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General information

Country: UNITED STATES

Sector: REIT — Hotel and Motel

Categories: @REITs   

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company`s 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company`s common shares are traded on The New York Stock Exchange under the ticker ?HT.
Website: hersha.com



Growth: Bad revenue growth rate -11.5%, there is slowdown compared to average historical growth rates 44.1%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +23.8%. On average the margin is improving unsteadily. Gross margin is high, +59.7%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.79 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 36.0% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 75.6% higher than minimum and 67.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 4.1x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: HT
Share price, USD:  (0.0%)9.99
year average price 9.99  


year start price 9.99 2025-02-07

max close price 9.99 2025-02-07

min close price 9.99 2025-02-07

current price 9.99 2026-02-06
Common stocks: 41 190 699

Dividend Yield:  0.0%
FCF Yield LTM: 36.0%
EV / LTM EBITDA: 8.3x
EV / EBITDA annualized: 4.5x
Last revenue growth (y/y):  -11.5%
Last growth of EBITDA (y/y):  -4.2%
Historical revenue growth:  +44.1%
Historical growth of EBITDA:  +56.3%
EV / Sales: 2.0x
Margin (EBITDA LTM / Revenue): 23.8%
Fundamental value created in LTM:
Market Cap ($m): 411
Net Debt ($m): 302
EV (Enterprise Value): 713
Price to Book: 0.6x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-06-03globenewswire.com

The Shah Family of Hersha Hotels and Resorts Honored with the Prestigious Stephen W. Brener Silver Plate Award

2023-10-03GlobeNewsWire

Hersha Hospitality Trust Announces Date of Special Meeting to Approve Acquisition by KSL Capital Partners

2023-08-28The Motley Fool

Why Hersha Hospitality Trust Stock Skyrocketed 56% Today

2023-08-28Market Watch

Hersha Hospitality stock soars after buyout deal at 59% premium with KSL Capital

2023-08-02Zacks Investment Research

Hersha Hospitality (HT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

2023-08-02Zacks Investment Research

Hersha Hospitality (HT) Misses Q2 FFO Estimates

2023-06-29Seeking Alpha

Give Yourself A Raise: Yield Arbitrage In The Hersha Hospitality Capital Stack

2023-06-20Seeking Alpha

Hersha Hospitality Trust: Undervalued But Financial Performance A Concern

2023-06-12Seeking Alpha

Hersha Hospitality Trust: Resilient Portfolio With A Promising Future

2023-06-12GlobeNewsWire

Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on August 2, 2023
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol HT HT HT HT HT HT HT HT HT
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-02 2023-04-27 2022-11-01
acceptedDate 2023-11-09 16:11:49 2023-08-02 16:46:09 2023-04-27 16:32:12 2023-02-23 17:26:22 2022-11-01 16:50:48 2022-02-23 18:10:18 2021-03-29 16:32:44 2020-02-25 16:55:34 2019-02-26 17:54:46
calendarYear 2023 2023 2023 2022
period Q3 Q2 Q1 FY Q3 FY FY FY FY
revenue 92M 98M 75M 406M 104M 296M 177M 530M 495M
costOfRevenue 37M 65M 59M 272M 11M 219M 185M 361M 338M
grossProfit 55M 33M 16M 134M 93M 77M -9M 169M 157M
grossProfitRatio 0.597 0.338 0.212 0.891
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 6M 6M 5M 26M 3M 23M 20M 26M 27M
sellingAndMarketingExpenses 0 0 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 6M 6M 5M 26M 3M 23M 20M 26M 27M
otherExpenses 40M 73 000 14M 65M 88M 83M 97M 97M -901 000
operatingExpenses 47M 20M 19M 91M 91M 106M 117M 123M 117M
costAndExpenses 84M 85M 78M 364M 102M 326M 303M 484M 455M
interestIncome 5M 5M 2M 2M 101 000 15 000 39 000 253 000 114 000
interestExpense 12M 12M 9M 48M 11M 58M 53M 52M 48M
depreciationAndAmortization 14M 15M 14M 65M 167M 83M 90M 97M 90M
ebitda 6M 32M 13M 284M 169M 51M -35M 143M 130M
ebitdaratio 0.065 0.332 0.177 1.619
operatingIncome 8M 13M -364 000 49M 2M -32M -122M 46M 53M
operatingIncomeRatio 0.091 0.135 -0.005 0.02
totalOtherIncomeExpensesNet -8M -5M -9M 122M 139M -14M 79M -49M -44M
incomeBeforeTax 677 000 8M -9M 171M 141M -44M -178M -6M 9M
incomeBeforeTaxRatio 0.007 0.08 -0.126 1.354
incomeTaxExpense -275 000 65 000 34 000 5M 5M 838 000 11M 92 000 267 000
netIncome 952 000 8M -10M 147M 122M -45M -189M -6M 10M
netIncomeRatio 0.01 0.079 -0.126 1.166
eps 0.024 0.04 -0.24 4.22 3.45 -1.15 -4.9 -0.15 0.25
epsdiluted 0.024 0.04 -0.24 3.33
weightedAverageShsOut 40M 40M 40M 39M 39M 39M 39M 39M 39M
weightedAverageShsOutDil 40M 41M 40M 39M 41M 39M 39M 39M 39M
link Link Link Link Link
finalLink Link Link Link Link
filingDate 2023-02-23 2022-02-24 2021-03-29 2020-02-25 2019-02-27
fiscalYear 2022 2021 2020 2019 2018
netInterestIncome -47M -58M -53M -52M -48M
ebit 219M 16M -125M 46M 56M
nonOperatingIncomeExcludingInterest -170M -45M 2M -80 000 -3M
netIncomeFromContinuingOperations 147M -45M -189M -6M 10M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 0 0 0 0 0
bottomLineNetIncome 147M -45M -189M -6M 10M
epsDiluted 4.03 -1.15 -4.9 -0.15 0.25

Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol HT HT HT HT HT HT HT HT HT
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-02 2023-04-27 2022-11-01
acceptedDate 2023-11-09 16:11:49 2023-08-02 16:46:09 2023-04-27 16:32:12 2023-02-23 17:26:22 2022-11-01 16:50:48 2022-02-23 18:10:18 2021-03-29 16:32:44 2020-02-25 16:55:34 2019-02-26 17:54:46
calendarYear 2023 2023 2023 2022
period Q3 Q2 Q1 FY Q3 FY FY FY FY
cashAndCashEquivalents 146M 142M 194M 225M 94M 72M 17M 27M 33M
shortTermInvestments 0 0 1 187M 0 1 197M 0 0 0 0
cashAndShortTermInvestments 146M 142M 194M 225M 1 291M 72M 17M 27M 33M
netReceivables 8M 7M 5M 9M 7M 11M 8M 15M 14M
inventory 0 -17M 0 -19M 0 -92 000 -11M -3M -11M
otherCurrentAssets 0 33M 0 35M 0 30M 114M 34M 19M
totalCurrentAssets 171M 166M 203M 239M 1 298M 96M 128M 52M 54M
propertyPlantEquipmentNet 17M 17M 16M 16M 16M 43M 44M 45M 2 016M
goodwill 0 0 0 0 0 0 0 0 0
intangibleAssets 598 000 624 000 654 000 684 000 814 000 1M 2M 2M 14M
goodwillAndIntangibleAssets 598 000 624 000 654 000 684 000 814 000 1M 2M 2M 14M
longTermInvestments 6M 6M 5M 5M 6M 6M 7M 8M 4M
taxAssets 1 192M 1 201M 0 0 0 1 665M 1 785M 11M 11M
otherNonCurrentAssets 3M 4M 1 221M 1 228M -6M 22M 15M 2 003M 40M
totalNonCurrentAssets 1 217M 1 228M 1 242M 1 250M 17M 1 737M 1 853M 2 070M 2 084M
otherAssets 0 0 0 0 259M 0 0 0 0
totalAssets 1 388M 1 394M 1 445M 1 489M 1 498M 1 833M 1 981M 2 122M 2 139M
accountPayables 40M 36M 41M 44M 47M 43M 58M 48M 71M
shortTermDebt 0 0 0 0 0 119M 133M 48M 10M
taxPayables 0 0 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0 -135M 0 0
otherCurrentLiabilities 10M 11M 11M 34M 0 8M 135M 17M 17M
totalCurrentLiabilities 49M 47M 52M 78M 47M 170M 192M 113M 98M
longTermDebt 602M 602M 649M 649M 676M 1 053M 1 117M 1 135M 1 083M
deferredRevenueNonCurrent 0 0 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0 0 0
otherNonCurrentLiabilities 0 0 0 0 728M 0 0 0 0
totalNonCurrentLiabilities 602M 602M 649M 649M 774M 1 053M 1 117M 1 135M 1 083M
otherLiabilities 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 0 0 19M 0 19M 0 0 0 0
totalLiabilities 651M 649M 701M 727M 821M 1 223M 1 309M 1 247M 1 181M
preferredStock 147 000 147 000 147 000 147 000 147 000 147 000 147 000 147 000 147 000
commonStock 401 000 401 000 399 000 398 000 397 000 394 000 389 000 387 000 395 000
retainedEarnings -515M -508M -506M -491M -467M -595M -509M -339M -268M
accumulatedOtherComprehensiveIncomeLoss 11M 13M 13M 16M 17M -3M -19M 1M 4M
othertotalStockholdersEquity 1 162M 1 161M 1 157M 1 127M
totalStockholdersEquity 658M 667M 664M 683M 677M 557M 623M 808M 893M
totalEquity 737M 745M 744M 762M 677M 611M 672M 875M 958M
totalLiabilitiesAndStockholdersEquity 1 388M 1 394M 1 445M 1 498M
minorityInterest 79M 79M 80M 79M 0 53M 49M 67M 65M
totalLiabilitiesAndTotalEquity 1 388M 1 394M 1 445M 1 489M 1 498M 1 833M 1 981M 2 122M 2 139M
totalInvestments 6M 6M 1 187M 5M 1 203M 6M 7M 8M 4M
totalDebt 602M 602M 649M 649M 676M 1 172M 1 250M 1 183M 1 093M
netDebt 456M 459M 455M 424M 582M 1 099M 1 234M 1 156M 1 060M
link Link Link Link Link
finalLink Link Link Link Link
filingDate 2023-02-23 2022-02-24 2021-03-29 2020-02-25 2019-02-27
fiscalYear 2022 2021 2020 2019 2018
accountsReceivables 0 0 0 0 0
otherReceivables 9M 11M 8M 15M 14M
prepaids -11M -17M 0 -22M 0
totalPayables 44M 43M 58M 48M 71M
otherPayables 0 0 0 0 0
accruedExpenses 0 0 0 0 0
capitalLeaseObligationsCurrent 0 0 0 0 0
capitalLeaseObligationsNonCurrent 0 0 0 0 0
treasuryStock 0 0 0 0 0
additionalPaidInCapital 0 0 0 0 0
otherTotalStockholdersEquity 1 157M 1 155M 1 151M 1 145M 1 156M

