Brief: ARA Us Hospitality Trust Says 1H 2021 Net Property Income US$9.1 Mln

Acrophyte Hospitality Trust

05/08/2021 24:58

Aug 5 (Reuters) - ARA US Hospitality Trust  ARAU.SI :
    * 1H 2021 NET PROPERTY INCOME OF US$9.1 MILLION VERSUS
US$2.0
MILLION LOSS
    * ARA H-TRUST RECORDED A NIL DISTRIBUTABLE INCOME IN 1H 2021
    * IN 1H, ARA H-TRUST GROSS REVENUE  OF US$52.8  MILLION, UP
34.4%
    * ANTICIPATED THAT U.S. HOSPITALITY MARKET WILL FURTHER
STRENGTHEN
& REBOUND CLOSER TO PRE-PANDEMIC LEVELS IN MONTHS AHEAD
    * THERE HAVE BEEN EMERGING SIGNS OF RETURN IN BUSINESS
TRAVEL
DEMAND

Source text for Eikon:  ID:nSN6syWd3 
Further company coverage:  ARAU.SI 

 ((Reuters.Briefs@thomsonreuters.com;))