American Hotel Income Properties REIT LP
TSX:HOT.UN
Income Statement
Earnings Waterfall
American Hotel Income Properties REIT LP
Revenue
|
280.5m
USD
|
Cost of Revenue
|
-163.2m
USD
|
Gross Profit
|
117.3m
USD
|
Operating Expenses
|
-72.7m
USD
|
Operating Income
|
44.6m
USD
|
Other Expenses
|
-122.6m
USD
|
Net Income
|
-78m
USD
|
Income Statement
American Hotel Income Properties REIT LP
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
48
N/A
|
60
+24%
|
69
+15%
|
80
+16%
|
93
+17%
|
105
+13%
|
117
+11%
|
132
+13%
|
144
+9%
|
154
+7%
|
165
+7%
|
169
+3%
|
174
+3%
|
195
+12%
|
220
+13%
|
266
+21%
|
304
+14%
|
323
+6%
|
308
-5%
|
286
-7%
|
266
-7%
|
248
-7%
|
266
+7%
|
266
+0%
|
270
+1%
|
268
-1%
|
223
-17%
|
201
-10%
|
175
-13%
|
160
-9%
|
196
+23%
|
218
+11%
|
241
+11%
|
256
+6%
|
268
+5%
|
276
+3%
|
281
+2%
|
285
+1%
|
285
0%
|
282
-1%
|
281
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(33)
|
(42)
|
(47)
|
(54)
|
(63)
|
(73)
|
(80)
|
(90)
|
(98)
|
(104)
|
(111)
|
(114)
|
(117)
|
(131)
|
(150)
|
(181)
|
(208)
|
(225)
|
(211)
|
(197)
|
(185)
|
(172)
|
(185)
|
(187)
|
(190)
|
(181)
|
(150)
|
(127)
|
(101)
|
(89)
|
(103)
|
(113)
|
(125)
|
(136)
|
(147)
|
(155)
|
(159)
|
(162)
|
(163)
|
(162)
|
(163)
|
|
Gross Profit |
15
N/A
|
18
+22%
|
21
+18%
|
26
+21%
|
30
+17%
|
33
+10%
|
37
+13%
|
42
+13%
|
46
+9%
|
50
+10%
|
54
+8%
|
55
+2%
|
57
+2%
|
64
+13%
|
70
+11%
|
85
+20%
|
96
+13%
|
98
+3%
|
97
-1%
|
89
-8%
|
81
-9%
|
77
-5%
|
80
+4%
|
80
0%
|
80
0%
|
87
+9%
|
74
-16%
|
74
+0%
|
74
+0%
|
71
-5%
|
93
+32%
|
105
+13%
|
116
+11%
|
120
+3%
|
122
+1%
|
122
0%
|
122
+0%
|
123
+1%
|
122
-1%
|
120
-1%
|
117
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(13)
|
(14)
|
(16)
|
(17)
|
(19)
|
(20)
|
(21)
|
(24)
|
(26)
|
(28)
|
(28)
|
(29)
|
(32)
|
(35)
|
(39)
|
(47)
|
(50)
|
(47)
|
(47)
|
(44)
|
(40)
|
(43)
|
(43)
|
(43)
|
(55)
|
(64)
|
(75)
|
(86)
|
(86)
|
(88)
|
(74)
|
(74)
|
(73)
|
(74)
|
(87)
|
(86)
|
(82)
|
(76)
|
(71)
|
(73)
|
|
Selling, General & Administrative |
(10)
|
(13)
|
(14)
|
(16)
|
(17)
|
(19)
|
(20)
|
(21)
|
(24)
|
(26)
|
(28)
|
(28)
|
(29)
|
(32)
|
(35)
|
(39)
|
(47)
|
(50)
|
(47)
|
(47)
|
(44)
|
(40)
|
(43)
|
(43)
|
(43)
|
(44)
|
(43)
|
(42)
|
(42)
|
(42)
|
(44)
|
(45)
|
(46)
|
(47)
|
(49)
|
(50)
|
(51)
|
(50)
|
(51)
|
(53)
|
(53)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
(22)
|
(33)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(42)
|
(40)
|
(38)
|
(36)
|
(35)
|
(35)
|
(35)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
14
|
14
|
16
|
17
|
2
|
2
|
5
|
10
|
16
|
15
|
|
Operating Income |
5
N/A
|
5
+9%
|
7
+30%
|
10
+40%
|
13
+33%
|
14
+13%
|
18
+23%
|
21
+17%
|
22
+5%
|
24
+11%
|
26
+10%
|
27
+2%
|
28
+4%
|
32
+14%
|
36
+13%
|
46
+27%
|
49
+7%
|
49
-1%
|
50
+3%
|
42
-15%
|
38
-11%
|
37
-3%
|
37
+0%
|
36
-1%
|
37
+2%
|
32
-13%
|
9
-71%
|
(1)
N/A
|
(12)
-1 387%
|
