Hospitality Properties Trust Q2 FFO/shr Increases

(RTTNews) - Hospitality Properties Trust (HPT) Tuesday reported an increase in second-quarter normalized funds from operations or FFO of $108.6 million or $0.78 per share, compared with $93 million or $0.75 per share a year ago. On average, seven analysts polled by Thomson Reuters expected $0.76 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net income available for common shareholders was $37.3 million or $0.27 per share, compared with $27 million, or $0.22 per share during the same quarter last year.

Total revenues increased to $412.3 million, from $343.1 million last year. Analysts expected the firm to report $390.04 million for the quarter.