Hersha Hospitality Trust Earnings: Everything You Must Know Now

Hersha Hospitality Trust (NYSE:HT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Hersha Hospitality Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 22.22% to $0.11 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 25.52% to $98.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hersha Hospitality Trust reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $94.36 million.

Quoting Management: “Based upon our forward booking pace we anticipated a strong fourth quarter and were pleased that our results exceeded even our internal expectations, despite the initial disruption related to the impact of Hurricane Sandy in the Northeast,” commented Mr. Jay H. Shah, the Company’s Chief Executive Officer. “After a difficult third quarter, we posted strong results in our NYC Urban and Manhattan portfolio during the fourth quarter. Our NYC Urban and Manhattan portfolio outperformed the market’s RevPAR growth by approximately 620 and 520 basis points, respectively. Our performance clearly demonstrates the benefits of our young business transient focused portfolio that continues to capture a disproportionate share of corporate and leisure demand. Furthermore, with market-leading EBITDA margins of 41% across our entire portfolio, and 53% in Manhattan, we believe that our portfolio has an unparalleled ability to convert this strong market share and revenue growth into cash flow.”

Key Stats (on next page)…