Hospitality Properties Trust Announces Quarterly Dividend on Common Shares
October 12 2017 - 4:15PM
Business Wire
Hospitality Properties Trust (Nasdaq: HPT) today announced a
regular quarterly cash distribution on its common shares of $0.52
per common share ($2.08 per share per year). This distribution will
be paid to HPT’s common shareholders of record as of the close of
business on October 23, 2017 and distributed on or about November
16, 2017.
Hospitality Properties Trust is a real estate investment trust,
or REIT, which owns a diverse portfolio of hotels and travel
centers located in 45 states, Puerto Rico and Canada. HPT's
properties are operated under long term management or lease
agreements. HPT is managed by the operating subsidiary of The RMR
Group Inc. (Nasdaq: RMR), an alternative asset management company
that is headquartered in Newton, Massachusetts.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON HPT’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF
WHICH ARE BEYOND HPT’S CONTROL. FOR EXAMPLE, THIS PRESS RELEASE
STATES THAT HPT’S DIVIDEND RATE WILL BE $0.52/SHARE PER QUARTER OR
$2.08/SHARE PER YEAR. A POSSIBLE IMPLICATION OF THIS STATEMENT IS
THAT HPT WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.52/SHARE
PER QUARTER OR $2.08/SHARE PER YEAR IN THE FUTURE. HPT’S DIVIDEND
RATES ARE SET AND RESET FROM TIME TO TIME BY HPT’S BOARD OF
TRUSTEES. THE HPT BOARD CONSIDERS MANY FACTORS WHEN SETTING
DIVIDEND RATES INCLUDING HPT’S HISTORICAL AND PROJECTED INCOME,
NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED
NEEDS AND AVAILABILITY OF CASH TO PAY HPT’S OBLIGATIONS,
DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID TO MAINTAIN HPT’S
TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS
DEEMED RELEVANT BY HPT’S BOARD OF TRUSTEES IN ITS DISCRETION.
ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED
AND THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS
WILL BE PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: http://www.businesswire.com/news/home/20171012006378/en/
Hospitality Properties TrustKatie Strohacker, 617-796-8232Senior
Director, Investor Relationswww.hptreit.com
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