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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.98M | $97.81M | $75.15M | - | $104.25M | $123.29M | $81.87M | - | $85.25M | $70.10M |
| Cost of Revenue | - | - | - | - | - | - | - | - | $1.32M | $2.46M |
| Gross Profit | - | - | - | - | - | - | - | - | $83.93M | $67.63M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.05M | $5.77M | $4.93M | - | $5.88M | $6.49M | $5.32M | - | $4.97M | $5.29M |
| Total Operating Expenses | $83.62M | $84.56M | $77.81M | - | $102.21M | $99.47M | $83.54M | - | $85.53M | $77.69M |
| D&A | $13.79M | $14.01M | $13.67M | - | $14.90M | $17.00M | $19.28M | - | $20.48M | $21.01M |
| Operating Income | $8.37M | $13.25M | ($2.66M) | - | $2.04M | $23.82M | ($1.67M) | - | ($282.0K) | ($7.59M) |
| Interest Expense | $9.00M | $8.87M | $9.09M | - | $11.33M | $14.77M | $14.24M | - | $14.59M | $14.98M |
| Income Tax | $275.0K | $65.0K | $34.0K | - | $5.40M | $93.0K | $21.0K | - | $277.0K | $151.0K |
| Net Income | ($4.46M) | $1.72M | ($14.94M) | - | $115.48M | $2.10M | ($22.56M) | - | ($19.80M) | ($28.59M) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $146.15M | $142.39M | $193.57M | $224.96M | $94.27M | $87.92M | $77.45M | $72.24M | $71.24M | $69.08M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.39B | $1.39B | $1.45B | $1.49B | $1.57B | $1.84B | $1.82B | $1.83B | $1.85B | $1.86B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | $633.28M | - | - | - | $1.13B | - | - |
| Total Liabilities | $651.10M | $648.56M | $700.81M | $727.34M | $820.71M | $1.22B | $1.22B | $1.22B | $1.23B | $1.22B |
| Stockholders' Equity | $658.36M | $666.71M | $663.95M | $683.00M | $677.13M | $557.59M | $549.20M | $557.37M | $569.28M | $586.01M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $10.00M | - | - | - | $15.00M | - | - | - |
| Investing Cash Flow | - | - | ($9.95M) | - | - | - | ($4.70M) | - | - | - |
| Financing Cash Flow | - | - | ($31.93M) | - | - | - | ($6.79M) | - | - | - |
| CapEx | $4.85M | $9.82M | $888.0K | - | $1.15M | $3.65M | $889.0K | - | $519.0K | $86.0K |
| Free Cash Flow | - | - | $9.11M | - | - | - | $14.11M | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | 98.5% | 96.5% |
| Operating margin | 9.1% | 13.5% | -3.5% | - | 2.0% | 19.3% | -2.0% | - | -0.3% | -10.8% |
| EBITDA margin | 24.1% | 27.9% | 14.6% | - | 16.2% | 33.1% | 21.5% | - | 23.7% | 19.1% |
| Net margin | -4.9% | 1.8% | -19.9% | - | 110.8% | 1.7% | -27.6% | - | -23.2% | -40.8% |
| Free cash flow margin | - | - | 12.1% | - | - | - | 17.2% | - | - | - |
| FCF / Net income | - | - | -0.61 | - | - | - | -0.63 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.6% | 5.9% | 6.6% | - | 5.6% | 5.3% | 6.5% | - | 5.8% | 7.5% |
| Effective tax rate | - | 3.6% | - | - | 4.5% | 4.2% | - | - | - | - |
| Return on assets | -0.3% | 0.1% | -1.0% | - | 7.3% | 0.1% | -1.2% | - | -1.1% | -1.5% |
| Return on equity | -0.7% | 0.3% | -2.3% | - | 17.1% | 0.4% | -4.1% | - | -3.5% | -4.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.93 | - | - | - | 2.03 | - | - |
| Debt / Assets | - | - | - | 0.43 | - | - | - | 0.62 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.9x | 1.5x | -0.3x | - | 0.2x | 1.6x | -0.1x | - | -0.0x | -0.5x |
| Equity multiplier | 2.11 | 2.09 | 2.18 | 2.18 | 2.33 | 3.29 | 3.32 | 3.29 | 3.25 | 3.17 |
| Liabilities / Assets | 0.47 | 0.47 | 0.48 | 0.49 | 0.52 | 0.66 | 0.67 | 0.67 | 0.66 | 0.66 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | 0.07 | 0.05 | - | 0.07 | 0.07 | 0.04 | - | 0.05 | 0.04 |
| 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) | -11.8% | -20.7% | -8.2% | - | 22.3% | 75.9% | 73.6% | - | 152.6% | 301.9% |
| Revenue CAGR (3y) | 39.7% | 77.7% | -5.9% | - | -8.3% | -5.8% | -10.7% | - | -12.6% | -19.4% |
| Revenue CAGR (5y) | -6.4% | -6.1% | -5.5% | - | -4.3% | -2.2% | -5.4% | - | -6.7% | -11.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 310.9% | -44.4% | -59.1% | - | - | - | 92.8% | - | 99.2% | 81.7% |
| Net income growth (YoY) | - | -18.0% | 33.8% | - | - | - | - | - | 59.7% | 57.6% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -35.4% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | -11.4% | - | - | - | -4.1% | - | - | - |
| Book value growth (YoY) | -2.8% | 19.6% | 20.9% | 22.5% | 18.9% | -4.9% | -10.3% | -10.5% | -13.4% | -15.7% |
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%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing HERSHA HOSPITALITY TRUST against the 5 most active filers in the same SIC group.