Hersha Hospitality Trust Q3 FFO Rises - Quick Facts

(RTTNews) - Hersha Hospitality Trust (HT) Wednesday reported third-quarter funds from operations, or FFO, of $23.97 million, up from $20.63 million in the same period last year.

Adjusted FFO for the quarter was $26.5 million or $0.13 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Net loss for the quarter was $1.1 million or $0.01 per share, compared to a profit of $2.7 million or $0.01 per share last year.

Revenues increased to $90.29 million from $79.62 million last year. Analysts expected revenues of $108.94 million.