ARA US Hospitality Trust’s NPI soars 66% YoY to US$41.4m in FY22
The higher NPI pushed the REIT”s DPS to US$0.03054.
ARA US Hospitality Trust (ARA H-Trust) recorded a 66% YoY higher net property income for FY22, its latest financial statement showed.
In a bourse filing, ARA H-Trust reported an NPI of US$41.4m.
Apart from higher NPI, the REIT also reported higher gross operating profit of US$57.3M (+41.6% YoY), revenue of US$169.0M (+29.3% YoY) and distributable income of US$17.5M (+767.6% YoY).
Given its higher NPI, ARA H-Trust’s distribution per stapled security also soared by 760.3% YoY to US$0.03054.