Australia's Hotel Property Investments falls on HY loss

Hotel Property Investments

17/02/2023 03:01

** Shares of Hotel Property Investments  HPI.AX  fall as
much as 2.7% to A$3.570, their biggest intraday pct loss since
Jan 31
    ** Real estate investment trust posts loss after tax of
A$7.9 mln ($5.42 mln) for the six months ended Dec. 31 vs profit
of A$120.2 mln a year ago
    ** HY revenue up 13% at A$40 mln
    ** Declares HY distribution of 9.2 AU cents per stapled
security 
    ** Reaffirms distribution guidance of 18.4 AU cents per
security for FY23
    ** Stock has risen 3.1% this year, as of last close
($1 = 1.4588 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))