American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures AHOTF

Primary Symbol: T.HOT.DB.V Alternate Symbol(s): 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 > HOT.un

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Comment by flamingogoldon Sep 07, 2023 2:25pm

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Post# 35624605

RE:RE:HOT.un

The payout ratio is only 50%. Management has been extremely cautious since covid and built in a cushion here.

borne2run wrote: Lowest monthly close was $2.08 in March 2020.
That is in jeopardy of being replaced this month by a lower close.

Debentures might be worth a shot after the distribution is eventually cut.
But a U.S. recession next year could even make AHIP's debt quite risky.