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NexPoint Hospitality Trust Announces First Quarter 2024 Financial Results
DALLAS and TORONTO, May 29, 2024 /CNW/ -- NexPoint Hospitality Trust ("NHT"1), (TSXV:NHT) announced the release of NHT's financial results for the three months ended March 31, 2024. 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 Three Months Ended
March 31, 2024
March 31, 2023
Net income
$ (4.1)
$ (3.7)
FFO2
(2.3)
(2.0)
AFFO2
(5.5)
(5.0)
The table below presents Occupancy, ADR and RevPAR.
For the Three Months Ended
March 31, 2024
March 31, 2023
Occupancy
71.5 %
65.4 %
ADR
$ 163.71
$ 135.86
RevPAR
$ 121.66