Hersha Hospitality: Q4 Earnings Snapshot
HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Hersha Hospitality Trust (HT) on Wednesday reported a key measure of profitability in its fourth quar...
HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Hersha Hospitality Trust (HT) on Wednesday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations. The real estate investment trust, based in Harrisburg, Pennsylvania, said it had funds from operations of $16.1 million, or 34 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 36 cents per share. Funds from operations is a closely watched measure in the REIT industry.