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American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG and Choice Hotels through license agreements. AHIP's long-term objectives are to build on its proven track record of successful investment, deliver monthly U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
American Hotel Income Properties REIT LP is a Canadian income-focused REIT owning and operating hotel properties in North America that generate cash flow from lodging and related services. Long-term growth may be supported by recovery in travel demand, active asset management and selective acquisitions or brand affiliations that could support occupancy and distributions, and the company appears positioned to offer yield-oriented exposure to the lodging sector.
Principal risks include cyclical travel demand and economic sensitivity, interest-rate and refinancing exposure, and operational or concentration risks that may pressure cash flow.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -40.06M | -35.61M | -10.73M | -72.25M | 0.89M |
| Minority interest | -4.05M | -4.05M | -3.74M | 0.00M | 0.00M |
| Net income | -42.05M | -35.11M | -11.85M | -65.77M | 2.18M |
| Selling general administrative | 19.12M | 17.86M | 18.11M | 14.73M | 14.68M |
| Gross profit | 51.32M | 51.20M | 45.83M | 3.16M | 52.19M |
| Reconciled depreciation | 34.94M | 37.95M | 43.09M | 43.42M | 38.02M |
| Ebit | - | 33.17M | 45.83M | -16.03M | 34.93M |
| Ebitda | - | 71.12M | 81.91M | 27.39M | 72.96M |
| Depreciation and amortization | - | 37.95M | 36.08M | 43.42M | 38.02M |
| Operating income | 32.20M | 33.17M | 45.83M | -16.03M | 34.93M |
| Other operating expenses | - | 248.03M | 213.59M | 186.42M | 232.03M |
| Interest expense | 34.38M | 34.77M | 36.70M | 36.90M | 31.67M |
| Tax provision | -2.54M | -0.49M | 1.12M | -6.49M | -1.29M |
| Interest income | 0.13M | 0.11M | 0.11M | 0.27M | 0.01M |
| Net interest income | -36.76M | -37.13M | -40.66M | -41.37M | -34.24M |
| Income tax expense | - | -0.49M | 1.12M | -6.49M | -1.29M |
| Total revenue | 282.45M | 281.37M | 241.31M | 174.85M | 269.55M |
| Total operating expenses | 250.25M | 17.86M | 18.11M | 14.73M | 14.68M |
| Cost of revenue | 231.13M | 230.16M | 195.48M | 171.69M | 217.35M |
| Total other income expense net | -35.51M | -68.78M | -56.56M | -56.22M | -34.05M |
| Discontinued operations | - | -0.47M | -0.02M | -0.66M | -8.57M |
| Net income from continuing ops | -37.52M | -35.11M | -11.85M | -65.77M | 2.18M |
| Net income applicable to common shares | - | -39.64M | -15.61M | -66.43M | -6.99M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1052.80M | 1150.49M | 1193.91M | 1246.33M | 1263.18M |
| Intangible assets | 4.84M | 5.69M | 6.45M | 7.20M | 10.55M |
| Other current assets | 44.61M | 45.44M | 24.70M | 33.65M | 38.48M |
| Total liab | 730.69M | 775.89M | 852.19M | 828.02M | 787.31M |
| Total stockholder equity | 278.54M | 331.03M | 341.71M | 418.31M | 475.87M |
| Other current liab | 38.76M | 31.64M | 60.95M | 0.03M | 0.32M |
| Common stock | 624.29M | 624.10M | 619.02M | 618.22M | 617.92M |
| Capital stock | 624.29M | 624.10M | 619.02M | 618.22M | 617.92M |
| Retained earnings | -346.76M | -294.12M | -278.51M | -200.68M | -143.11M |
| Other liab | 3.49M | 3.75M | 8.62M | 4.33M | 5.64M |
| Other assets | 27.86M | 32.47M | 27.76M | 12.53M | 21.19M |
| Cash | 12.95M | 14.70M | 20.15M | 17.85M | 16.64M |
| Total current liabilities | 62.88M | 101.55M | 79.89M | 61.63M | 53.69M |
| Net debt | 675.49M | 724.15M | 762.16M | 748.70M | 726.01M |
| Short term debt | 24.12M | 69.91M | 18.94M | 4.49M | 14.79M |
| Short long term debt | 23.96M | 69.39M | 13.75M | 4.25M | 12.94M |
| Short long term debt total | 688.44M | 738.85M | 782.31M | 766.55M | 742.65M |
| Other stockholder equity | 1.00M | 1.05M | 1.21M | 0.77M | - |
| Property plant equipment | 953.33M | 1045.00M | 1102.86M | 1157.30M | 1165.53M |
| Total current assets | 66.77M | 67.33M | 56.84M | 68.80M | 64.38M |
| Long term investments | - | - | - | 0.49M | 1.53M |
| Net tangible assets | 273.70M | 325.34M | 335.27M | 411.10M | 465.32M |
| Net receivables | 9.21M | 7.18M | 11.99M | 17.30M | 9.26M |
| Long term debt | 663.45M | 668.73M | 758.08M | 761.49M | 727.86M |
| Accounts payable | 34.35M | 25.83M | 60.95M | 57.12M | 38.58M |
| Non currrent assets other | 15.38M | 20.32M | 14.15M | 5.59M | 12.63M |
| Non current assets total | 986.02M | 1083.16M | 1137.07M | 1177.53M | 1198.80M |
| Capital lease obligations | 1.02M | 0.73M | 10.48M | 0.81M | 1.85M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | 18.26M | 15.30M | -18.63M | -1.96M | -35.51M |
| Change to liabilities | - | 2.61M | -16.17M | 5.16M | 4.46M |
| Total cashflows from investing activities | - | 15.30M | -18.63M | -1.96M | -35.51M |
| Net borrowings | - | -45.67M | -26.31M | 16.06M | 130.62M |
| Total cash from financing activities | -59.72M | -61.96M | -4.34M | 0.93M | 96.46M |
| Change to operating activities | - | 0.15M | 0.56M | -0.64M | -0.34M |
| Net income | -42.05M | -35.11M | -11.85M | -65.77M | 2.18M |
| Change in cash | 0.09M | -1.75M | -5.45M | 2.30M | 1.21M |
| Begin period cash flow | 17.29M | 14.70M | 20.15M | 17.85M | 16.64M |
| End period cash flow | 17.38M | 12.95M | 14.70M | 20.15M | 17.85M |
| Total cash from operating activities | 41.55M | 44.91M | 17.95M | 3.55M | 52.59M |
| Depreciation | 34.94M | 37.95M | 43.09M | 43.42M | 38.02M |
| Other cashflows from investing activities | - | -4.00M | -12.42M | 2.61M | 188.94M |
| Dividends paid | 13.01M | 11.81M | 2.97M | 12.66M | 50.67M |
| Change to account receivables | - | 2.71M | -2.20M | 5.29M | 3.58M |
| Other cashflows from financing activities | - | 45.53M | 77.48M | 27.36M | 157.21M |
| Change to netincome | - | 38.40M | 5.47M | 14.66M | 11.72M |
| Capital expenditures | 40.42M | 28.25M | 6.21M | 8.95M | 29.53M |
| Change in working capital | -0.23M | 5.48M | -17.81M | 9.80M | 7.70M |
| Stock based compensation | 1.05M | 0.36M | 1.50M | 1.86M | 0.27M |
| Other non cash items | 21.59M | 36.81M | 1.83M | 20.73M | 5.75M |
| Free cash flow | 1.14M | 16.66M | 11.74M | -5.39M | 23.06M |
Sector: Real Estate Industry: REIT - Hotel & Motel
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HOT-UN American Hotel Income Properties REIT LP |
0.03 5.66% |
0.56 | - | 16.29 | 0.24 | 0.18 | 3.42 | 33.01 |
American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG and Choice Hotels through license agreements. AHIP's long-term objectives are to build on its proven track record of successful investment, deliver monthly U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jonathan Korol | Chief Exec. Officer of American Hotel Income Properties REIT (GP) Inc. | NA |
| Mr. D. Travis Beatty | CFO & Corp. Sec. for American Hotel Income Properties REIT (GP) Inc. | NA |
| Mr. Bruce Pittet | Chief Operating Officer - American Hotel Income Properties REIT (GP) Inc. | NA |
| Mr. Edward Chang | Managing Director of Real Estate of American Hotel Income Properties REIT (GP) Inc. | NA |
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