HOT.un recently posted quarterly earnings with diluted funds from operations (FFO) per unit rising from $0.18 in the second quarter of 2022 to $0.19 in the recent quarter. Revenue per available room increased by 7.7% and the growth in average daily rate came in at 6.4%. Occupancy rose from 72.8% to 73.8%. Normalized net operating income declined marginally. Margins continue to trend downwards. We do not see a real compelling reason to hold at the moment. Its small size, and economic sensitivity are of course risks, and it is not cheap considering its weak growth and high debt.
5i Research Answer: