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HPT Q4 Net Down 35 Percent

Mar 3, 2009 | Reprints | Unlock Link | Print

Newton-based Hospitality Properties Trust (HPT) has reported net income of $54.9 million for the quarter ended Dec. 31, compared to $84.5 million in the same period last year, a 35 percent decrease.

For the year, HPT reported net income of $134 million, compared to net income of $331 million in 2007, a 60 percent decrease.

The trust also announced a regular quarterly common dividend of $0.77 per share payable to shareholders of record on Jan. 21. This dividend was paid on Feb. 25.

Commercial & Industrial