Hersha Hospitality Trust Announces Quarterly Dividends
March 12 2018 - 8:00AM
Hersha Hospitality Trust (NYSE:HT) (“Hersha” or the “Company”),
owner of high quality hotels in urban gateway markets and coastal
destinations, today announced that its Board of Trustees 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 first quarter ending March 31, 2018. The preferred
share dividends are payable April 16, 2018 to holders of record as
of April 1, 2018.
The Board of Trustees also declared cash
dividends totaling $0.28 per common share and per limited
partnership unit for the first quarter ending March 31, 2018.
These common share dividends and limited partnership unit
distributions are payable April 13, 2018 to holders of record as of
Mach 29, 2018.
Hersha Hospitality Trust (HT)
is a self-advised real estate investment trust in the hospitality
sector, which owns and operates high quality upscale hotels in
urban gateway markets and coastal destinations. The Company's 49
hotels totaling 7,584 rooms are located in New York, Washington,
DC, Boston, Philadelphia, South Florida and select markets on the
West Coast. 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. For a description of these factors, please review
the information under the heading “Risk Factors” included in Hersha
Hospitality Trust’s filings with the U.S. Securities and Exchange
Commission Annual Report on Form 10-K for the year ended December
31, 2017 and subsequent reports filed by the Company with the
Securities and Exchange Commission from time to time.
Contact: Ashish Parikh, Chief Financial
Officer Greg
Costa, Manager of Investor Relations & Finance
Phone: (215) 238-1046
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