November 05, 2012 at 13:59 PM EST
Stocks in News: HT, CLWR, VSH, SKT, MIPS
Las Vegas, NV -- (SBWIRE) -- 11/05/2012 -- VHersha Hospitality Trust (NYSE:HT) moved up 1.50% and closed at $4.75 on a traded volume of 1.83 million shares.The Company announced third quarter results. Net income was $2.7 million compared to net loss of $(25.0) million in the third quarter of 2011. Adjusted Funds from Operations in the third quarter were $23.3 million compared to $24.7 million for the third quarter of 2011. The decrease was driven largely by a $4.4 million reduction in Hotel EBITDA from the sale of the 18 asset non-core portfolio completed earlier in 2012. Read the full press release at http://www.sbwire.com/press-releases/sbwire-177768.htm
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