(16)
-34%
|
6
N/A
|
31
+455%
|
42
+34%
|
47
+12%
|
48
+2%
|
34
-29%
|
36
+4%
|
41
+16%
|
46
+11%
|
49
+6%
|
45
-8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(10)
|
(12)
|
(14)
|
(17)
|
(19)
|
(19)
|
(14)
|
(14)
|
(15)
|
(21)
|
(30)
|
(32)
|
(34)
|
(33)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(39)
|
(41)
|
(43)
|
(44)
|
(41)
|
(40)
|
(39)
|
(39)
|
(37)
|
(28)
|
(26)
|
(29)
|
(28)
|
(36)
|
(39)
|
(38)
|
|
Non-Reccuring Items |
(2)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(5)
|
(6)
|
(17)
|
(16)
|
(19)
|
(18)
|
(6)
|
(5)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(8)
|
(10)
|
(14)
|
(12)
|
(8)
|
(6)
|
(11)
|
(11)
|
(8)
|
(13)
|
(39)
|
(38)
|
(41)
|
(44)
|
(82)
|
|
Gain/Loss on Disposition of Assets |
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(1)
|
(1)
|
0
|
1
|
1
|
(4)
|
(9)
|
(7)
|
(6)
|
2
|
|
Total Other Income |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(5)
|
(4)
|
(3)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
(1)
N/A
|
(1)
+14%
|
(1)
+24%
|
0
N/A
|
1
+165%
|
1
+63%
|
3
+101%
|
4
+42%
|
4
+5%
|
3
-41%
|
4
+53%
|
5
+24%
|
9
+73%
|
12
+47%
|
3
-72%
|
8
+133%
|
0
-96%
|
(1)
N/A
|
11
N/A
|
4
-58%
|
4
-2%
|
3
-23%
|
3
+2%
|
2
-44%
|
0
-84%
|
(14)
N/A
|
(43)
-212%
|
(57)
-33%
|
(72)
-27%
|
(73)
-1%
|
(48)
+33%
|
(18)
+62%
|
(11)
+41%
|
(0)
+99%
|
13
N/A
|
(3)
N/A
|
(36)
-945%
|
(34)
+5%
|
(37)
-10%
|
(40)
-8%
|
(74)
-84%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
(3)
|
(2)
|
(3)
|
(3)
|
1
|
0
|
1
|
2
|
1
|
3
|
5
|
5
|
7
|
6
|
3
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
0
|
1
|
1
|
3
|
(0)
|
|
Income from Continuing Operations |
(0)
|
(0)
|
(0)
|
1
|
2
|
3
|
4
|
5
|
6
|
5
|
6
|
7
|
9
|
13
|
4
|
9
|
(2)
|
(3)
|
8
|
1
|
5
|
4
|
5
|
4
|
2
|
(11)
|
(38)
|
(51)
|
(66)
|
(67)
|
(46)
|
(18)
|
(12)
|
(2)
|
11
|
(4)
|
(35)
|
(33)
|
(36)
|
(38)
|
(74)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
Net Income (Common) |
(0)
N/A
|
(0)
+88%
|
(0)
+25%
|
1
N/A
|
2
+119%
|
3
+21%
|
4
+69%
|
5
+16%
|
6
+15%
|
5
-20%
|
6
+24%
|
7
+21%
|
9
+36%
|
13
+41%
|
4
-68%
|
9
+119%
|
0
-99%
|
(1)
N/A
|
13
N/A
|
9
-34%
|
8
-5%
|
7
-23%
|
4
-46%
|
1
-60%
|
(7)
N/A
|
(19)
-174%
|
(46)
-139%
|
(60)
-31%
|
(66)
-11%
|
(68)
-3%
|
(48)
+30%
|
(21)
+56%
|
(16)
+27%
|
(6)
+63%
|
7
N/A
|
(8)
N/A
|
(40)
-393%
|
(37)
+6%
|
(40)
-8%
|
(42)
-4%
|
(78)
-85%
|
|
EPS (Diluted) |
-0.02
N/A
|
0
N/A
|
0
N/A
|
0.04
N/A
|
0.12
+200%
|
0.1
-17%
|
0.14
+40%
|
0.16
+14%
|
0.19
+19%
|
0.15
-21%
|
0.17
+13%
|
0.18
+6%
|
0.23
+28%
|
0.22
-4%
|
0.06
-73%
|
0.13
+117%
|
0
N/A
|
-0.01
N/A
|
0.16
N/A
|
0.11
-31%
|
0.1
-9%
|
0.08
-20%
|
0.06
-25%
|
0.01
-83%
|
-0.08
N/A
|
-0.24
-200%
|
-0.57
-138%
|
-0.76
-33%
|
-0.84
-11%
|
-0.87
-4%
|
-0.61
+30%
|
-0.25
+59%
|
-0.2
+20%
|
-0.09
+55%
|
0.08
N/A
|
-0.1
N/A
|
-0.5
-400%
|
-0.47
+6%
|
-0.45
+4%
|
-0.54
-20%
|
-0.99
-83%
|