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Hospitality Investors Trust Inc   (HIT)
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EARNINGS REPORT by CSIMarket

Rasults hit by impairment charges

Hospitality Investors Trust Inc see it's first quarter 2020 results, effected by $31 million impairment of assets, company reports $-1.71 loss per share.

Weak demand caused increase in losses for the first quarter 2020, company's loss per share grew to $-1.71 from $-0.95 where Sales fell by -27.36 % to $103 millions from $142 millions a year ago.

In contrast to the fourth quarter 2019 Sales fell by -22.22 % from $133 millions and improved from $-2.28 per share.

For the first quarter 2020 Hospitality Investors Trust Inc realized net loss of $-52.573 million, bigger than $-32.420 million a year ago.

Excluding the negative impact of $31 million, on impairment of assets, Hospitality Investors Trust Inc would still finished the quarter in red.


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Rasults hit by impairment charges

Hospitality Investors Trust Inc see it's first quarter 2020 results, effected by $31 million impairment of assets, company reports $-1.71 loss per share.

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Other HIT's Earnings Reports

Hospitality Investors Trust Inc reported fourth quarter 2019 earnings

Hospitality Investors Trust Inc reported third quarter 2019 earnings

Hospitality Investors Trust Inc reported second quarter 2019 earnings

       
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