Hotel Property Investments Ltd. (AU:HPI) has released an update.
Hotel Property Investments Ltd. reported a substantial increase in profit of around 900% for the financial year ending June 2024, driven by a significant decrease in fair value losses of its investment property portfolio and a 2.98% rise in rent revenue from asset acquisitions and rent reviews. The company also resumed its distribution reinvestment plan for the final distribution after a halt, with final and interim trust distributions showing slight increases.
For further insights into AU:HPI stock, check out TipRanks’ Stock Analysis page.
