HT · Hersha Hospitality Trust - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $405.87M | $295.99M | $176.66M | $529.96M | $495.06M | $498.24M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $26.48M | $23.03M | $20.08M | $26.43M | $26.88M | $23.55M |
| Total Operating Expenses | $372.83M | $325.58M | $299.05M | $483.59M | $442.36M | $448.67M |
| D&A | $64.97M | $83.31M | $96.96M | $96.53M | $89.83M | $83.75M |
| Operating Income | $33.05M | ($29.59M) | ($122.39M) | $46.37M | $52.70M | $49.57M |
| Interest Expense | $48.42M | $57.55M | $53.28M | $52.20M | $48.49M | $42.66M |
| Income Tax | $4.80M | $838.0K | $11.33M | $92.0K | $267.0K | $5.26M |
| Net Income | $122.55M | ($64.35M) | ($190.52M) | ($27.84M) | ($14.18M) | $75.70M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $224.96M | $72.24M | $16.64M | $27.01M | $32.60M | $17.95M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.49B | $1.83B | $1.98B | $2.12B | $2.14B | $2.14B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $633.28M | $1.13B | $1.20B | $1.14B | $1.10B | $1.10B |
| Total Liabilities | $727.34M | $1.22B | $1.31B | $1.25B | $1.18B | $1.25B |
| Stockholders' Equity | $683.00M | $557.37M | $623.00M | $807.66M | $892.80M | $833.87M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $75.57M | $16.23M | ($57.47M) | $103.11M | $81.57M | $108.41M |
| Investing Cash Flow | $510.24M | $151.47M | ($1.51M) | ($53.57M) | $144.70M | ($99.59M) |
| Financing Cash Flow | ($440.73M) | ($106.36M) | $45.60M | ($53.34M) | ($78.79M) | ($176.51M) |
| CapEx | $7.58M | $1.03M | $1.21M | $12.72M | $2.26M | $2.10M |
| Free Cash Flow | $67.99M | $15.20M | ($58.68M) | $90.39M | $79.31M | $106.31M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 8.1% | -10.0% | -69.3% | 8.7% | 10.6% | 9.9% |
| EBITDA margin | 24.1% | 18.1% | -14.4% | 27.0% | 28.8% | 26.8% |
| Net margin | 30.2% | -21.7% | -107.8% | -5.3% | -2.9% | 15.2% |
| Free cash flow margin | 16.8% | 5.1% | -33.2% | 17.1% | 16.0% | 21.3% |
| FCF / Net income | 0.55 | -0.24 | 0.31 | -3.25 | -5.59 | 1.40 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.5% | 7.8% | 11.4% | 5.0% | 5.4% | 4.7% |
| Effective tax rate | 3.8% | - | - | - | - | 6.5% |
| Return on assets | 8.2% | -3.5% | -9.6% | -1.3% | -0.7% | 3.5% |
| Return on equity | 17.9% | -11.5% | -30.6% | -3.4% | -1.6% | 9.1% |
| Return on invested capital | 2.4% | -1.4% | -5.3% | 1.9% | 2.1% | 2.4% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.93 | 2.03 | 1.93 | 1.41 | 1.23 | 1.32 |
| Debt / Assets | 0.43 | 0.62 | 0.61 | 0.53 | 0.51 | 0.51 |
| Debt / EBITDA | 6.46 | 21.04 | - | 7.94 | 7.71 | 8.25 |
| Interest coverage | 0.7x | -0.5x | -2.3x | 0.9x | 1.1x | 1.2x |
| Equity multiplier | 2.18 | 3.29 | 3.18 | 2.63 | 2.40 | 2.56 |
| Liabilities / Assets | 0.49 | 0.67 | 0.66 | 0.59 | 0.55 | 0.58 |
| Efficiency | ||||||
| Asset turnover | 0.27 | 0.16 | 0.09 | 0.25 | 0.23 | 0.23 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 37.1% | 67.5% | -66.7% | 7.0% | -0.6% | 6.8% |
| Revenue CAGR (3y) | -8.5% | -15.8% | -29.2% | 4.3% | 1.7% | 6.1% |
| Revenue CAGR (5y) | -4.0% | -8.7% | -17.8% | 4.9% | 7.9% | 6.8% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 75.8% | - | -12.0% | 6.3% | -24.3% |
| Net income growth (YoY) | - | 66.2% | -584.3% | -96.3% | - | -20.8% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 347.4% | - | - | 14.0% | -25.4% | 26.0% |
| FCF CAGR (5y) | -8.6% | -29.0% | - | -2.4% | 2.4% | 12.1% |
| Book value growth (YoY) | 22.5% | -10.5% | -22.9% | -9.5% | 7.1% | -0.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$295.87M totalOccupancy$237.99M · 80.4%
Food And Beverage$31.78M · 10.7%
Hotel Other$26.10M · 8.8%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing HERSHA HOSPITALITY TRUST against the 5 most active filers in the same SIC group.