Financial Results Announcement: NexPoint Hospitality Trust Releases Q1 2024 Financial Results

NexPoint Hospitality Trust (“NHT”) has recently released its financial results for the three months ended March 31, 2024. The results, expressed in U.S. dollars, show a net income of ($4.1), Funds from Operations (FFO) of ($2.3), and Adjusted Funds from Operations (AFFO) of ($5.5). Additionally, the Occupancy rate was reported at 71.5%, Average Daily Rate (ADR) at $163.71, and Revenue per Available Room (RevPAR) at $121.66.

NHT, a publicly traded real estate investment trust listed on the TSX Venture Exchange, focuses on acquiring and operating well-located real estate assets, primarily hospitality properties in the United States. The trust owns 7 branded properties sponsored by Marriott, Hilton, and Hyatt, with a strategic approach to increasing asset value through various means.

For more detailed financial and operational results, interested parties can refer to NHT’s 2024 interim consolidated financial statements and management discussion and analysis (“MD&A”) available on www.sedarplus.ca. The trust’s performance is further explained through non-IFRS financial measures like FFO and AFFO, which provide valuable insights for investors.

Overall, NexPoint Hospitality Trust continues to navigate the real estate market with a focus on maximizing returns for its stakeholders. For further inquiries, investors can reach out to [email protected], while media inquiries can be directed to [email protected] or by calling 1416-7137-2044.
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