November 6, 2018
Third Quarter Net Income Available for Common Shareholders of $0.71 Per Share Third Quarter Normalized FFO Available for Common Shareholders of $1.06 Per Share Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and nine months ended September 30, 2018: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 117,099 $ 85,728 $ 294,594 $ 172,270 Net income available for common shareholders per share $ 0.71 $ 0.52 $ 1.79 $ 1.05 Adjusted EBITDA (1) $ 225,676 $ 223,469 $ 655,530 $ 638,342 Normalized FFO available for common shareholders (1) $ 174,653 $ 175,458 $ 505,714 $ 497,869 Normalized FFO available for common shareholders per share (1) $ 1.06 $ 1.07 $ 3.08 $ 3.03 Portfolio Performance Comparable hotel RevPAR $ 101.75 $ 102.28 $ 99.08 $ 98.07 Change in comparable hotel RevPAR (0.5 %) — 1.0...
October 25, 2018
Hospitality Properties Trust (Nasdaq: HPT) today announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective January 1, 2019. Mr. Donley has been HPT’s controller since 2007 and he has served in various finance and accounting leadership roles at The RMR Group (Nasdaq: RMR) since 1997. He has more than two decades of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. Mr. Donley is also a certified public accountant. Mr. Donley succeeds Mark L. Kleifges who is retiring and therefore resigning from his positions with both HPT and RMR effective December 31, 2018. Mr. Kleifges has been with both HPT and RMR since 2002. To ensure a smooth transition, Mr. Kleifges will remain a non-executive employee of RMR until his retirement on June 30, 2019. Adam Portnoy, Managing Trustee of HPT and Managing Director, President and Chief Executive Officer...
October 18, 2018
Hospitality Properties Trust (Nasdaq: HPT) today announced a regular quarterly cash distribution on its common shares of $0.53 per common share ($2.12 per share per year). This distribution will be paid to HPT’s common shareholders of record as of the close of business on October 29, 2018 and distributed on or about November 15, 2018. Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts. WARNING REGARDING FORWARD LOOKING STATEMENTS THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS...