DALLAS and TORONTO, Aug. 27,
2021 /CNW/ -- NexPoint Hospitality Trust
("NHT"1), (TSX-V: NHT.U) announced today the release of
NHT's financial results for the three and six months ended
June 30, 2021. All amounts are
expressed in U.S. dollars.
The table below presents Net Income (Loss), FFO and AFFO.
|
For the Three
Months Ended
|
|
For the Six Months
Ended
|
|
June 30,
2021
|
|
June 30,
2020
|
|
Change
|
|
June 30,
2021
|
|
June 30,
2020
|
|
Change
|
|
Net Income
(Loss)
|
$
(5.4)
|
|
$
(13.4)
|
|
59.7%
|
|
$
8.2
|
|
$
(65.4)
|
|
112.5%
|
|
FFO²
|
(3.5)
|
|
(4.7)
|
|
25.5%
|
|
(11.6)
|
|
(7.3)
|
|
-58.9%
|
|
AFFO²
|
(2.8)
|
|
(4.6)
|
|
39.1%
|
|
(10.2)
|
|
(7.3)
|
|
-39.7%
|
The table below presents Occupancy, ADR and RevPAR.
|
For the Three
Months Ended
|
|
For the Six Months
Ended
|
|
June 30,
2021
|
|
June 30,
2020
|
|
Change
|
|
June 30,
2021
|
|
June 30,
2020
|
|
Change
|
|
Occupancy
|
66.4%
|
|
22.2%
|
|
66.6%
|
|
59.2%
|
|
41.6%
|
|
29.8%
|
|
ADR
|
$
121.02
|
|
$
95.64
|
|
21.0%
|
|
$
106.47
|
|
$
125.75
|
|
-18.1%
|
|
RevPAR
|
$
81.91
|
|
$
21.69
|
|
73.5%
|
|
$
65.32
|
|
$
53.55
|
|
18.0%
|
Additional information on second quarter 2021 financial and
operational results can be found at www.sedar.com in our
second quarter 2021 unaudited consolidated interim financial
statements and management discussion and analysis ("MD&A").
About NHT
NexPoint Hospitality Trust is a publicly
traded real estate investment trust, with its Units listed on the
TSX Venture Exchange under the ticker NHT.U. and NHT is focused on
acquiring, owning and operating well-located hospitality properties
in the United States that offer a
high current yield and in many cases are underperforming assets
with the potential to increase in value through investments in
capital improvements, a market-based recovery, brand repositioning,
revenue enhancements, operational improvements, expense
inefficiencies, and exploiting excess land or underutilized space.
NHT owns 11 branded properties sponsored by Marriott, Hilton and
Intercontinental Hotels Group, located across the U.S. NHT is
externally advised by NexPoint Real Estate Advisors VI, L.P.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Jackie
Graham
Investor Relations
JGraham@nexpoint.com
Chief Financial Officer
Brian Mitts
BMitts@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
1 In this release, "we," "us," "our," and "NHT" each
refer to NexPoint Hospitality Trust.
2 FFO, Core FFO and AFFO are non-IFRS measures. See
"Non-IFRS Financial Measures" in our MD&A for definitions of
each of these measures and a reconciliation of these measures to
Net Income.
SOURCE NexPoint Hospitality Trust