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American Hotel Income Properties REIT

OTCPK:AHOT.F
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AHOT.F
OTCPK
CA$544M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located in the United States. The last earnings update was 12 days ago. More info.


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AHOT.F Share Price and Events
7 Day Returns
5.6%
OTCPK:AHOT.F
1.8%
US REITs
-0.7%
US Market
1 Year Returns
-17.1%
OTCPK:AHOT.F
16.3%
US REITs
3%
US Market
AHOT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
American Hotel Income Properties REIT (AHOT.F) 5.6% -0.3% -8% -17.1% -35.6% -45.5%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • AHOT.F underperformed the REITs industry which returned 16.3% over the past year.
  • AHOT.F underperformed the Market in United States of America which returned 3% over the past year.

AHOT.F Value

 Is American Hotel Income Properties REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of American Hotel Income Properties REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for American Hotel Income Properties REIT.

OTCPK:AHOT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:AHOT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 26.5%) (185.76%))
1.171
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.171 * 5.96%)
9.71%

Discounted Cash Flow Calculation for OTCPK:AHOT.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for American Hotel Income Properties REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

American Hotel Income Properties REIT is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:AHOT.F DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 9.71%)
2019 50.50 Analyst x4 46.03
2020 54.10 Analyst x4 44.95
2021 56.19 Est @ 3.85% 42.55
2022 58.16 Est @ 3.52% 40.14
2023 60.07 Est @ 3.28% 37.79
2024 61.94 Est @ 3.12% 35.52
2025 63.80 Est @ 3% 33.35
2026 65.66 Est @ 2.92% 31.28
2027 67.54 Est @ 2.86% 29.33
2028 69.45 Est @ 2.82% 27.49
Present value of next 10 years cash flows $368.42
OTCPK:AHOT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $69.45 × (1 + 2.73%) ÷ (9.71% – 2.73%)
$1,021.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,021.83 ÷ (1 + 9.71%)10
$404.42
OTCPK:AHOT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $368.42 + $404.42
$772.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $772.84 / 78.12
$13.32
OTCPK:AHOT.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:HOT.UN)
1.346
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $9.9 x 1.346
CA$13.32
Non-primary Listing Adjustment Factor 1 share in OTCPK:AHOT.F represents 0.74347x of TSX:HOT.UN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74347x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 13.32 x 0.74347
$9.91
Value per share (USD) From above. $9.91
Current discount Discount to share price of $5.18
= -1 x ($5.18 - $9.91) / $9.91
47.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price American Hotel Income Properties REIT is available for.
Intrinsic value
48%
Share price is $5.18 vs Future cash flow value of $9.91
Current Discount Checks
For American Hotel Income Properties REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • American Hotel Income Properties REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • American Hotel Income Properties REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for American Hotel Income Properties REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are American Hotel Income Properties REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AHOT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.08
TSX:HOT.UN Share Price ** TSX (2019-05-17) in CAD CA$6.97
TSX:HOT.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $5.18
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of American Hotel Income Properties REIT.

OTCPK:AHOT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:HOT.UN Share Price ÷ EPS (both in USD)

= 5.18 ÷ 0.08

62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Hotel Income Properties REIT is overvalued based on earnings compared to the US REITs industry average.
  • American Hotel Income Properties REIT is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does American Hotel Income Properties REIT's expected growth come at a high price?
Raw Data
OTCPK:AHOT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
25.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for American Hotel Income Properties REIT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on American Hotel Income Properties REIT's assets?
Raw Data
OTCPK:AHOT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.92
TSX:HOT.UN Share Price * TSX (2019-05-17) in CAD CA$6.97
TSX:HOT.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $5.18
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:AHOT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:HOT.UN Share Price ÷ Book Value per Share (both in USD)

= 5.18 ÷ 5.92

0.87x

* Primary Listing of American Hotel Income Properties REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Hotel Income Properties REIT is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess American Hotel Income Properties REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. American Hotel Income Properties REIT has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AHOT.F Future Performance

 How is American Hotel Income Properties REIT expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

