Hospitality Properties Trust Announces Quarterly Dividend on Common Shares
July 18 2019 - 8:00AM
Business Wire
Hospitality Properties Trust (Nasdaq: HPT) today announced a
regular quarterly cash distribution on its common shares of $0.54
per common share ($2.16 per share per year). This distribution will
be paid to HPT’s common shareholders of record as of the close of
business on July 29, 2019 and distributed on or about August 15,
2019.
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, Washington, DC, 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 $0.54/share per quarter or
$2.16/share per year. A possible implication of this statement is
that HPT will continuously pay quarterly dividends of $0.54/share
per quarter or $2.16/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, cash available for distribution,
the then current and expected needs and availability of cash to pay
HPT’s obligations and fund HPT’s investments, 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: https://www.businesswire.com/news/home/20190718005065/en/
Katie Strohacker, Senior Director, Investor Relations (617)
796-8232 www.hptreit.com
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