Message :
Required fields
Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2021.
John Murray, President and Chief Executive Officer of SVC, made the following statement:
“The first quarter marked a continued period of transition for SVC’s hotel portfolio. We converted an additional 88 hotels to Sonesta brands and management during the first quarter, following the conversion of 112 hotels during the fourth quarter of 2020. We expect disruption to our operating results from these transitions to be short-term in nature and believe that the rebranding will benefit SVC by creating more flexibility with respect to capital investments, possibly repurposing hotels to other uses, or sales. SVC also benefits from its 34% ownership of Sonesta.
Xenia Hotels & Resorts Reports First Quarter 2021 Results
News provided by
Share this article
Share this article
ORLANDO, Fla., May 6, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter ended March 31, 2021.
First Quarter 2021 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(3.6) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.18).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the first quarter. These properties achieved RevPAR of $65.70, as a result of occupancy of 34.8% and an ADR of $188.68.
Same-Property Hotel EBITDA: Same-Property Hotel EBITDA was $95 thousand.
Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA Margin was 0.1%.
Govt further examining investment fund housing issue
Updated / Thursday, 6 May 2021
07:05
Consideration is now being given to a number of options aimed at discouraging major investors from buying new housing estates
Political Correspondent
Discussions on how to stop financial investment companies buying large sections of housing estates are likely to continue across Government departments today.
The shortage of housing was back in the political spotlight last night as both Fianna Fáil and Fine Gael politicians held party meetings.
The issue of investor funds has triggered much unease in both parties and across the entire Government amid deep political fears of rising public anger on the matter.
American Homes 4 Rent Reports First Quarter 2021 Financial and Operating Results
News provided by
Share this article
Share this article
CALABASAS, Calif., May 6, 2021 /PRNewswire/ American Homes 4 Rent (NYSE: AMH) (the Company ), a leading provider of high-quality single-family homes for rent, today announced its financial and operating results for the quarter ended March 31, 2021.
Highlights
Rents and other single-family property revenues increased 8.8% to $312.6 million for the first quarter of 2021 from $287.3 million for the first quarter of 2020.
Net income attributable to common shareholders totaled $30.2 million, or $0.09 per diluted share, for the first quarter of 2021, compared to $20.2 million, or $0.07 per diluted share, for the first quarter of 2020.
May 6, 2021
On Thursday, WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, announced the launch of the
WisdomTree Alternative Income Fund (HYIN). HYIN seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (GLACI). It carries an expense ratio of 3.20%.
Gapstow Capital Partners, a recognized alternative credit leader, has created the GLACI, which is an equal-weighted index that tracks the performance of debt and debt-based securities of approximately 35 “Publicly Traded Alternative Credit Vehicles” (PACs) that consist of Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), and Closed-End Funds (CEFs).