HERSHA HOSPITALITY TRUST HT Income Statement

Hersha hospitality trust (HT)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenue:
Hotel Operating Revenues:
Hotel Operating Revenues
-	-	-	-	-	417,226	338,064	299,005	229,156	236,191	177,668
Interest Income from Development Loans
-	-	-	-	-	-	158	1,998	3,427	4,686	7,411
Other Revenues
292	1,385	1,097	259	113	180	191	212	330	325	1,427
Total Revenues
529,960	495,063	498,237	466,629	470,385	417,406	338,413	301,215	232,913	241,202	186,506
Operating Expenses:
Hotel Operating Expenses:
Hotel Operating Expenses
-	-	-	-	-	227,324	188,431	161,982	121,402	129,978	101,310
Insurance Recoveries
-	-	-	-	-	4,604	403	-	-	-	-
Hotel Ground Rent
4,581	4,228	3,460	3,600	3,137	2,433	985	835	877	941	733
Real Estate and Personal Property Taxes and Property Insurance
38,601	35,194	32,300	32,157	34,518	30,342	24,083	19,341	15,936	16,924	12,291
General and Administrative (including Share Based Payments of $2,456 and $1,958 for the three months ended March 31, 2020 and 2019, respectively)
26,431	26,881	23,553	24,444	20,515	20,363	23,869	23,377	18,488	16,862	5,921
Stock Based Compensation
-	-	-	-	-	-	-	-	-	-	2,143
Acquisition and Terminated Transaction Costs
0	29	2,203	2,560	1,119	2,472	974	1,179	2,734	4,802	352
Loss on Impairment of Assets
0	0	4,082	0	-	-	-	-	-	-	-
Loss from Impairment of Assets
-	-	-	-	-	-	-	-	-	-	33,255
Depreciation and Amortization
96,529	89,831	83,752	75,390	74,390	69,167	55,784	48,243	40,562	43,946	35,942
(Gains from) Property Losses in Excess of Insurance Recoveries
-12	12,649	-4,268	0	-	-	-	-	-	-	-
Contingent Consideration Related to Acquisition of Hotel Property
-	-	-	-	-	2,000	-	-	-	-	-
Total Operating Expenses
483,590	442,363	448,668	401,107	387,992	349,497	293,723	254,957	199,999	213,453	191,947
Operating Loss
46,370	52,700	49,569	65,522	82,393	67,909	44,690	46,258	32,914	27,749	-5,441
Interest Income
253	114	271	362	193	805	1,784	1,311	456	168	207
Interest Expense
52,205	48,491	42,662	44,352	43,557	43,357	40,935	38,070	33,447	39,622	40,441
Other (Expense) Income
-584	-901	-771	-961	-367	-485	-102	-43	-1,011	-463	-164
Gain (Loss) on Disposition of Assets
0	4,148	90,350	115,839	-	7,195	-	-	-	-	-
Gain on Hotel Acquisitions, net
-	-	-	-	-	-12,667	-12,096	-	-	-	-
Development Loan Recovery
-	-	-	-	-	22,494	-	-	-	-	-
Lease Buyout
0	0	268	-16,831	-	-	-	-	-	-	-
Loss on Debt Extinguishment
-280	-22	-590	-1,187	-561	-670	-545	-3,189	-102	-878	0
Loss Before Results from Unconsolidated Joint Venture Investments and Income Taxes
-6,446	7,548	96,435	118,392	38,101	66,558	16,988	6,267	-1,190	-13,046	-45,839
(Loss) Income from Unconsolidated Joint Ventures
691	1,084	-2,473	-1,823	965	-	-22	-232	210	-1,751	-2,649
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net
0	0	16,240	0	-	-	-	-1,892	2,757	4,008	0
Impairment of Investment in Unconsolidated Joint Venture
-	-	-	-	-	-	1,813	-	1,677	0	4,541
Income from Unconsolidated Joint Venture Investments
