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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.
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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.

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