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Hersha Hospitality Trust (NYSE: HT) has announced the tax classification of its Series C, D, and E Cumulative Redeemable Preferred Shares distributions for 2021. The total cash distributions amounted to $3.0079 for Series C, $2.84375 for Series D, and $2.84375 for Series E shares. Taxable ordinary income is $0 for each series, with capital gain distributions and nontaxable distributions detailed in the release. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions.
Hersha Hospitality Trust (HT) reported strong preliminary operating results for December 2021, showing property-level cash flow of $9.7 million. Key metrics include a 7.2% increase in average daily rate (ADR) to $250 and gross operating profit (GOP) margin expansion of 430 basis points to 44.6%. The urban portfolio achieved 75% occupancy in Manhattan, with a 3.9% weekend ADR growth. Resort properties also performed well, with 49% RevPAR growth at the Parrot Key Hotel. The company expresses optimism for growth in 2022 despite ongoing challenges.
Hersha Hospitality Trust (NYSE: HT) will release its fourth quarter 2021 financial results after market close on February 16, 2022. A conference call is scheduled for February 17, 2022, at 9:00 AM ET, featuring CEO Jay H. Shah and other executives. The call can be accessed via phone or through a live audio webcast on the company's website. The company operates 36 hotels in key markets, totaling 5,802 rooms. The press release includes a forward-looking statement highlighting potential risks to future performance.
Hersha Hospitality Trust (NYSE: HT) announced a fourth-quarter cash dividend of $0.4297 per Series C Preferred Share and $0.40625 per Series D and E Preferred Shares. These dividends are payable on January 18, 2022 to shareholders on record as of December 31, 2021.
The Company operates 36 hotels with 5,802 rooms in key urban and resort locations. These include markets like New York, Washington, DC, and Boston, reflecting Hersha's strategic alignment in high-quality hospitality investments.
Hersha Hospitality Trust (NYSE: HT) reported a third quarter net loss of $19.8 million, or $0.51 per share, significantly improving from a $49.2 million loss in Q3 2020. Adjusted Funds from Operations (AFFO) reached $5.0 million, up from a negative $26.2 million year-over-year. The company saw a 39% increase in property-level cash flow compared to Q2 2021, highlighting a recovery trend as occupancy and average daily room rates improved. Despite ongoing challenges from the COVID-19 pandemic, demand for urban properties is returning, with a notable increase in business travel expected to continue into early 2022.
Hersha Hospitality Trust (NYSE: HT) announced its Q3 2021 financial results will be released on October 26, 2021, after market close. A conference call to discuss the results is scheduled for October 27, 2021, at 9:00 AM ET, featuring key executives including CEO Jay H. Shah and CFO Ashish Parikh. The Company operates 36 hotels totaling 5,802 rooms in major urban and resort destinations, highlighting its strong market presence. Investors can access the call via the Company’s investor relations website.
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.
Hersha Hospitality Trust (HT) reported a net loss of $28.6 million or $0.73 per share for Q2 2021, an improvement from a $67.5 million loss in Q2 2020. Adjusted Funds from Operations (AFFO) also improved to a loss of $1.7 million, up from $32.9 million the previous year. Property-level cash flow reached $18.3 million, a 281% increase from Q1 2021. Corporate cash flow turned positive in June 2021. RevPAR increased by 28% exceeding $130, with South Florida leading performance. Despite positive trends, the company refrained from issuing full-year guidance due to ongoing COVID-19 uncertainty.
Hersha Hospitality Trust (NYSE: HT) will announce its second quarter 2021 financial results on July 27, 2021, post-market close. A conference call to discuss these results will occur on July 28, 2021, at 9:00 AM ET, hosted by CEO Jay H. Shah and other executives. Hersha operates 36 hotels with 5,802 rooms in key markets including New York and Washington, DC. The live audio webcast will be accessible through the investor relations website, with a replay available until August 27, 2021.
Hersha Hospitality Trust (NYSE: HT) announced a cash dividend of $0.4297 per Series C Preferred Share, and $0.40625 per Series D and E Preferred Shares for Q2 2021. These dividends will be paid on July 15, 2021, to shareholders on record as of July 1, 2021. The company operates 36 hotels with a total of 5,802 rooms in major U.S. markets. Hersha continues to focus on high-quality hospitality investments.
