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An announcement from Hotel Property Investments Ltd. ( (AU:HPI) ) is now available.
Hotel Property Investments Ltd. reported a statutory profit of $16.7 million for the first half of FY25, with rental income rising by 1.6% due to contracted rent increases. The company declared a final distribution of 3.3 cents per stapled security for the two months ending December 2024. HPI’s portfolio was valued at $1,223.7 million, reflecting an average capitalization rate of 5.61%. The company completed refinancing of its debt facilities, increasing its debt capacity and extending its maturity profile. Additionally, HPI’s board recommended acceptance of an acquisition offer from Charter Hall and Hostplus, with the bidders acquiring 76.75% of HPI securities by early February 2025.
More about Hotel Property Investments Ltd.
Hotel Property Investments Ltd. (HPI) operates in the real estate investment sector, focusing on leasing properties to pub operators across Australia. The company prioritizes generating stable rental income and managing a portfolio of investment properties.
YTD Price Performance: -0.27%
Average Trading Volume: 569,015
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$734.2M
For an in-depth examination of HPI stock, go to TipRanks’ Stock Analysis page.
