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Hersha Hospitality: 4Q Earnings Snapshot

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HARRISBURG, Pa. (AP) _ Hersha Hospitality Trust (HT) on Tuesday reported a loss in funds from operations in its fourth quarter, after reporting a profit in the same period a year earlier. The results topped Wall Street expectations.

The Harrisburg, Pennsylvania-based real estate investment trust said it had a funds from operations loss of $10.1 million, or 23 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for a funds from operations loss of 39 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $44.8 million, or $1.16 per share.

The hotel real estate investment trust posted revenue of $35.3 million in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $44.2 million.

For the year, the company reported funds from operations losses of $57.7 million, or $1.31 per share, swinging to a loss in the period. Revenue was reported as $176.7 million.

The company's shares have climbed 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.15, a fall of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HT at https://www.zacks.com/ap/HT