April 24, 2018 / 9:19 PM / 4 months ago

BRIEF-Hersha Hospitality Trust Reports Q1 Adj FFO Per Share Of $0.06

April 24 (Reuters) - Hersha Hospitality Trust:

* Q1 ADJUSTED FFO PER SHARE $0.06

* AFFO PER DILUTED COMMON SHARE AND OP UNIT IN Q1 2018 WAS $0.06

* REVENUE PER AVAILABLE ROOM AT COMPANY’S 37 COMPARABLE HOTELS INCREASED 0.2% TO $154.94 IN Q1 2018

* EXCLUDING ITEMS, COMPARABLE REVPAR GREW 11.5% TO $173.82 DURING Q1

* FOR Q2 2018 SEES ADJUSTED FFO PER SHARE $0.70 -$0.74

* SEES 2018 ADJUSTED FFO PER SHARE $1.96 TO $2.14

* SEES 2018 COMPARABLE PROPERTY REVPAR GROWTH UP 1.5 PERCENT

* Q1 FFO PER SHARE VIEW $-0.02 — THOMSON REUTERS I/B/E/S

* SEES Q2 NET INCOME PER SHARE FROM LOSS OF $0.02 TO PROFIT OF $0.02

* SEES 2018 NET INCOME PER SHARE FROM LOSS OF $0.56 TO LOSS OF $0.36 Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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