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Hospitality Properties Trust's (HPT -4%) Q2 earnings fell 27% and missed estimates as the REIT...

Hospitality Properties Trust's (HPT -4%) Q2 earnings fell 27% and missed estimates as the REIT was hit by higher hotel operating costs and overhead expenses that masked revenue growth. HPT is in the midst of a two-year program to renovate its hotels, which should help long-term performance but is posing a short-term drag on occupancies and other metrics.
Comments (1)
  • footnotereader
    , contributor
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    Even with the decline in earnings, it has better earnings and a stronger balance sheet than most hotel reits, not to mention the best common dividend yield.
    7 Aug 2012, 04:00 PM Reply Like
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