Home Capital Results

ARA US Hospitality Trust reverses from loss, reports NPI of US$9.1 mil for 1H21

Atiqah Mokhtar
Atiqah Mokhtar8/5/2021 08:27 AM GMT+08  • 3 min read
ARA US Hospitality Trust reverses from loss, reports NPI of US$9.1 mil for 1H21
Revenue surged 34.4% y-o-y to US$52.8 mil on the back of a recovery in domestic travel in the US.
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.

ARA US Hospitality Trust (ARA H-Trust) has recorded net property income (NPI) of US$9.1 million ($12.3 million) for the 1HFY2021 ended June, reversing from a loss of US$2 million in the 1HFY2020.

On a sequential basis, ARA H-Trust reversed from a loss of US$3 million for the 2HFY2020.

The trust achieved gross revenue of US$52.8 million for the 1HFY2021, surging up 34.4% y-o-y from US$39.3 million previously on the back of easing travel restrictions in the US following widespread distribution of vaccines, prompting a recovery in domestic travel.

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