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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

Post by Konaboyon Sep 12, 2023 5:44pm
229 Views
Post# 35632574

Bad News Bears

Bad News BearsThere is a bit of a balloon coming on the debt front in 2024, timing not disclosed.  Otherwise their interest rates are quite reasonable.  Hopefully later in year and there might be visibility to some interest rate declines.

AFFO payout ratio as per Q2 reporting was 44.8% - no flags here.

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Term loans and revolving credit facility (continued): (b) Principal payments: Future principal payments, excluding amortization of marktomarket adjustments and debt financing costs, payable within the next five fiscal years on the outstanding term loans and revolving credit facility are as follows:         
2023  $ 20,073
2024   272,582
2025   55,662
2026   58,765
2027   235,864     
Total   $ 642,946 
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