Cash Flow Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol HT HT HT HT HT HT HT HT HT
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-02 2023-04-27 2022-11-01
acceptedDate 2023-11-09 16:11:49 2023-08-02 16:46:09 2023-04-27 16:32:12 2023-02-23 17:26:22 2022-11-01 16:50:48 2022-02-23 18:10:18 2021-03-29 16:32:44 2020-02-25 16:55:34 2019-02-26 17:54:46
calendarYear 2023 2023 2023 2022
period Q3 Q2 Q1 FY Q3 FY FY FY FY
netIncome 952 000 6M -10M 166M 115M -45M -189M -6M 8M
depreciationAndAmortization 14M 15M 14M 69M 16M 88M 100M 98M 92M
deferredIncomeTax 693 000 26M 0 0 5M -45M 11M -312 000 -144 000
stockBasedCompensation 2M 3M 2M 14M 3M 12M 9M 11M 11M
changeInWorkingCapital 3M -7M 3M 4M -140M 67 000 4M -987 000 11M
accountsReceivables 90 000 -1M 4M -431 000 1M -3M 4M 1M 2M
inventory 0 0 0 0 0 0 0 0 32M
accountsPayables 5M -5M -1M 11M 8M 8M -11M 2M 11M
otherWorkingCapital -2M -637 000 -161 000 -6M -149M -5M 11M -4M -33M
otherNonCashItems -652 000 -26M 359 000 -179M 25M 6M 7M 1M -8M
netCashProvidedByOperatingActivities 21M 17M 10M 76M 25M 16M -57M 103M 115M
investmentsInPropertyPlantAndEquipment -9M -11M -10M -24M -6M -11M -26M -49M -66M
acquisitionsNet 0 0 0 6M 0 -1M -1M -6M -1 000 000
purchasesOfInvestments 0 0 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0 0 0 0
otherInvestingActivites 500 000 0 0 383M
netCashUsedForInvestingActivites -8M -11M -10M 377M
debtRepayment 0 0 -311 000 -775M
commonStockIssued 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0 0 -14M -11M
dividendsPaid -8M -8M -28M -6M
otherFinancingActivites -310 000 -48M -4M 386M
netCashUsedProvidedByFinancingActivities -9M -57M -32M -395M
effectOfForexChangesOnCash -3M 77M 0 0 0 0 0 0 0
netChangeInCash 4M -51M -32M 145M 7M 61M -13M -4M 15M
cashAtEndOfPeriod 151M 147M 198M 230M 107M 85M 24M 37M 41M
cashAtBeginningOfPeriod 147M 198M 230M 85M 101M 24M 37M 41M 26M
operatingCashFlow 21M 17M 10M 76M 25M 16M -57M 103M 115M
capitalExpenditure -9M -11M -10M -24M -6M -11M -26M -49M -66M
freeCashFlow 12M 6M 44 000 52M 19M 5M -84M 54M 49M
link Link Link Link Link
finalLink Link Link Link Link
filingDate 2023-02-23 2022-02-24 2021-03-29 2020-02-25 2019-02-27
fiscalYear 2022 2021 2020 2019 2018
otherInvestingActivities 528M 164M 26M 1M 49M
netCashProvidedByInvestingActivities 510M 151M -2M -54M -18M
netDebtIssuance 0 0 0 0 0
longTermNetDebtIssuance 0 0 0 0 0
shortTermNetDebtIssuance 0 0 0 0 0
netStockIssuance 0 0 0 0 0
netCommonStockIssuance 0 0 0 0 0
commonStockIssuance 0 0 0 94M 28M
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid -26M -42M -17M -68M -68M
commonDividendsPaid -26M -42M -17M -68M -68M
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities -415M -64M 62M 15M -13M
netCashProvidedByFinancingActivities -441M -106M 46M -53M -82M
incomeTaxesPaid 0 0 0 0 0
interestPaid 0 0 0 0 0

