Bullboard - Stock Discussion Forum 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... see more

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TSX:HOT.DB.V - Post Discussion

American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures > April 8, 2020

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Post by flamingogold on Sep 13, 2023 12:45pm

April 8, 2020

That was the last time the stock was trading at today's price when covid dominated global headlines, businesses were shuttered and the distribution here was suspended with bankruptcy looming.

Today we have a distribution over 12% at less than a 50% payout ratio, near pre-pandemic capacities and while debt servicing costs are higher, optons exist to deal with it and no where is the entity facing insolvency like 3 years ago.

Makes perfect sense.

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