Hersha Hospitality Trust (HT) Financial Statements (2024 and earlier)

Company Profile

Business Address 44 HERSHA DRIVE
HARRISBURG, PA 17102
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments224,95572,23816,63727,01232,59817,945
Cash and cash equivalents224,95572,23816,63727,01232,59817,945
Total current assets:224,95572,23816,63727,01232,59817,945
Noncurrent Assets
Operating lease, right-of-use asset16,22643,44244,126 
Long-term investments and receivables2,6303,3285,6999,58815,5543,569
Long-term investments2,6303,3285,6999,58815,5543,569
Intangible assets, net (including goodwill)6841,3351,7392,13713,64416,388
Intangible assets, net (excluding goodwill)6841,3351,7392,13713,64416,388
Total noncurrent assets:19,54048,10551,56411,72529,19819,957
Other undisclosed assets1,244,3821,712,8011,912,7872,083,6912,076,8342,100,434
TOTAL ASSETS:1,488,8771,833,1441,980,9882,122,4282,138,6302,138,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      1,093,013
Total current liabilities:      1,093,013
Noncurrent Liabilities
Liabilities, other than long-term debt      81,284
Deferred revenue and credits81,284
Total noncurrent liabilities:      81,284
Other undisclosed liabilities727,3401,222,5381,308,7391,247,4311,181,10775,885
Total liabilities:727,3401,222,5381,308,7391,247,4311,181,1071,250,182
Temporary equity, carrying amount5,0762,310 3,1962,708 
Equity
Equity, attributable to parent, including:683,000557,374623,003807,657892,805833,868
Preferred stock147147147147147147
Additional paid in capital1,157,0571,155,0341,150,9851,144,8081,155,7761,164,946
Accumulated other comprehensive income (loss)16,213(2,747)(19,275)1,0104,2273,749
Other undisclosed equity, attributable to parent(490,417)(595,060)(508,854)(338,308)(267,345)(334,974)
Equity, attributable to noncontrolling interest73,46150,92249,24664,14462,01054,286
Total equity:756,461608,296672,249871,801954,815888,154
TOTAL LIABILITIES AND EQUITY:1,488,8771,833,1441,980,9882,122,4282,138,6302,138,336

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues405,874295,989176,660529,960495,063498,237
Revenue, net497,140
Cost of revenue(468,360)(267,028)(182,102)(360,630)(342,419)(425,428)
Cost of goods and services sold     (22,802)(318,695)
Gross profit:(62,486)28,961(5,442)169,330152,64472,809
Operating expenses95,531(58,553)(116,947)(122,960)(99,944)(23,240)
Other undisclosed operating loss      
Operating income (loss):33,045(29,592)(122,389)46,37052,70049,569
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
152128(522)(584)(901)(771)
Interest and debt expense(66,472)(60,618)(53,279)(52,485)(48,513)(43,252)
Other undisclosed income from continuing operations before equity method investments, income taxes199,02148,3671,1972534,26290,889
Income (loss) from continuing operations before equity method investments, income taxes:165,746(41,715)(174,993)(6,446)7,54896,435
Income (loss) from equity method investments5,114(2,292)(2,938)6911,084(2,473)
Other undisclosed income from continuing operations before income taxes     16,240
Income (loss) from continuing operations before income taxes:170,860(44,007)(177,931)(5,755)8,632110,202
Income tax expense (benefit)(4,800)(838)(11,329)(92)(267)(5,262)
Income (loss) from continuing operations:166,060(44,845)(189,260)(5,847)8,365104,940
Income (loss) before gain (loss) on sale of properties:(44,845)(189,260)(5,847)8,365104,940
Net income (loss):166,060(44,845)(189,260)(5,847)8,365104,940
Net loss attributable to noncontrolling interest(19,338)    (5,072)
Net income (loss) attributable to parent:146,722(44,845)(189,260)(5,847)8,36599,868
Preferred stock dividends and other adjustments(24,174)(24,174)(24,176)(24,174)(24,174)(24,169)
Other undisclosed net income available to common stockholders, basic 4,67222,9152,1781,625 
Net income (loss) available to common stockholders, diluted:122,548(64,347)(190,521)(27,843)(14,184)75,699

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):166,060(44,845)(189,260)(5,847)8,365104,940
Other comprehensive income (loss)25,38718,346(22,348)(3,495)5162,536
Comprehensive income (loss):191,447(26,499)(211,608)(9,342)8,881107,476
Comprehensive loss, net of tax, attributable to noncontrolling interest      (5,232)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(46,475)(21,320)802(21,718)(22,587)(24,169)
Comprehensive income (loss), net of tax, attributable to parent:144,972(47,819)(210,806)(31,060)(13,706)78,075

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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