Hersha Hospitality Trust Announces Quarterly Dividend
18 Mai 2023 - 10:15PM
Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”),
owner of luxury and lifestyle hotels in coastal gateway and resort
markets, today announced its Board of Trustees has approved a cash
dividend of $0.05 per common share and per limited partnership unit
for the second quarter ending June 30, 2023. These common share
dividends and limited partnership unit distributions are payable
July 17, 2023 to holders of record as of June 30, 2023.
The Board of Trustees also declared a cash
dividend of $0.4297 per Series C Preferred Share, $0.40625 per
Series D Preferred Share, and $0.40625 per Series E Preferred Share
for the second quarter ending June 30, 2023. The preferred share
dividends are payable July 17, 2023 to holders of record as of July
1, 2023.
Hersha Hospitality Trust (HT)
is a self-advised real estate investment trust in the
hospitality sector, which owns and operates luxury and lifestyle
hotels in coastal gateway and resort markets. The Company’s 25
hotels totaling 3,811 rooms are located in New York, Washington,
DC, Boston, Philadelphia, South Florida, and California. The
Company's common shares are traded on The New York Stock Exchange
under the ticker “HT.” For more information on the
Company, and the Company’s hotel portfolio, please visit the
Company's website at www.hersha.com
Forward-Looking StatementThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
and, as such, may involve known and unknown risks, uncertainties
and other factors that may cause the actual results or performance
to differ from those reflected in the forward-looking statement.
Forward-looking statements are generally identifiable by use of
forward-looking terminology such as “believe,” “could,” “outlook,”
“consider,” “expect,” “anticipate,” “forecast,” “project,”
“likely,” “estimate,” “plan,” “continue,” “intend,” “should,” “may”
and words of similar import. Because these forward-looking
statements relate to future events, the Company’s plans,
strategies, prospects and future financial performance, and involve
known and unknown risks that are difficult to predict and may be
outside the Company’s control, they are not guarantees of future
results and are subject to risks, uncertainties and assumptions
that could cause actual results to differ materially from those
expressed in any forward-looking statement. Therefore, you should
not rely on any of these forward-looking statements. For a
description of factors that may cause the Company’s actual results
or performance to differ from its forward-looking statements,
please review the information under the heading “Risk Factors”
included in the Company’s most recent Annual Report on Form 10-K
and subsequent Quarterly Reports on Form 10-Q filed by the Company
with the Securities and Exchange Commission (“SEC”) and other
documents filed by the Company with the SEC from time to time. All
information provided in this press release, unless otherwise
stated, is as of May 18, 2023, and the Company undertakes no duty
to update this information unless required by law.
Contact: |
Ashish Parikh,
Chief Financial Officer |
|
Andrew Tamaccio, Director of Finance & Investor
Relations |
|
Phone: (215) 238-1281 |
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