Real Estate News

Hersha Hospitality Trust Announces First Quarter 2023 Results

- First Quarter 2023 Net Loss of $(0.38) Per Share -

- First Quarter 2023 Adjusted Funds from Operations1 of $0.02 Per Share -

- Comparable Excluding Renovations Portfolio Growth to the First Quarter 2019 -

- ADR Growth of 20.9% -

- EBITDA Growth of 18.9% -

- EBITDA Margin Growth of 196 bps -

PHILADELPHIA, April 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March31, 2023.

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