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ARA US Hospitality Trust reports 68% higher gross revenue of US$32.8 mil

Felicia Tan
Felicia Tan5/4/2022 8:35 AM GMT+08  • 2 min read
ARA US Hospitality Trust reports 68% higher gross revenue of US$32.8 mil
During the quarter, NPI surged 13.25 times to US$5.3 million from US$0.4 million previously. Photo: ARA US Hospitality Trust
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The manager of ARA US Hospitality Trust has reported gross revenue of US$32.8 million ($45.4 million) for the 1QFY2022 ended March, 68% higher y-o-y.

Gross operating profit for the quarter surged 3.1 times to US$8.7 million from US$2.8 million previously, while net property income (NPI) surged 13.25 times to US$5.3 million from US$0.4 million previously.

The better quarterly performance was due to sustained recovery across the REIT’s portfolio, as occupancy rates and revenues per available room (RevPAR) increased across the REIT’s properties.

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