American Hotel Income Properties REIT reports Q1 2026 results with mixed performance. Same property average daily rate increased 2.2% to $142, while revenue declined 25.2% to $36.4 million compared to the prior year period. Occupancy fell 30 basis points to 68.7%, pressuring profitability as same property net operating income decreased 13.1% to $8.7 million. The REIT's available liquidity contracted significantly to $28.6 million from $51.5 million at year-end, following a $25 million redemption of Series C shares in March. Management initiated a strategic review to maximize unitholder value, with potential hotel sales planned to strengthen the balance sheet and reduce leverage ahead of fourth quarter debt maturities.
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