Home Capital Results

ARA H-Trust reports NPI of US$0.4 mil in 1Q business update

Felicia Tan
Felicia Tan5/6/2021 08:08 AM GMT+08  • 2 min read
ARA H-Trust reports NPI of US$0.4 mil in 1Q business update
In its outlook statement, the trust sees “restored confidence” as it sees the US fiscal stimulus driving recovery in US hotels.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The managers of ARA US Hospitality Trust (ARA H-Trust) has reported net property income (NPI) of US$0.4 million ($0.53 million) for the 1QFY2021 ended March, compared to a net property loss of US$1.7 million reported in the 4QFY2020 ended December.

The uplifted portfolio, according to the managers, is due to the record pace of vaccinations in the US and federal stimulus.

1QFY2021 gross revenue increased 6.5% q-o-q to US$19.6 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now