September 29, 2023.
Shareholder Alert: Ademi LLP investigates whether Hersha Hospitality Trust has obtained a Fair Price in its transaction with KSL
MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Hersha (NYSE: HT) for possible breaches of fiduciary duty and other violations of law in its transaction with KSL. Click here to learn how to join the action https://www.ademilaw.com/case/hersha-hospitality-trust or call Guri Ademi toll-free at 866-264-3995.
HT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Hersha Hospitality Trust Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Hersha Hospitality Trust (NYSE: HT) to affiliates of KSL Capital Partners, LLC for $10.00 per share is fair to Hersha shareholders. Halper Sadeh encourages Hersha shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether.
Hersha Hospitality stock soars after buyout deal at 59% premium with KSL Capital
Shares of Hersha Hospitality Trust HT, soared 56.7% toward an eight-month high in premarket trading Monday, after the real estate investment trust focused on the hospitality sector announced an agreement to be acquired by private equity firm KSL Capital Partners LLC in a cash deal valued at $1.4 billion. Under terms of the deal, KSL will pay $10 in cash for each Hersha share outstanding, which represents a 59.2% premium to Friday's closing price of $6.28.
Hersha Hospitality Trust to be Acquired by KSL Capital Partners
Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha's closing share price on August 25, 2023, the last full trading day prior to this announcement.
12 Sturdy REITs Expected To Grow Revenues By Double Digits
Most REIT investors prioritize high dividends, while I focus on growth and healthy companies. This article identifies 17 REITs expected to have double-digit FFO per share growth this year or next, and to grow FFO at a 2-year CAGR of 7.5% or better. This article then evaluates the balance sheet strength of those 17, to winnow the list down to 12.
Hersha Hospitality Trust Announces Second Quarter 2023 Results
- Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “the Company,” “we” or “our”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results (Unaudited in thousands, except per share amounts) Three Months Ended June 30, 2023 2022 Net Income Applicable to Common Shareholders $ 1,721 $ 2,427 Net Income per Common Share $ 0.04 $ 0.06 Adjusted FFO1 $ 18,087 $ 26,115 Adjusted FFO per common share and OP Unit $ 0.38 $ 0.57 1 Non-GAAP financial measure.
Give Yourself A Raise: Yield Arbitrage In The Hersha Hospitality Capital Stack
The article discusses an arbitrage opportunity between Hersha Hospitality Trust 6.875% Series C Preferred and Hersha Hospitality Trust 6.50% Series E Preferred. I highlight the challenges of arbitrage trading within small-cap issues, including illiquidity and low trading volumes. Despite these challenges, I argue that attentive, active investors can achieve superior results through disciplined investment strategies.
Hersha Hospitality Trust: Undervalued But Financial Performance A Concern
Hersha Hospitality Trust is a hospitality REIT focused on luxury, upscale, and upper midscale hotels in key markets such as New York City, Boston, Washington D.C., and Philadelphia. The company has recently reinstated its dividend and pays a forward dividend yield of 3.30%, with several valuation metrics indicating that the company is undervalued at present. However, concerns over the company's financial performance, including a declining AFFO over the past few years, make it a "Hold" for investors seeking better opportunities in the hospitality industry.
Hersha Hospitality Trust: Resilient Portfolio With A Promising Future
Hersha Hospitality Trust is a real estate investment trust specializing in upscale and luxury hotels. The company has been recovering well after Covid and has been increasing its revenue. After analyzing this company, I believe it is worth investing in.
Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on August 2, 2023
PHILADELPHIA, June 12, 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 that the Company will release its financial results for the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.
Hersha Hospitality: Big Selloff Creates Opportunity
Since the beginning of the month, Hersha has sold off from $8.60/share to the current price of $6.15, despite hotel booking trends improving. Last year, Hersha sold off 9 of their 33 hotels, reducing net debt from $1.1 billion at year-end 2021 to just $405.2 million currently.
Hersha Hospitality Trust to Report First Quarter 2023 Earnings on April 26, 2023
PHILADELPHIA, March 20, 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 that the Company will release its financial results for the first quarter 2023 after the market close on Wednesday, April 26, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 27, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.
Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range.
Risks Of 'No Landing'
U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.
Hersha Hospitality Trust (HT) Q4 2022 Earnings Call Transcript
Hersha Hospitality Trust (NYSE:HT ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Andrew Tamaccio – Investor Relations Neil H. Shah – President and Chief Executive Officer Ashish Parikh – Chief Financial Officer Conference Call Participants Bryan Maher – B.
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