This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hersha Hospitality Trust's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Call Start: 09:05

Call End: 10:06

Hersha Hospitality Trust (HT)

Q2 2012 Earnings Conference Call

August 1, 2012 9:00 AM ET


Jay H. Shah - CEO

Neil H. Shah - President and COO

Ashish R. Parikh - CFO

Nikki Sacks - ICR


Andrew Didora Bank - Bank of America-Merrill Lynch

David Loeb - Robert W. Baird & Co. Inc

William Marks - JMP Securities LLC, Research Division

Ryan Meliker - MLV & Company

Smedes Rose - KBW

Tim Wengerd - Deutsche Bank

Nikhil Bhalla - FBR Capital Markets & Co., Research Division

William Crow - Raymond James & Associates, Inc.

Daniel Donlan – Janney Capital Markets.



Good morning ladies and gentlemen, and welcome to the Hersha Hospitality Trust Second Quarter 2012 Earnings Conference Call. Today’s call is being recorded. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of this conference. (Operator Instructions)

At this time, I would like to turn the conference over to Nikki Sacks of ICR. Please go ahead.

Nikki Sacks

Thank you and good morning, everyone. I want to remind you that this conference call contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995.

These forward-looking statements reflect Hersha Hospitality Trust’s plans and expectations; including the Company’s anticipated results of operations through capital investments. These forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause the Company’s actual results, performance, achievements, or financial provisions to be materially different from any future results; performance, achievements, or financial position expressed or implied by these forward-looking statements. These factors are detailed in the Company’s press release and in the Company’s SEC filings.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs