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NexPoint Hospitality Trust Announces Second Quarter 2024 Financial Results
DALLAS and TORONTO, Aug. 2, 2024 /CNW/ -- NexPoint Hospitality Trust ("NHT"1), (TSXV:NHT) announced the release of NHT's financial results for the six months ended June 30, 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 Six Months Ended
June 30, 2024
June 30, 2023
Net income
$ 8.3
$ (7.8)
FFO2
(3.9)
(4.2)
AFFO2
(11.5)
(7.1)
The table below presents Occupancy, ADR and RevPAR.
For the Six Months Ended
June 30, 2024
June 30, 2023
Occupancy
69.2 %
70.8 %
ADR
$ 158.00
$ 158.83
RevPAR
$ 110.25
$ 111.56