Acrophyte Hospitality Trust - DBS Research 2025-03-03: Optimising For The Future, DPU On Growth Path

• Acrophyte Hospitality Trust reported a 2H24 distribution per unit (DPU) of 0.848 US cents, bringing FY24 DPU to 1.595 US cents, surpassing our estimate despite a lower payout ratio of 90% (from 100%). See Acrophyte Hospitality Trust's distributions. However, this marked a 53.4% decline y-o-y from 3.430 US cents in FY23, primarily driven by higher finance costs (+44.1% y-o-y), rising insurance costs (+10.4% y-o-y), portfolio rebalancing with three hotel divestments, and asset enhancement initiatives (AEIs) at six properties.
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Gearing remained elevated at 41.6%

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• Nonetheless, successful refinancing activities have extended debt maturities to 2.2 years (from 1.5 years in 3QFY24), mitigating short-term liquidity risks.

Active portfolio management strategy and AEIs to enhance long-term value.

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2024-11-08 Acrophyte Hospitality Trust - Favourable Risk-Reward At This Juncture.

Price targets by other brokers at Acrophyte Hospitality Trust Target Prices.

Listing of research reports at Acrophyte Hospitality Trust Analyst Reports.

Relevant links:
Acrophyte Hospitality Trust Share Price History,
Acrophyte Hospitality Trust Announcements,
Acrophyte Hospitality Trust Dividend Payout Dates & Corporate Actions,
Acrophyte Hospitality Trust News