ARA US Hospitality Trust Reports Unaudited Consolidated Earnings Results for the Second Half and Full Year Ended December 31, 2020
February 23, 2021 at 06:33 pm EST
ARA US Hospitality Trust reported unaudited consolidated earnings results for the second half and full year ended December 31, 2020. For the second half, the company reported gross revenue was $38,816,000 against $86,129,000 a year ago. Gross operating profit was $6,856,000 against $30,743,000 a year ago. Net property loss was $3,028,000 against net property income of $22,736,000 a year ago. Net loss after tax was $72,304,000 or 12.74 cents per basic share against income of $6,461,000 or 1.14 cents per basic share a year ago.
For the full year, the company reported gross revenue was $78,161,000 against $114,952,000 a year ago. Gross operating profit was $12,697,000 against $43,092,000 a year ago. Net property loss was $5,046,000 against income of $32,598,000 a year ago. Net loss after tax was $94,465,000 or 16.65 cents per basic share against income of $10,703,000 or 1.89 cents per basic share a year ago.