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Procaccianti Hotel REIT, Inc. (which is referred to in this Annual Report, as context requires, as the Company, we, us, or our ) was formed on August 24, 2016, under the laws of Maryland to acquire and own a diverse portfolio of hospitality properties consisting primarily of select-service, extended-stay and compact full-service hotel properties throughout the United States. As of December 31, …
19.13% operating margin is respectable but not wide. ROIC at 6.23%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 3.0%, steady but not accelerating.
Net debt of $56M represents 11.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$32M
▲ +3.0% YoY
Net Income (TTM)
$864K
▼ -0.2% YoY
Op. Margin
17.93%
▲ +1.3pp YoY
ROIC
5.55%
▲ +1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5M
▼ -9.4% YoY
Op. Cash Flow (TTM)
$6M
▼ -8.3% YoY
Net Debt
$57M
Cash & Equiv.
$10M
5Y CAGR: +20.2%
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