$HPT (Hospitality Properties Trust)

$HPT {{ '2016-05-10T17:51:08+0000' | timeago}} • Webcast

Newton, Massachusetts-based $HPT said hotel RevPAR growth was 4.4% across its 291 comparable hotels, well above industry growth levels in 1Q16. This RevPAR growth, which was 91% rate-driven, continued to be broad-based. The company's 224 hotels that were renovated from 2010-2013 increased RevPAR by 3.7%.

$HPT {{ '2017-05-10T12:11:49+0000' | timeago}} • Announcement

Comparable hotel RevPAR grew 1% for $HPT to $89.40 in 1Q17, while occupancy rose by 0.1 percentage point to 71.2% and RevPAR increased 0.9% to $89.45. As of March 31, 2017, HPT had nine operating agreements with seven hotel operating companies for 308 hotels with 47,187 rooms.

$HPT {{ '2017-05-10T12:10:45+0000' | timeago}} • Announcement

Total revenues for $HPT inched 3% up in 1Q17 to $489MM, with the REIT posting a 45% slump in net attributable income of $26MM from last year's $47MM. Earnings fell 48% to $0.16 a share, on a declined normalized FFO available to common shareholders of $0.91 per share from $0.93 a share a year ago.

$HPT {{ '2017-01-12T13:14:55+0000' | timeago}} • Announcement

$HPT announced redemption all of its 11.6MM outstanding 7.125% Series D Cumulative Redeemable Preferred Shares. Dividends will cease to accrue on the Series D Preferred Shares as of the redemption date. Holders who hold Series D Preferred Shares through the Depository Trust Company (DTC) will be redeemed in accordance with DTC's procedures.

$HPT {{ '2017-01-12T13:13:49+0000' | timeago}} • Announcement

$HPT announced redemption all of its 11.6MM outstanding 7.125% Series D Cumulative Redeemable Preferred Shares at the stated liquidation preference price of $25 per share plus accrued and unpaid dividends to the date of redemption. The expected redemption date is on or about Feb. 10, 2017.

$HPT {{ '2017-01-11T15:46:33+0000' | timeago}} • Announcement

$HPT priced underwritten public offerings of $200MM of 4.50% unsecured notes due June 15, 2023, and $400MM of 4.95% unsecured senior notes due Feb. 15, 2027. The settlements of these offerings are expected to occur on Jan. 13, 2017.

$HPT {{ '2016-11-09T19:15:12+0000' | timeago}} • Webcast

During 3Q16, $HPT was notified by $MAR that it does not intend to extend its lease with the company for the Marriot Kauai resort hotel when it expires on December 31, 2019. $HPT intends to have discussions with $MAR about the future of this hotel. The impact of any changes in this lease are not material to $HPT's performance, the company said.

$HPT {{ '2016-11-09T19:05:19+0000' | timeago}} • Webcast

On Sept. 30, $HPT acquired a travel center in Caryville, TN for $16.6MM. In Oct., the company entered into a revised contract to acquire an independent full service hotel in Milpitas, CA for $46MM. Also, $HPT agreed to acquire a full service hotel in Addison, TX for $9MM and a full service hotel in Chicago for $86.7MM.

$HPT {{ '2016-11-09T13:55:43+0000' | timeago}} • Announcement

$HPT's normalized funds from operations for 3Q16 increased to $162.14MM or $1.03 per share from $149.69MM or $0.99 per share in the previous year quarter. $HPT's average daily rate increased 3.3% to $126.58, occupancy rose 0.4 percentage points to 80.4% and revenue per available room, or RevPAR, on comparable basis grew 3.8% to $101.77.

$HPT {{ '2016-11-09T13:48:18+0000' | timeago}} • Announcement

Real estate investment trust $HPT reported a decline in 3Q16 earnings due to higher expenses. Net income slid to $46.65MM or $0.30 per share from $56.02MM or $0.37 per share last year. Revenue grew to $543.52MM from $511.89MM.