691	1,084	13,767	-1,823	965	693	-1,835	-2,124	1,290	2,257	-7,190
Loss Before Income Taxes
-5,755	8,632	110,202	116,569	39,066	67,251	15,153	4,143	100	-10,789	-
Income Tax Benefit
92	267	5,262	-4,888	-3,141	-2,685	-5,600	-3,355	-	0	-
Income from Continuing Operations
-	-	-	-	-	69,936	20,753	7,498	100	-10,789	-53,029
Loss on Disposition of Discontinued Assets
-	-	-	-	-	-128	32,121	11,231	991	347	1,869
Impairment of Discontinued Assets
-	-	-	-	-	1,800	10,314	-	30,248	2,433	5,856
Income from Discontinued Operations, Net of Income Taxes
-	-	-	-	-	263	7,388	3,489	2,189	-4,327	-1,442
Loss from Discontinued Operations
-	-	-	-	-	-1,665	29,195	14,720	-27,068	-6,413	-5,429
Net Loss
-5,847	8,365	104,940	121,457	42,207	68,271	49,948	22,218	-26,968	-17,202	-58,458
(Income) Loss Allocated to Noncontrolling Interests
-	-	-	-	411	1,016	335	-158	-1,734	-845	-8,597
Preferred Distributions
24,174	24,174	24,169	17,380	14,356	14,356	14,611	14,000	10,499	4,800	4,800
Extinguishment of Issuance Costs Upon Redemption of Preferred Shares
0	0	-	4,021	-	-	2,250	-	-	-	-
Net Loss Applicable to Common Shareholders
-27,843	-14,184	75,699	95,579	27,440	52,899	32,752	8,376	-35,733	-21,157	-54,661
Earnings Per Share:
BASIC
Loss from Continuing Operations Applicable to Common Shareholders (in dollars per share)
-0.74	-0.38	-	2.21	0.56	1.08	0.07	-0.03	-0.06	-0.11	-0.99
(Loss) Income from Discontinued Operations Applicable to Common Shareholders
-	-	-	-	-	-0.03	0.57	0.07	-0.15	-0.05	-0.09
Net Income Applicable to Common Shareholders
-	-	-	-	-	1.05	0.64	0.04	-0.21	-0.16	-1.08
DILUTED
Loss from Continuing Operations Applicable to Common Shareholders (in dollars per share)
-0.74	-0.38	-	2.18	0.56	1.07	0.07	-0.03	-0.06	-0.11	-0.99
(Loss) Income from Discontinued Operations Applicable to Common Shareholders
-	-	-	-	-	-0.03	0.56	0.07	-0.15	-0.05	-0.09
Net Income Applicable to Common Shareholders
-	-	-	-	-	1.04	0.63	0.04	-0.21	-0.16	-
Weighted Average Common Shares Outstanding:
Basic (in shares)
38,907	39,383	-	42,957	47,786	49,777	49,597	187,415	168,753	134,370	51,027
Diluted (in shares)
38,907	39,383	-	43,530	48,369	50,307	50,479	187,415	168,753	134,370	51,027
Room
Hotel Operating Revenues:
424,698	397,907	411,149	408,844	424,477	-	-	-	-	-	-
Hotel Operating Expenses
93,488	88,663	90,716	89,055	90,681	-	-	-	-	-	-
Food and Beverage
Food and Beverage [Member]
Hotel Operating Revenues
65,379	64,546	58,491	35,366	26,405	-	-	-	-	-	-
Hotel Operating Expenses
52,820	52,122	47,906	29,566	21,040	-	-	-	-	-	-
Other Operating
Hotel Operating Revenues:
39,591	31,225	27,500	22,160	19,390	-	-	-	-	-	-
Hotel Operating Expenses
171,128	158,064	156,428	144,335	142,592	-	-	-	-	-	-
Noncontrolling Interests Common Units And LTIP Units
Net Loss
-2,366	-916	5,072	4,914	-	-	-	-	-	-	-
(Income) Loss Allocated to Noncontrolling Interests
-2,366	-916	5,072	4,477	-	-	-	-	-	-	-
Consolidated Joint Ventures
Net Loss
-300	-3,417	-	-	-	-	-	-	-	-	-
(Income) Loss Allocated to Noncontrolling Interests
188	-709	0	0	-	-	-	-	-	-	-