Welcome to our dedicated page for Hersha Hospitali news (Ticker: HT), a resource for investors and traders seeking the latest updates and insights on Hersha Hospitali stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hersha Hospitali's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hersha Hospitali's position in the market.
Hersha Hospitality Trust (NYSE: HT) will release its financial results for Q3 2022 after market close on October 26, 2022. A conference call to discuss the results is scheduled for October 27, 2022, at 9:00 AM ET, led by CEO Jay H. Shah, President Neil H. Shah, and CFO Ashish Parikh. Investors can access a live audio webcast on the Company’s website. The company operates 30 hotels totaling 4,544 rooms in key markets like New York and Miami, focusing on luxury and lifestyle offerings.
Hersha Hospitality Trust (HT) announced the successful refinancing of a $500 million Senior Secured Credit Facility, consisting of a $400 million Term Loan and a $100 million undrawn revolving credit line. The refinancing, with a maturity extending to August 2024, will save the company approximately $10 million in interest expenses. Additionally, the company closed on the sale of six non-core Urban Select Service properties for about $435.9 million. This move eliminates near-term debt maturities and provides greater financial flexibility for future growth initiatives.
Hersha Hospitality Trust (HT) reported a net income of $9.2 million or $0.05 per share for Q2 2022, a significant recovery from a loss of $23.5 million in Q2 2021. Adjusted Funds from Operations (FFO) reached $25.7 million, translating to $0.56 per share. The company's comparable portfolio saw a 12.2% ADR growth compared to Q2 2019, with an EBITDA margin of 38.7%, surpassing pre-pandemic levels. Strong performance was noted in urban and resort markets, with notable contributions from properties in New York, South Florida, and the West Coast. A planned sale of non-core properties for $505 million is also underway.
Hersha Hospitality Trust (NYSE: HT) will release its Q2 2022 financial results on August 3, 2022, after market close. The company will host a conference call on August 4, 2022, at 9:00 AM ET, featuring executives including CEO Jay H. Shah. A live audio webcast of the call will be available on their website. Hersha operates 36 hotels with a total of 5,802 rooms in key markets, including New York and Washington, DC. The company highlights risks and uncertainties in forward-looking statements, encouraging investors to review their SEC filings for further information.
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.
Hersha Hospitality Trust (NYSE: HT) announced a definitive agreement to sell seven non-core properties for $505 million, expected to reduce net debt by $460-$480 million. This transaction aligns with the company's strategy to focus on luxury and lifestyle segments and urban markets. The sale is projected to enhance financial metrics, including an increase in Total RevPAR from $206 to $219 and EBITDA per key from $32,000 to $33,000. The deal is anticipated to close in Q3 2022, subject to customary conditions.
Hersha Hospitality Trust (HT) reported a first quarter 2022 net loss of $0.58 per share, a significant decline from $0.07 in Q1 2021. However, the adjusted funds from operations (AFFO) improved to $0.06 per share from a loss of $0.36 in the previous year. March saw an uptick in demand with property-level EBITDA reaching $12 million, the highest since the pandemic began. Comparable portfolio metrics showed notable growth, with a 40.8% GOP margin exceeding Q1 2019 by 365 basis points. Dividends for preferred shares were maintained, with $88 million in cash at Q1's end.
Hersha Hospitality Trust (HT) announced the release of its first quarter 2022 financial results scheduled for April 27, 2022, after market close. A subsequent conference call will take place on April 28, 2022, at 9:00 AM ET, featuring CEO Jay H. Shah, President Neil H. Shah, and CFO Ashish Parikh. The company operates 36 hotels with a total of 5,802 rooms in prominent markets such as New York and Washington, DC. Investors can access the live webcast on Hersha's website, and a replay will be available within a month.
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.
Hersha Hospitality Trust (NYSE: HT) reported a fourth quarter 2021 net loss of $0.48 per share, an improvement from a loss of $1.16 per share in Q4 2020. Adjusted funds from operations were $0.20 per share, up from a loss of $0.23 per share last year. Property-level cash flow increased by 16% from Q3 2021, reaching $29.4 million. The comparable portfolio achieved a GOP margin of 45%, surpassing Q4 2019 performance. RevPAR for the resort portfolio grew 15.7% compared to Q4 2019. The company remains optimistic about recovery despite ongoing pandemic challenges.
