Hersha Hospitality Trust
NYSE:HT
Income Statement
Earnings Waterfall
Hersha Hospitality Trust
Revenue
|
361.5m
USD
|
Cost of Revenue
|
-252.9m
USD
|
Gross Profit
|
108.6m
USD
|
Operating Expenses
|
-80.6m
USD
|
Operating Income
|
28m
USD
|
Other Expenses
|
-18.8m
USD
|
Net Income
|
9.2m
USD
|
Income Statement
Hersha Hospitality Trust
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
331
N/A
|
338
+2%
|
353
+4%
|
374
+6%
|
397
+6%
|
417
+5%
|
433
+4%
|
449
+4%
|
460
+3%
|
470
+2%
|
482
+2%
|
482
+0%
|
478
-1%
|
467
-2%
|
468
+0%
|
478
+2%
|
487
+2%
|
498
+2%
|
490
-2%
|
486
-1%
|
484
0%
|
495
+2%
|
510
+3%
|
524
+3%
|
531
+1%
|
530
0%
|
505
-5%
|
375
-26%
|
274
-27%
|
177
-35%
|
134
-24%
|
186
+39%
|
238
+28%
|
296
+24%
|
331
+12%
|
384
+16%
|
403
+5%
|
406
+1%
|
399
-2%
|
374
-6%
|
362
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(205)
|
(214)
|
(223)
|
(235)
|
(248)
|
(260)
|
(271)
|
(279)
|
(286)
|
(292)
|
(301)
|
(303)
|
(302)
|
(299)
|
(299)
|
(309)
|
(321)
|
(331)
|
(331)
|
(332)
|
(332)
|
(338)
|
(348)
|
(355)
|
(360)
|
(361)
|
(352)
|
(288)
|
(236)
|
(186)
|
(152)
|
(175)
|
(196)
|
(219)
|
(235)
|
(260)
|
(271)
|
(272)
|
(273)
|
(260)
|
(253)
|
|
Gross Profit |
126
N/A
|
125
-1%
|
130
+4%
|
139
+7%
|
149
+7%
|
157
+6%
|
163
+3%
|
170
+4%
|
175
+3%
|
178
+2%
|
180
+1%
|
179
0%
|
177
-2%
|
168
-5%
|
169
+1%
|
169
0%
|
166
-1%
|
167
+1%
|
159
-5%
|
154
-3%
|
152
-1%
|
157
+3%
|
162
+4%
|
170
+4%
|
171
+1%
|
169
-1%
|
154
-9%
|
87
-43%
|
38
-56%
|
(9)
N/A
|
(19)
-113%
|
12
N/A
|
43
+266%
|
77
+80%
|
96
+25%
|
124
+29%
|
131
+6%
|
134
+2%
|
127
-5%
|
113
-11%
|
109
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(78)
|
(80)
|
(82)
|
(85)
|
(89)
|
(90)
|
(92)
|
(93)
|
(93)
|
(95)
|
(98)
|
(99)
|
(99)
|
(100)
|
(99)
|
(100)
|
(103)
|
(107)
|
(110)
|
(113)
|
(115)
|
(117)
|
(107)
|
(122)
|
(123)
|
(123)
|
(124)
|
(120)
|
(118)
|
(117)
|
(114)
|
(112)
|
(108)
|
(106)
|
(104)
|
(101)
|
(97)
|
(92)
|
(86)
|
(82)
|
(81)
|
|
Selling, General & Administrative |
(24)
|
(24)
|
(23)
|
(22)
|
(22)
|
(20)
|
(21)
|
(22)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(23)
|
(24)
|
(24)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(26)
|
(27)
|
(23)
|
(22)
|
(20)
|
(19)
|
(20)
|
(21)
|
(23)
|
(23)
|
(25)
|
(26)
|
(27)
|
(26)
|
(25)
|
(26)
|
|
Depreciation & Amortization |
(54)
|
(56)
|
(59)
|
(63)
|
(67)
|
(69)
|
(71)
|
(72)
|
(72)
|
(74)
|
(76)
|
(76)
|
(76)
|
(75)
|
(75)
|
(76)
|
(79)
|
(84)
|
(86)
|
(88)
|
(89)
|
(90)
|
(93)
|
(94)
|
(96)
|
(97)
|
(97)
|
(97)
|
(97)
|
(97)
|
(95)
|
(91)
|
(88)
|
(83)
|
(81)
|
(77)
|
(71)
|
(65)
|
(59)
|
(56)
|
(55)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
48
N/A
|
45
-6%
|
47
+5%
|
54
+14%
|
60
+11%
|
68
+13%
|
71
+4%
|
76
+8%
|
82
+7%
|
84
+2%
|
83
-1%
|
80
-3%
|
77
-4%
|
68
-12%
|
71
+4%
|
69
-3%
|
64
-7%
|
60
-6%
|
49
-19%
|
41
-16%
|
37
-10%
|
40
+8%
|
55
+37%
|
47
-15%
|
48
+1%
|
46
-3%
|
30
-35%
|
(33)
N/A
|
(80)
-145%
|
(126)
-57%
|
(132)
-5%
|
(100)
+25%
|
(66)
+34%
|
(30)
+55%
|
(8)
+72%
|
22
N/A
|
35
+55%
|
42
+21%
|
41
-2%
|
32
-23%
|
28
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(38)
|
(39)
|
(40)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(42)
