Hospitality Properties Trust Q3 Normalized FFO Edges Down

(RTTNews) - Hospitality Properties Trust (HPT) reported that its Normalized FFO available for common shareholders for the third quarter ended September 30, 2018 were $174.7 million, or $1.06 per share, compared to Normalized FFO available for common shareholders of $175.5 million, or $1.07 per share, for the quarter ended September 30, 2017.

Net income available for common shareholders for the third-quarter ended September 30, 2018 was $117.1 million, or $0.71 per share, compared to net income available for common shareholders of $85.7 million, or $0.52 per diluted share, for the quarter ended September 30, 2017

Total revenues for the quarter grew to $603.15 million from $577.59 million last year.