$HPT {{ '2016-10-11T21:04:00+0000' | timeago}} • Announcement

Real estate investment trust $HPT declared a regular quarterly cash distribution of $0.51 per common share. This distribution will be paid to the company's common shareholders of record as of October 21, 2016 and distributed on or about November 17, 2016.

$HPT {{ '2016-08-26T13:55:15+0000' | timeago}} • Announcement

$HPT announced early redemption of its 5.625% Senior Notes due 2017 at redemption price equal to amount of $300MM, plus accrued and unpaid interest to, but excluding date of redemption. This redemption is expected to occur on or about Sept. 26, 2016. $HPT now sees to fund this by cash on hand and borrowings under revolving credit facility.

$HPT {{ '2016-08-24T13:57:03+0000' | timeago}} • Announcement

$HPT said the underwriters of its recent public offering of common shares have exercised in full their option to buy an additional 1.65MM common shares of beneficial interest, raising additional net proceeds of about $48.6MM. The settlement for such shares is expected to occur on Aug. 26, 2016.

$HPT {{ '2016-08-16T17:56:49+0000' | timeago}} • Announcement

Massachusetts-based REIT $HPT said it has priced a public offering of 11,000,000 common shares at a price of $30.75 per common share. The settlement of this offering is expected to occur on August 19, 2016. $HPT expects to use the proceeds to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes.

$HPT {{ '2016-08-09T19:28:19+0000' | timeago}} • Webcast

In 2Q16, $HPT reported normalized FFO of $165.7MM. Adjusted EBITDA was $216MM, up 13% from 2Q15. At June 30, the company had approx. $20.3MM of cash. At 2Q16-end, debt to total gross book value of real estate was 40.8%.

$HPT {{ '2016-08-09T19:14:32+0000' | timeago}} • Webcast

In July, $HPT entered into an agreement to acquire a full service hotel located in Silicon Valley for a purchase price of $52MM. This hotel offers 236 guest rooms, a popular restaurant and over 4,000 square feet of meeting space. The company is conducting due diligence on this project at present.

$HPT {{ '2016-08-09T19:03:52+0000' | timeago}} • Webcast

Massachusetts-based REIT $HPT said in 2Q16, cash available for minimum rents and returns for the comparable hotel portfolio increased by 7.6%. Normalized FFO payout ratio declined to approx. 47%. The company acquired three full service centers for total consideration of $46.2MM.

$HPT {{ '2016-08-09T12:30:11+0000' | timeago}} • Announcement

Real estate investment trust $HPT reported a higher Normalized FFO and an increase in RevPAR for 2Q16, but profit fell on higher expenses. The company reported NFFO of $1.09 per share, up from $0.99 per share a year ago. Hotel RevPAR rose 4.9%. Quarterly profit fell to $0.34 from $0.52 per share.

$HPT {{ '2016-07-15T15:52:04+0000' | timeago}} • Announcement

$HPT announced a regular quarterly common share distribution of $0.51 per common share ($2.04 per share per year). This distribution will be paid to $HPT's shareholders of record as of the close of business on July 22, 2016 and distributed on or about Aug. 18, 2016.

$HPT {{ '2016-05-10T18:30:01+0000' | timeago}} • Webcast

$HPT said on March 3, 2016 it issued $750MM of unsecured senior notes, which included $400MM of 4.25% notes due in 2021 and $350MM of 5.25% notes due in 2026. The net proceeds from these offerings were approx. $732MM. On March 11, all $275MM of its 6.3% senior notes were redeemed at par and $HPT has no additional debt maturities until March 2017.

$HPT {{ '2016-05-10T18:24:22+0000' | timeago}} • Webcast

$HPT said it funded $12.5MM of hotel improvements and $20.6MM of travel center improvements in 1Q16. The company currently expects to fund an additional $69MM of hotel improvements and $129MM of travel center improvements in 2016. $HPT expects to have 14 hotels under renovation for all or part of 2Q16.

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