Second Quarter Financial Results Announcements - Research Report on Equity Residential, Hersha Hospitality Trust, RLJ Lodging Trust, DiamondRock Hospitality, and Ashford Hospitality Trust Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, August 28, 2013 NEW YORK, August 28, 2013 /PRNewswire/ -- Today, Investors' Reports announced new research reports highlighting Equity Residential (NYSE: EQR), Hersha Hospitality Trust (NYSE: HT), RLJ Lodging Trust (NYSE: RLJ), DiamondRock Hospitality Co. (NYSE: DRH), and Ashford Hospitality Trust Inc. (NYSE: AHT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Equity Residential Research Report On July 30, 2013, Equity Residential (EQR) reported results for Q2 2013. The Company reported funds from operations (FFO) of $0.73 per share, compared to $0.64 per share in Q2 2012. EQR's reported earnings also increased to $0.90 per diluted share during the quarter, from $0.33 per diluted share in Q2 2012, due to higher gains from property sales. David J. Neithercut, EQR's President and CEO, commented, "We are pleased that apartment fundamentals across our markets remain strong and that we will again produce results for the full year in line with our original guidance and well above historical trends. We are extremely proud of our property teams across the country for delivering such strong performance while simultaneously integrating 21,000 newly acquired apartment units into our portfolio." The Full Research Report on Equity Residential - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/EQR] Hersha Hospitality Trust Research Report On July 30, 2013, Hersha Hospitality Trust (HT) announced results for Q2 2013. The Company's consolidated hotel revenue per available room (RevPAR) for its 57 hotels as of June 30, 2013, increased 3.6% YoY to $142.1. Net income applicable to common shareholders was $14.3 million or $0.07 per diluted share, in Q2 2013, compared to $13.1 million or $0.07 per diluted share, in Q2 2012. Mr. Jay H. Shah, the Company's CEO, said, "Year-to-date RevPAR growth of 8.0% within our same store consolidated portfolio remains industry leading. Our year-over-year quarterly RevPAR growth was somewhat muted, however, as the Company faced tough comparables for transient travel in April as a result of the Easter holiday shift, a softer convention calendar in Boston and Philadelphia, as well as the impact from a slowdown in government travel due to sequestration in our Washington, D.C. metro market." The Full Research Report on Hersha Hospitality Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/HT] RLJ Lodging Trust Research Report On August 6, 2013, RLJ Lodging Trust (RLJ) released its Q2 2013 financial results. The Company reported an 8.7% YoY increase in its Pro forma RevPar, driven by an increase in average daily rate (ADR) of 6.3% YoY and an increase in Occupancy of 2.3% YoY. Net income attributable to common shareholders for Q2 2013 was $40.5 million, compared with $18.9 million in Q2 2012. "Our industry-leading results this quarter once again demonstrate the strength of our well diversified portfolio and effective asset management," commented Thomas J. Baltimore, Jr., President and CEO of RLJ. "We remain committed to maximizing shareholder value through selective acquisitions in high-barrier markets, value-add renovations, and conservative balance sheet management." Based on the Company's recent acquisitions and second quarter performance, the Company increased its 2013 outlook. For full-year 2013, the Company anticipates Pro forma RevPAR growth of 6.5% to 8.0% YoY, up from its prior guidance of 6.0% to 8.0% YoY. The Full Research Report on RLJ Lodging Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/RLJ] DiamondRock Hospitality Co. Research Report On August 9, 2013, DiamondRock Hospitality Co. (DiamondRock) released its financial results for Q2 2013. RevPAR increased 0.2% YoY to $146.8, and excluding the Company's New York City hotels under renovation, RevPAR increased 6.7% YoY. Net income for Q2 2013 was $15.1 million or $0.08 per diluted share, compared to $17.1 million, or $0.10 per diluted share in Q2 2012. Mark W. Brugger, President and CEO of DiamondRock, stated, "We are pleased with our second quarter operating results with RevPAR growing 6.7% and profit margins expanding 130 basis points, excluding hotels under renovation. We continue to see favorable lodging trends, particularly in the group segment, which led to stronger than expected performance at the Westin Boston and the Chicago Marriott Downtown." The Company provided its annual guidance for 2013 and expects its full-year 2013 Pro Forma RevPAR Growth in the range of 1% to 3% YoY. The Full Research Report on DiamondRock Hospitality Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/DRH] Ashford Hospitality Trust Inc. Research Report On July 31, 2013, Ashford Hospitality Trust Inc. (AHT) released its Q2 2013 financial results. The Company's RevPAR for all hotels (including Ashford Prime and the Highland Hospitality portfolio) increased 4.2% YoY during the quarter. For all hotels in the Highland Hospitality portfolio, RevPAR increased 4.5% YoY, primarily driven by a 4.7% YoY increase in ADR. Also, for all Legacy hotels, including the eight Ashford Prime hotels, RevPAR increased 4.1% YoY, driven by a 3.8% YoY increase in ADR and a 24 bps increase in occupancy. Net loss attributable to common shareholders was $1.4 million, or $0.02 per diluted share, compared with net loss of $13.3 million, or $0.20 per diluted share in Q2 2012. The Full Research Report on Ashford Hospitality Trust Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/AHT] EDITOR NOTES: 1.This is not company news. 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Second Quarter Financial Results Announcements - Research Report on Equity Residential, Hersha Hospitality Trust, RLJ Lodging
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