American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Alternate Symbol(s): AHOTF | T.HOT.UN

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.

TSX:HOT.DB.V - Post by User

American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures > Distribution to be re-instated..a few quick points

<< Previous

Bullboard Posts

Next >>

Post by apollojeticon Nov 09, 2021 5:20pm

356 Views

Post# 34107013

Distribution to be re-instated..a few quick points

Revenues increased to $68.4 million compared to $63.6 million in Q2 2021
Q3 ADR of $118.49 matched Q3 2019 levels, Occupancy of 68.8% & RevPAR of $81.50
Q3 2021 diluted FFO per unit of $0.321; or $0.16 per unit excluding non-recurring items
New distribution policy adopted; reinstating monthly distributions in March 2022 at an annual rate of USD$0.18 per unit
Payment of deferred March 2020 distribution to be made on December 31, 2021
Total liquidity as at September 30, 2021 was $43.6 million