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Post Earnings Coverage as Hospitality Properties Trust's Quarterly Revenue Grew 3%
Upcoming AWS Coverage on EPR Properties Post-Earnings Results LONDON, UK / ACCESSWIRE...
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[{"type":"text","content":"Post Earnings Coverage as Hospitality Properties Trust's Quarterly Revenue Grew 3%Upcoming AWS Coverage on EPR Properties Post-Earnings Results\nLONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on New York headquartered Hospitality Properties Trust (NASDAQ: HPT) (\"HPT\"). The Company reported its first quarter fiscal 2017 financial results on May 10, 2017. The real estate investment trust that primarily invests in hotel and travel centers outperformed earnings expectations. Register with us now for your free membership at: http://www.activewallst.com/register/. \n\nOne of Hospitality Properties Trust's competitors within the REIT - Retail space, EPR Properties (NYSE: EPR), reported on May 02, 2017, its operating results for Q1 ended March 31, 2017. AWS will be initiating a research report on EPR Properties in the coming days.\n\nToday, AWS is promoting its earnings coverage on HPT; touching on EPR. Get our free coverage by signing up to: \nhttp://www.activewallst.com/register/.\n\nEarnings Reviewed\nHPT disclosed total revenue of $ 488.60 million for Q1 2017 compared to revenue of $ 474.12 million in Q1 2016. The Company's revenue numbers lagged behind analysts' consensus of $495.70 million.\n\nFor Q1 2017, HPT's 302 hotels that were owned continuously since January 01, 2016, average daily rate (ADR) increased 0.9% to $125.03; occupancy increased 0.1% to 71.5%; and revenue per available room (RevPAR) increased 1.0% to $89.40 compared to the year ago same period. For Q1 2017, HPT's adjusted EBITDA increased 3.7% on a y-o-y basis to $194.6 million.\n\nHPT's net income available for common shareholders for the quarter ended March 31, 2017, was $25.8 million, or $0.16 per diluted share, compared to net income available for common shareholders of $46.9 million, or $0.31 per diluted share, for Q1 2016. On an adjusted basis, HPT reported $ 148.81 million, or $091 per share. The Company's earnings surpassed Wall Street's expectations of $0.28 per share.\n\nHPT's normalized FFO available for common shareholders for Q1 2017 was $148.8 million, or $0.91 per diluted share, compared to normalized FFO available for common shareholders of $140.2 million, or $0.93 per diluted share, for Q1 2016.\n\nProperty Acquisition Activities\n\nIn February 2017, HPT acquired the 483 room Hotel Allegro in Chicag...