Hotel Property Investments Ltd. (AU:HPI) has released an update.
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Hotel Property Investments Ltd. has announced an expected distribution of 3.3 cents per stapled security for the two months ending December 2024, resulting in a total distribution of 9.8 cents for the half-year, marking a 3.2% increase compared to the previous year. The company’s portfolio valuation has seen a modest increase, with a total value of approximately $1,259 million as of December 2024. Despite a takeover offer from Charter Hall and Hostplus, HPI’s directors believe the offer undervalues its unique pub portfolio and business outlook.
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