SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Commercial Real Estate tic.............tic,,,
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Smiling Bob11/7/2011 8:48:33 AM
   of 442
 
Hospitality Properties profit down 5.4%
By Mia Lamar

Hospitality Properties Trust's (NYSE:HPT) third-quarter earnings slipped 5.4% as the real-estate investment trust suffered under a double-digit jump in operating expenses that masked better-than-expected revenue.

Hospitality Properties Trust, which owns hotels and travel centers, has steadily posted higher revenue per available room, a closely watched industry metric. For the third quarter, the REIT reported a 7.7% increase in revenue per available room.

Yet at the same time, total expenses in the latest period rose 21% to $237.1 million, including a 31% jump in hotel operating expenses.

Hospitality Properties reported a profit of $47.5 million, down from $50.2 million a year earlier. Earnings per share, which reflects payment of preferred dividends, fell to 32 cents from 35 cents. Funds from operations, a key profitability measurement for REITs, was down at 79 cents a share from 82 cents a year earlier.

Revenue jumped 13% to $318.7 million. Analysts surveyed by Thomson Reuters expected funds from operations of 81 cents a share on revenue of $294.8 million.

Occupancy rose to 77% from 74.4%. Average daily rate improved 4.1% to $93.24.

Shares closed at $24.22 Friday and were inactive premarket. The stock is up 5.1% since the start of the year.





Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News