Earning call transcript

2023 q2
2023-08-03 ET (fiscal 2023 q2)
2023 q1
2023-04-27 ET (fiscal 2023 q1)
2022 q4
2023-02-16 ET (fiscal 2022 q4)
2022 q3
2022-10-27 ET (fiscal 2022 q3)
2022 q2
2022-08-07 ET (fiscal 2022 q2)
2022 q1
2022-04-28 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2023-11-09 16:11 ET
Hersha Hospitality Trust published news for 2023 q3
SEC form 10
2023-11-09 00:00 ET
Hersha Hospitality Trust reported for 2023 q3
SEC form 10
2023-08-02 16:46 ET
Hersha Hospitality Trust reported for 2023 q2
SEC form 6
2023-08-02 16:27 ET
Hersha Hospitality Trust published news for 2023 q2
SEC form 8
2023-08-02 00:00 ET
Hersha Hospitality Trust published news for 2023 q2
SEC form 10
2023-08-02 00:00 ET
Hersha Hospitality Trust published news for 2023 q2
SEC form 10
2023-04-27 00:00 ET
Hersha Hospitality Trust reported for 2023 q1
SEC form 8
2023-04-26 00:00 ET
Hersha Hospitality Trust reported for 2023 q1
SEC form 10
2023-02-23 17:26 ET
Hersha Hospitality Trust reported for 2022 q4
SEC form 10
2023-02-23 00:00 ET
Hersha Hospitality Trust published news for 2022 q4
SEC form 6
2023-02-15 16:34 ET
Hersha Hospitality Trust reported for 2022 q4
SEC form 8
2023-02-15 00:00 ET
Hersha Hospitality Trust reported for 2022 q4
SEC form 6
2023-01-03 18:15 ET
Hersha Hospitality Trust published news for 2022 q4
SEC form 10
2022-11-01 16:50 ET
Hersha Hospitality Trust reported for 2022 q3
SEC form 10
2022-11-01 00:00 ET
Hersha Hospitality Trust reported for 2022 q3
SEC form 6
2022-10-26 16:31 ET
Hersha Hospitality Trust published news for 2022 q3
SEC form 8
2022-10-26 00:00 ET
Hersha Hospitality Trust reported for 2022 q3
SEC form 6
2022-09-22 06:49 ET
Hersha Hospitality Trust published news for 2022 q2
SEC form 6
2022-08-10 16:32 ET
Hersha Hospitality Trust published news for 2022 q2
SEC form 10
2022-08-09 16:38 ET
Hersha Hospitality Trust reported for 2022 q2
SEC form 10
2022-08-09 00:00 ET
Hersha Hospitality Trust reported for 2022 q2
SEC form 6
2022-08-08 06:14 ET
Hersha Hospitality Trust published news for 2022 q2
SEC form 6
2022-08-03 16:33 ET
Hersha Hospitality Trust published news for 2022 q2
SEC form 8
2022-08-03 00:00 ET
Hersha Hospitality Trust reported for 2022 q2
SEC form 6
2022-05-27 16:52 ET
Hersha Hospitality Trust published news for 2022 q1
SEC form 10
2022-04-28 17:08 ET
Hersha Hospitality Trust reported for 2022 q1
SEC form 8
2022-04-28 00:00 ET
Hersha Hospitality Trust reported for 2022 q1
SEC form 10
2022-04-28 00:00 ET
Hersha Hospitality Trust reported for 2022 q1
SEC form 6
2022-04-27 18:14 ET
Hersha Hospitality Trust published news for 2022 q1
SEC form 6
2022-04-14 16:31 ET
Hersha Hospitality Trust published news for 2022 q1
SEC form 10
2022-02-24 00:00 ET
Hersha Hospitality Trust published news for 2021 q4
SEC form 10
2022-02-23 18:10 ET
Hersha Hospitality Trust published news for 2021 q4
SEC form 6
2022-02-16 16:31 ET
Hersha Hospitality Trust reported for 2021 q4
SEC form 8
2022-02-16 00:00 ET
Hersha Hospitality Trust published news for 2021 q4
SEC form 8
2022-01-20 00:00 ET
Hersha Hospitality Trust published news for 2021 q4
SEC form 6
2022-01-19 19:45 ET
Hersha Hospitality Trust published news for 2021 q4
SEC form 10
2021-10-27 17:06 ET
Hersha Hospitality Trust published news for 2021 q3
SEC form 10
2021-10-27 00:00 ET
Hersha Hospitality Trust published news for 2021 q3
SEC form 6
2021-10-26 16:32 ET
Hersha Hospitality Trust published news for 2021 q3
SEC form 8
2021-10-26 00:00 ET
Hersha Hospitality Trust published news for 2021 q3
SEC form 10
2021-07-28 16:39 ET
Hersha Hospitality Trust published news for 2021 q2
SEC form 8
2021-07-28 00:00 ET
Hersha Hospitality Trust published news for 2021 q2
SEC form 10
2021-07-28 00:00 ET
Hersha Hospitality Trust published news for 2021 q2
SEC form 6
2021-07-27 17:46 ET
Hersha Hospitality Trust reported for 2021 q2
SEC form 6
2021-06-01 16:36 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 10
2021-04-29 16:37 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 10
2021-04-29 00:00 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 6
2021-04-28 16:35 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 8
2021-04-28 00:00 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 6
2021-04-16 08:32 ET
Hersha Hospitality Trust published news for 2021 q1
SEC form 10
2021-03-29 16:32 ET
Hersha Hospitality Trust published news for 2020 q4
SEC form 6
2021-03-16 16:14 ET
Hersha Hospitality Trust published news for 2020 q4
SEC form 6
2021-03-01 16:41 ET
Hersha Hospitality Trust published news for 2020 q4
SEC form 6
2021-02-23 17:12 ET
Hersha Hospitality Trust reported for 2020 q4
SEC form 6
2021-02-22 16:11 ET
Hersha Hospitality Trust published news for 2020 q4
SEC form 10
2020-11-09 16:58 ET
Hersha Hospitality Trust published news for 2020 q3
SEC form 6
2020-11-09 16:26 ET
Hersha Hospitality Trust published news for 2020 q3