Hersha hospitality trust announces second quarter 2023 results

- second quarter 2023 net income of $0.04 per share - - second quarter 2023 adjusted funds from operations1 of $0.38 per share - - comparable portfolio revpar growth of 3.6% to the second quarter 2022 – - urban revpar growth of 12.2% to the second quarter 2022 – - new york city and boston were the best performers in the second quarter 2023 - philadelphia, aug. 02, 2023 (globe newswire) -- hersha hospitality trust (nyse: ht) (“hersha,” “the company,” “we” or “our”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended june 30, 2023. second quarter 2023 financial results (unaudited in thousands, except per share amounts)   three months ended june 30,       2023     2022 net income applicable to common shareholders $ 1,721   $ 2,427 net income per common share $ 0.04   $ 0.06         adjusted ffo1 $ 18,087   $ 26,115 adjusted ffo per common share and op unit $ 0.38   $ 0.57             1 non-gaap financial measure.
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