Apex Trader Funding - News
NexPoint Hospitality Trust Announces Fiscal Year 2023 Financial Results, Update on Sale of DoubleTree Portfolio and HIX Nashville Portfolio
DALLAS and TORONTO, May 1, 2024 /CNW/ -- NexPoint Hospitality Trust ("NHT"1), (TSXV:NHT) announced the release of NHT's financial results for the year ended December 31, 2023. All amounts are expressed in U.S. dollars.
The table below presents net income from continuing operations, Funds from Operations ("FFO") and Adjusted Funds from Operations ("AFFO").
For the Year Ended
December 31, 2023
December 31, 2022
Net income
$ (16.9)
$ 5.5
FFO2
0.2
16.5
AFFO2
(1.9)
12.9
The table below presents Occupancy, ADR and RevPAR.
For the Year Ended
December 31,2023
December 31,2022
Occupancy
67.4 %
67.0 %
ADR
$ 143.10
$ 136.42
RevPAR
$ 96.00
$ 90.85
Additional information on 2023 financial and operational results can be found at www.sedarplus.ca in our 2023 audited consolidated financial statements and management discussion and analysis ("MD&A").
DoubleTree Portfolio
On March 8, 2022, the REIT began the marketing process to sell its DoubleTree Portfolio (the "DT Portfolio"). As of December 31, 2023, the REIT has sold the Beaverton, ...