Hospitality Properties Trust Q4 Normalized FFO Rises - Quick Facts

(RTTNews) - Hospitality Properties Trust (HPT) on Wednesday reported a net loss for the fourth quarter despite higher revenues.

Fourth-quarter net loss available for the company's common shareholders was $108.9 million or $0.66 per share, compared to net income of $31.5 million or $0.19 per share in the year-ago period.

The latest quarter's results include $106.1 million or $0.65 per share of unrealized losses on equity securities, and $53.6 million or $0.33 per share of business management incentive fee expense.

The year-ago period's results include $36.3 million or $0.22 per share of business management incentive fee expense, and a $5.4 million or $0.03 per share tax benefit related to the federal tax legislation referred to as the Tax Cuts and Jobs Act, or the Tax Act.

Normalized FFO available for common shareholders for the quarter was $100.0 million or $0.61 per share, compared to normalized FFO of $87.9 million or $0.54 per share in the year-ago period.

Revenues for the quarter rose to $550.80 million from $535.14 million in the same period last year.