Overview

* American Hotel Income Properties REIT's Q3 RevPAR rose more than 10% yr/yr, driven by improved ADR and occupancy

* Same property NOI down 8.1% yr/yr, NOI margin down 320 bps

Outlook

* AHIP has no debt maturities until Q4 2026

* Company plans to sell more hotels to enhance liquidity

* AHIP exploring recapitalization options for Series C Shares

Result Drivers

* REVPAR INCREASE - Driven by higher ADR and occupancy, AHIP's RevPAR rose to $106 in Q3 from $95 last year

* NOI DECLINE - Same property NOI decreased by 8.1% due to higher operating expenses and hotel dispositions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $106

RevPAR

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the specialized REITs peer group is "hold"

* Wall Street's median 12-month price target for American Hotel Income Properties REIT LP is C$0.55, about 40.9% above its November 6 closing price of C$0.33

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)