HARRISBURG, Well. (AP) _ Hersha Hospitality Trust (HT) on Monday reported a loss in funds from operations in its third quarter, after reporting a profit in the same period a year earlier. The results did not meet Wall Street expectations.

The real estate investment trust, based in Harrisburg, Pennsylvania, said it had a funds from operations loss of $20.1 million, or 46 cents per share, in the period.

The average estimate of eight analysts surveyed by Zacks Investment Research was for a funds from operations loss of 43 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The hotel real estate investment trust posted revenue of $33.7 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $43.1 million.

The company’s shares have fallen 48% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.53, a fall of 47% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HT at https://www.zacks.com/ap/HT

Source: https://www.bigrapidsnews.com/business/article/Hersha-Hospitality-3Q-Earnings-Snapshot-15713677.php

Hersha Hospitality Trust, NYSE:HT, Stock

World news – US – Hersha Hospitality: 3Q Earnings Snapshot

Building on its expertise in the areas of digital, technologies and processes , CSS Engineering you in your most ambitious transformation projects and helps you bring out new ideas, new offers, new modes of collaboration, new ways of producing and selling.

CSS Engineering is involved in projects each customer as if it were his own. We believe a consulting company should be more than an advisor. We put ourselves in the place of our customers, to align we incentives to their goals, and collaborate to unlock the full potential their business. This establishes deep relationships and enjoyable.

Our services:

  1. Create professional websites
  2. Hosting high performance and unlimited
  3. Sale and video surveillance cameras installation
  4. Sale and Installation of security system and alarm
  5. E-Marketing

All our achievements here https://www.css-engineering.com/en/works/


Please enter your comment!
Please enter your name here