Hersha Hospitality Trust Announces First Quarter 2022 Results
Hersha Hospitality Trust Class A Common Shares of Beneficial Interest (HT)
Last hersha hospitality trust class a common shares of beneficial interest earnings: 2/24 04:15 pm
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hersha.com
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Source: GlobeNewswire
- First Quarter 2022 Net Loss of $0.58 Per Share - - First Quarter 2022 Adjusted Funds from Operations1 of $0.06 Per Share – - Demand improved sequentially during the quarter with a rapid acceleration through March - - March Property Level EBITDA1 of $12 Million is the highest since the onset of the Pandemic – - ADR Growth of 10.5% vs. First Quarter 2019 for the Comparable Portfolio – - Comparable Portfolio GOP Margin of 40.8%, Exceeds Q1 2019 by 365 Bps – - Comparable Portfolio EBITDA Margin of 28.3%, Exceeds Q1 2019 by 373 Bps - - Resort Portfolio RevPAR 28.6% Above First Quarter 2019 - PHILADELPHIA, April 27, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Results (Unaudited in thousands, except per share amounts) Three Months ended Mar
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