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Inside the Market’s roundup of some of today’s key analyst actions
Pointing to the recent outperformance of its shares, Scotia Capital analyst Konark Gupta lowered his rating for
Air Canada (AC-T) to “sector perform” from “sector outperform” on Friday.
“The shares are over 30 per cent year-to-date likely on recovery hopes, outperforming the rest of our coverage by 17 points and TSX by 22 points,” he said. “While the stock could have further upside potential in the long term from full recovery in air travel and strong FCF generation, we note at current levels the market is already largely pricing in our base case projections to 2023 (discounted back) as well as a scenario where EBITDA fully recov
American Hotel Income Properties REIT LP Reports Fourth Quarter and Full Year 2020 Results
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Q4 2020 occupancy of 51.4%, RevPAR of $47.25, and revenues of $39.4 million
Q4 2020 diluted FFO per unit of ($0.07)
Occupancy levels improved significantly in February, to 59.9%; Upward trend in Occupancy has continued into March
$50 million strategic Preferred Equity investment, closed January 28, 2021, reduced leverage and enhanced liquidity
Amended credit facility provides waiver of covenants through December 31, 2021
(All numbers are in U.S. dollars unless otherwise indicated)
VANCOUVER, BC, March 10, 2021 /PRNewswire/ - American Hotel Income Properties REIT LP (
AHIP , or the
Company ) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced today its financial results for the three months and year ended December 31, 2020.
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Preference for bonds was high before because the low-risk, fixed-income instrument offered healthy returns. In a low-interest-rate environment, most yield-hungry investors would instead flock to real estate investment trusts (REITs). The potential returns are medium to high, although there’s price volatility.
Recent developments in the bond market, however, could diminish interest in REITs once more. Increasing bond yields could impact the high-yield sector. Most of these property owners rely on external debt to buy new rental properties. But if interest rates rise, it would be difficult for REITs to achieve profitable growth, much more sustain dividend payments.
American Hotel Income Properties REIT LP Announces US$50 Million Strategic Investment by BentallGreenOak and Highgate & Amendments to its Corporate Credit Facility
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Enhances AHIP s liquidity, reduces leverage and positions Company for growth opportunities
Extension of waivers and covenants on corporate credit facility
All amounts in U.S. dollars unless otherwise noted
VANCOUVER, BC, Jan. 28, 2021 /PRNewswire/ - American Hotel Income Properties REIT LP (
AHIP or the
Company ) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that BentallGreenOak Real Estate Advisors LP (
BentallGreenOak ) and Highgate Capital Investments, LP (
Highgate ) through HCI-BGO Victoria JV LP (the
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