- Hersha Hospitality press release ( NYSE: HT ): Q3 FFO of $0.33 misses by $0.03 .
- Revenue of $104.25M (+22.3% Y/Y) beats by $3.26M .
- The comparable portfolio generated $30.89M in EBITDA for the quarter, an increase of over 8% from 2019.
- "For the first time, our comparable RevPAR growth of 3.7% in September surpassed the comparable month of 2019. We are seeing this trend accelerate into October, which is on pace to record RevPAR growth of approximately 8% as compared to 2019," company statement.
- Outlook: For Q4 2022, adjusted FFO is expected between $0.32 - $0.39 vs. consensus of $0.30 ; Adjusted EBITDA between $28.4-$31.4M; Comparable Property Absolute RevPAR between $217-$227.
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Hersha Hospitality FFO of $0.33 misses by $0.03, revenue of $104.25M beats by $3.26M