Hyatt Place Omaha Downtown. (Photo: ARA US Hospitality Trust)

Data from ARA US Hospitality Trust’s latest disclosure has been incorporated into the Singapore REITs table.

ARA US Hospitality Trust (ARA H-Trust) that its average RevPAR for 3Q 2021 was at USD80, an improvement of 23.1% quarter-on-quarter.

The trust’s portfolio occupancy has improved in tandem, improving to 65.3% from 60.1% over the same period.

As a result, the trust’s gross revenue and net property income increased by 23.4% and 5.7% to USD41.1 million and USD9.2 million respectively.

The trust expects to see further recovery at all its properties given leisure demand and the return of corporate travel, it disclosed on 3 November.

ARA H-Trust was last done on the SGX at USD0.52, which presently implies a distribution yield of 2.88% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.