Hersha Hospitality Trust reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 70.16 million compared to USD 81.47 million a year ago. Revenue was USD 91.98 million compared to USD 104.25 million a year ago. Net income was USD 1.58 million compared to USD 121.52 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 2.92 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 2.82 a year ago.
For the nine months, sales was USD 202.32 million compared to USD 244.85 million a year ago. Revenue was USD 264.95 million compared to USD 309.41 million a year ago. Net income was USD 0.45 million compared to USD 113.8 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to basic earnings per share from continuing operations of USD 2.43 a year ago. Diluted loss per share from continuing operations was USD 0.45 compared to diluted earnings per share from continuing operations of USD 2.35 a year ago.