|
(42)
|
(44)
|
(44)
|
(47)
|
(46)
|
(31)
|
(31)
|
(28)
|
(29)
|
(43)
|
(44)
|
(46)
|
(47)
|
(48)
|
(50)
|
(51)
|
(51)
|
(53)
|
(54)
|
(55)
|
(54)
|
(55)
|
(55)
|
(56)
|
(58)
|
(59)
|
(58)
|
(54)
|
(41)
|
(35)
|
(28)
|
(24)
|
|
Non-Reccuring Items |
(4)
|
(3)
|
(2)
|
23
|
21
|
22
|
21
|
(3)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(7)
|
(11)
|
(10)
|
(3)
|
7
|
13
|
0
|
6
|
1
|
(0)
|
0
|
(1)
|
(1)
|
4
|
0
|
2
|
2
|
(3)
|
0
|
1
|
(27)
|
(27)
|
(27)
|
(28)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
12
|
0
|
21
|
21
|
20
|
0
|
(1)
|
(1)
|
0
|
0
|
95
|
95
|
116
|
135
|
110
|
111
|
90
|
75
|
4
|
4
|
4
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
50
|
50
|
50
|
48
|
0
|
0
|
168
|
198
|
0
|
0
|
30
|
|
Total Other Income |
12
|
(0)
|
12
|
(1)
|
(1)
|
(1)
|
19
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(18)
|
(18)
|
(18)
|
(17)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
199
|
199
|
1
|
|
Pre-Tax Income |
18
N/A
|
15
-16%
|
18
+16%
|
57
+222%
|
60
+6%
|
67
+12%
|
68
+1%
|
29
-58%
|
36
+24%
|
39
+10%
|
35
-10%
|
128
+263%
|
121
-5%
|
117
-3%
|
153
+31%
|
127
-17%
|
122
-4%
|
110
-10%
|
70
-36%
|
(2)
N/A
|
2
N/A
|
9
+473%
|
7
-14%
|
4
-46%
|
(2)
N/A
|
(6)
-241%
|
(23)
-298%
|
(89)
-284%
|
(137)
-54%
|
(176)
-29%
|
(138)
+22%
|
(104)
+24%
|
(71)
+32%
|
(43)
+40%
|
(68)
-59%
|
(35)
+48%
|
122
N/A
|
171
+41%
|
178
+4%
|
174
-2%
|
34
-81%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
6
|
6
|
5
|
6
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
6
|
7
|
5
|
3
|
(1)
|
(1)
|
(10)
|
(5)
|
(6)
|
(10)
|
(0)
|
2
|
(1)
|
3
|
(0)
|
(1)
|
(13)
|
(13)
|
(11)
|
(15)
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(7)
|
(5)
|
(5)
|
(5)
|
0
|
|
Income from Continuing Operations |
24
|
21
|
22
|
62
|
64
|
70
|
71
|
32
|
38
|
42
|
38
|
134
|
127
|
122
|
156
|
126
|
121
|
100
|
65
|
(8)
|
(8)
|
8
|
10
|
3
|
1
|
(6)
|
(24)
|
(101)
|
(150)
|
(188)
|
(153)
|
(104)
|
(71)
|
(43)
|
(69)
|
(37)
|
115
|
166
|
173
|
170
|
34
|
|
Income to Minority Interest |
1
|
(0)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(3)
|
3
|
2
|
2
|
1
|
1
|
1
|
2
|
4
|
14
|
19
|
23
|
20
|
10
|
7
|
5
|
5
|
3
|
(14)
|
(19)
|
(19)
|
(16)
|
(1)
|
|
Net Income (Common) |
3
N/A
|
32
+1 081%
|
36
+12%
|
75
+110%
|
80
+7%
|
52
-35%
|
54
+4%
|
17
-69%
|
23
+40%
|
27
+16%
|
23
-13%
|
110
+370%
|
103
-6%
|
95
-8%
|
125
+32%
|
97
-23%
|
91
-6%
|
75
-17%
|
42
-44%
|
(25)
N/A
|
(26)
-2%
|
(15)
+42%
|
(14)
+9%
|
(21)
-51%
|
(23)
-11%
|
(28)
-21%
|
(44)
-58%
|
(111)
-152%
|
(154)
-39%
|
(189)
-23%
|
(157)
+17%
|
(118)
+25%
|
(88)
+25%
|
(63)
+28%
|
(88)
-40%
|
(58)
+34%
|
77
N/A
|
123
+59%
|
130
+6%
|
129
-1%
|
9
-93%
|
|
EPS (Diluted) |
0.05
N/A
|
0.63
+1 160%
|
0.7
+11%
|
1.49
+113%
|
1.59
+7%
|
1.04
-35%
|
1.09
+5%
|
0.35
-68%
|
0.49
+40%
|
0.56
+14%
|
0.52
-7%
|
2.5
+381%
|
2.41
-4%
|
2.18
-10%
|
2.97
+36%
|
2.29
-23%
|
2.17
-5%
|
1.79
-18%
|
1.07
-40%
|
-0.63
N/A
|
-0.65
-3%
|
-0.38
+42%
|
-0.35
+8%
|
-0.53
-51%
|
-0.59
-11%
|
-0.72
-22%
|
-1.15
-60%
|
-2.88
-150%
|
-4
-39%
|
-4.9
-23%
|
-3.94
+20%
|
-3.03
+23%
|
-2.26
+25%
|
-1.61
+29%
|
-2.25
-40%
|
-1.42
+37%
|
1.88
N/A
|
2.98
+59%
|
3.28
+10%
|
3.11
-5%
|
0.23
-93%
|