Australia's Hotel Property Investments climbs on strong interim profit

Hotel Property Investments

17/02/2022 24:55

** Shares of Hotel Property Investments  HPI.AX  rise as
much as 2.3% to A$3.560, their biggest intraday percentage gain
since Feb 8 
    ** The real estate investment trust posts a profit
attributable of A$120.1 mln ($86.50 mln), compared with A$29.9
mln reported last year  urn:newsml:reuters.com:*:nASX6HjPFl
    ** Adds that revenue for the first half rose 22.9% to A$35.4
mln and declared an interim distribution of 10.2 Australian
cents per security (CPS) 
    ** Re-affirms outlook for FY22 distribution of 20.5
Australian CPS 
    ** Stock on track for a second straight session of gains 
    ** Stock down ~7% this year, as of last close 

    ($1 = 1.3885 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))