ara h-trust
Acrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely due to hotel dispositions and renovations, as well as increases in operating expenses
Acrophyte Hospitality Trust H1 DPS falls 42.2% to US$0.00432 amid portfolio contraction, softer lodging demand
Revenue for the period falls 6.9% to US$78.1 million from US$83.9 million previously
Acrophyte Hospitality Trust Q1 revenue falls 7.7% to US$33.5 million
Net property income drops 18.1% to US$5.3 million
Acrophyte Hospitality Trust’s H2 DPS falls 55.9% to US$0.00848
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million
BT Mark to Market: ARA H-Trust, Cromwell E-Reit get new sponsors (Ep 44)
ARA H-Trust and Cromwell E-Reit has new sponsor groups backing them. Senior correspondent Ben Paul explains why, and what it means for minority investors.
New sponsors of Ara H-Trust, Cromwell E-Reit unlikely to quickly lift their depressed valuations
Lack of upside for minorities may further erode confidence in the external-manager model, and fuel calls for manager internalisation initiatives
Property tycoon Gordon Tang and family to fully acquire ARA H-Trust’s managers, buy 19% stake in stapled group
Tang-owned Acrophyte Asset Management will then become the stapled group’s new sponsor
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
Although being DPS and NAV dilutive, the proposed sale will provide additional debt headroom
ARA H-Trust Q1 net property income up marginally to US$6.4 million
But its portfolio occupancy falls on softer demand due to weather conditions, a shift in holiday dates, the strong US dollar and upgrading efforts
ARA H-Trust’s H2 DPS rises 18.6% to US$0.01929
ARA US Hospitality Trust’s (ARA H-Trust) distribution per stapled security (DPS) for the half year ended December 2023 was up 18.6 per cent to US$0.01929, from US$0.01627 in H2 FY2022.
