1QFY2021 gross revenue increased 6.5% q-o-q to US$19.6 million.
The managers of ARA US Hospitality Trust (ARA H-Trust) has reported net property income (NPI) of US$0.4 million ($0.53 million) for the 1QFY2021 ended March, compared to a net property loss of US$1.7 million reported in the 4QFY2020 ended December.
The uplifted portfolio, according to the managers, is due to the record pace of vaccinations in the US and federal stimulus.
