NexPoint Hospitality Trust Announces Third Quarter 2024 Financial Results

DALLAS and TORONTO, Nov. 8, 2024 /CNW/ -- NexPoint Hospitality Trust ("NHT"1), (TSXV:NHT) announced the release of NHT's financial results for the nine months ended September 30, 2024.  All amounts are expressed in U.S. dollars.

The table below presents net income from continuing operations, Funds from Operations ("FFO") and Adjusted Funds from Operations ("AFFO").

For the Nine Months Ended

September 30, 2024

September 30, 2023

Net income

$                        8.0

$                (11.3)

FFO2

(5.0)

(5.9)

AFFO2

(11.2)

(8.7)

The table below presents Occupancy, ADR and RevPAR.

For the Nine Months Ended

September 30, 2024

September 30, 2023

Occupancy

67.7 %

69.1 %

ADR

$                146.97

$             148.59

RevPAR

$                100.29