Sector: Real Estate | Industry: Specialized REITs |
Company Contact | |
Address: | 333 Bay Street, Suite 3400 TORONTO ON M5H 2S7 |
Tel: | N/A |
Website: | www.nexpointhospitality.com |
IR: | See website |
Key People | ||
James David Dondero Chairman of the Board of Trustees, Chief Executive Officer | Brian D. Mitts Chief Financial Officer | Jesse Blair Executive Vice President, Head - Lodging |
Matthew Ryan Mcgraner Chief Investment Officer | Paul Richards Vice President - Asset Management |
Business Overview |
NexPoint Hospitality Trust is a real estate investment trust. The Company is focused on acquiring, owning and operating hospitality properties in the United States. Its objective is to provide unitholders with an opportunity to invest in a portfolio of extended-stay, select-service and efficient full-service hotels located in attractive United States markets. It owns 10 branded properties sponsored by Marriott, Hilton, Hyatt, and Intercontinental Hotels Group, located across the United States. The Company's properties are operated under franchise agreements with franchisors. Its franchised properties include Dallas Hilton Garden Inn, Addison HomeWood Suites, Plano HomeWood Suites, Las Colinas HomeWood Suite, Olympia DoubleTree, Tigard DoubleTree, St. Petersburg Marriott, Nashville Holiday Inn Express, Hyatt Place Park City and Bradenton Hampton Inn & Suites. The Company is externally advised by NexPoint Real Estate Advisors VI, L.P. |
Financial Overview |
For the nine months ended 30 September 2023, NexPoint Hospitality Trust revenues increased 18% to $50.9M. Net loss before extraordinary items increased from $2.8M to $8.4M. Revenues reflect owning and operating hotel properties segment increase of 1% to $50.9M. Higher net loss reflects owning and operating hotel properties segment income decrease of 2% to $14.6M. |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $276.42M as of Sep 30, 2023 |
Annual revenue (TTM): | $66.82M as of Sep 30, 2023 |
EBITDA (TTM): | $24.28M as of Sep 30, 2023 |
Net annual income (TTM): | -$4.73M as of Sep 30, 2023 |
Free cash flow (TTM): | $50.81M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $204.53M as of Sep 30, 2023 |
Shares outstanding: | 29,352,055 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |