American Hotel Income Properties REIT (TSE:HOT.UN) Announces Quarterly Earnings Results

American Hotel Income Properties REIT (TSE:HOT.UN) posted its earnings results on Tuesday. The company reported C($0.27) earnings per share for the quarter, reports. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. The company had revenue of C$52.59 million for the quarter.

Here are the key takeaways from American Hotel Income Properties REIT’s conference call:

• AHIP accelerated asset sales and refinancings in 2025, disposing of 18 hotels for $161 million (35 assets, $334M since 2024) and has 8 properties under contract for ~$137 million expected to close in H1 2026, with proceeds used to pay down CMBS and portfolio debt.
• Liquidity tightened after redeeming $25 million of Series C preferred shares (unrestricted cash ~ $12M as of Mar 24, 2026), while the remaining $25M of Series C and 6% debentures due Dec 31, 2026 create a near-term financing need.
• Operating performance was pressured: same-store revenue was flat, portfolio RevPAR roughly flat at $101, but NOI margin fell ~313 bps for the year (Q4 down 565 bps) and normalized diluted FFO was $0.00 for 2025 and ‑$0.07 for the quarter.
• The U.S. subsidiary no longer qualifies as a REIT and is treated as a taxable C corporation, which management says provides flexibility to pursue asset-sale strategies and other alternatives to maximize value.
• Management repurchased the maximum under the 2025 NCIB (≈7.5M units at CAD 0.43) and launched a new NCIB for up to 6.8M units, signaling belief that AHIP’s units trade below underlying asset value.

American Hotel Income Properties REIT Stock Performance

Shares of TSE HOT.UN opened at C$0.48 on Thursday. The business’s 50-day simple moving average is C$0.47 and its 200-day simple moving average is C$0.42. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. American Hotel Income Properties REIT has a 52 week low of C$0.26 and a 52 week high of C$0.63. The firm has a market cap of C$34.19 million, a price-to-earnings ratio of -0.41 and a beta of -0.97.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.