  • No analysts cover American Hotel Income Properties REIT, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is American Hotel Income Properties REIT expected to grow at an attractive rate?
  • American Hotel Income Properties REIT's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • American Hotel Income Properties REIT's earnings growth is expected to exceed the United States of America market average.
  • American Hotel Income Properties REIT's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AHOT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AHOT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 25.6%
OTCPK:AHOT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:AHOT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AHOT.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 352 65 5
2019-12-31 346 60 5
OTCPK:AHOT.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 338 57 7
2018-12-31 339 61 8
2018-09-30 341 63 9
2018-06-30 344 61 13
2018-03-31 323 59 -1
2017-12-31 304 64 0
2017-09-30 266 51 9
2017-06-30 220 42 4
2017-03-31 195 35 13
2016-12-31 174 28 9
2016-09-30 169 30 7
2016-06-30 165 34 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • American Hotel Income Properties REIT's earnings are expected to grow significantly at over 20% yearly.
  • American Hotel Income Properties REIT's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:AHOT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from American Hotel Income Properties REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AHOT.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:AHOT.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.08
2018-12-31 0.11
2018-09-30 0.11
2018-06-30 0.17
2018-03-31 -0.01
2017-12-31 0.00
2017-09-30 0.15
2017-06-30 0.08
2017-03-31 0.29
2016-12-31 0.23
2016-09-30 0.19
2016-06-30 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if American Hotel Income Properties REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess American Hotel Income Properties REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
American Hotel Income Properties REIT has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AHOT.F Past Performance

  How has American Hotel Income Properties REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare American Hotel Income Properties REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • American Hotel Income Properties REIT has delivered over 20% year on year earnings growth in the past 5 years.
  • American Hotel Income Properties REIT has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • American Hotel Income Properties REIT has become profitable in the last year making it difficult to compare the US REITs industry average.
Earnings and Revenue History
American Hotel Income Properties REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from American Hotel Income Properties REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AHOT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 338.03 6.52 19.72
2018-12-31 338.56 8.35 19.77
2018-09-30 341.23 8.85 19.88
2018-06-30 343.51 13.43 19.08
2018-03-31 323.05 -0.92 17.07
2017-12-31 303.71 0.09 15.99
2017-09-30 265.83 9.10 14.36
2017-06-30 220.03 4.16 13.24
2017-03-31 195.11 13.15 12.77
2016-12-31 173.52 9.28 12.15
2016-09-30 168.93 6.83 11.82
2016-06-30 164.77 5.66 11.73
2016-03-31 154.37 4.55 11.13
2015-12-31 143.77 5.70 9.73
2015-09-30 131.86 4.96 8.97
2015-06-30 117.04 4.28 8.06
2015-03-31 105.45 2.54 7.44
2014-12-31 93.14 2.13 7.57
2014-09-30 79.79 0.96 7.65
2014-06-30 68.60 -0.02 6.95
2014-03-31 59.70 -0.04 6.28
2013-12-31 48.05 -0.32 4.86
2013-09-30 -4.92 -5.27 -2.32
2012-12-31 -1.82 0.20
2012-09-30 51.05 5.63 7.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • American Hotel Income Properties REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • American Hotel Income Properties REIT used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • American Hotel Income Properties REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess American Hotel Income Properties REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
American Hotel Income Properties REIT has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AHOT.F Health

 How is American Hotel Income Properties REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up American Hotel Income Properties REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • American Hotel Income Properties REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • American Hotel Income Properties REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of American Hotel Income Properties REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from American Hotel Income Properties REIT Company Filings, last reported 1 month ago.

OTCPK:AHOT.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 462.65 751.47 12.34
2018-12-31 475.87 742.65 16.64
2018-09-30 494.57 743.67 14.03
2018-06-30 502.71 741.32 9.25
2018-03-31 506.40 749.51 15.27
2017-12-31 517.57 739.55 11.94
2017-09-30 535.97 740.72 22.49
2017-06-30 539.51 741.96 28.06
2017-03-31 411.33 461.19 20.67
2016-12-31 401.02 368.31 81.13
2016-09-30 322.99 305.45 65.81
2016-06-30 251.80 306.85 8.19
2016-03-31 252.51 304.04 8.91
2015-12-31 259.67 302.90 13.22
2015-09-30 263.93 292.91 17.79
2015-06-30 235.92 256.69 31.05
2015-03-31 187.07 226.31 8.33
2014-12-31 191.24 222.67 11.99
2014-09-30 153.04 152.26 33.02
2014-06-30 154.94 133.93 35.73
2014-03-31 112.78 131.54 8.33
2013-12-31 116.24 106.74 29.49
2013-09-30 84.03 69.78 20.96
2012-12-31 0.35 0.00 0.19
2012-09-30 -11.34 101.92 4.25
  • American Hotel Income Properties REIT's level of debt (162.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (116.2% vs 162.4% today).
  • Debt is not well covered by operating cash flow (7.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess American Hotel Income Properties REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. American Hotel Income Properties REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AHOT.F Dividends

 What is American Hotel Income Properties REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.51%
Current annual income from American Hotel Income Properties REIT dividends. Estimated to be 12.55% next year.
If you bought $2,000 of American Hotel Income Properties REIT shares you are expected to receive $250 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • American Hotel Income Properties REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • American Hotel Income Properties REIT's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase American Hotel Income Properties REIT before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:AHOT.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AHOT.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.65 6.00
2019-12-31 0.65 7.00
OTCPK:AHOT.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.648 12.658
2019-04-15 0.648 12.611
2019-03-15 0.648 12.115
2019-02-15 0.648 11.973
2019-01-15 0.648 11.722
2018-12-14 0.648 13.384
2018-11-15 0.648 12.621
2018-10-15 0.648 10.402
2018-09-17 0.648 9.381
2018-08-16 0.648 9.304
2018-07-16 0.648 10.148
2018-06-15 0.648 10.234
2018-05-16 0.648 10.095
2018-04-16 0.648 10.210
2018-03-15 0.648 10.180
2018-02-16 0.648 9.701
2018-01-16 0.648 8.874
2017-12-18 0.648 8.766
2017-11-16 0.648 9.037
2017-10-18 0.648 8.797
2017-09-19 0.648 8.481
2017-08-17 0.648 8.847
2017-07-17 0.648 8.372
2017-06-19 0.648 8.435
2017-05-16 0.648 8.350
2017-04-17 0.648 8.234
2017-03-16 0.648 8.029
2017-02-17 0.648 8.117
2017-01-18 0.648 8.071
2016-12-19 0.648 8.309
2016-11-17 0.648 8.327
2016-10-18 0.648 8.204
2016-09-19 0.648 7.881
2016-08-15 0.648 7.730
2016-07-15 0.648 8.098
2016-06-17 0.648 8.068
2016-05-16 0.648 8.149
2016-04-18 0.648 8.093
2016-03-17 0.679 8.627
2016-02-16 0.649 8.706
2016-01-21 0.630 8.938
2015-12-18 0.615 8.717
2015-11-18 0.646 8.609
2015-10-19 0.673 8.884
2015-09-18 0.671 9.016
2015-07-21 0.677 9.045
2015-06-17 0.693 8.582
2015-05-19 0.717 8.399
2015-04-20 0.734 8.410
2015-03-17 0.705 8.189
2015-02-18 0.704 8.099
2015-01-19 0.709 8.340
2014-12-17 0.752 8.903
2014-11-17 0.773 9.037
2014-10-20 0.787 8.794
2014-09-17 0.796 8.575
2014-08-18 0.813 8.319
2014-07-21 0.820 8.534
2014-06-18 0.828 8.710
2014-05-21 0.822 8.779
2014-04-17 0.816 8.437
2014-03-17 0.801 8.633
2014-02-18 0.808 7.725
2014-01-22 0.805 8.101
2013-12-17 0.813 8.402
2013-11-21 0.841 8.621
2013-10-21 0.857 8.561
2013-09-20 0.865 8.576
2013-08-20 0.853 8.587
2013-07-19 0.864 8.322
2013-06-19 0.851 8.168
2013-05-21 0.867 8.016
2013-04-22 0.874 7.929
2013-04-02 0.877 8.332

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, American Hotel Income Properties REIT has been paying a dividend for less than 10 years.
  • American Hotel Income Properties REIT has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of American Hotel Income Properties REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess American Hotel Income Properties REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can American Hotel Income Properties REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. American Hotel Income Properties REIT has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AHOT.F Management

 What is the CEO of American Hotel Income Properties REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John O'Neill
COMPENSATION $539,075
AGE 55
TENURE AS CEO 0.6 years
CEO Bio

Mr. John Christopher O’Neill has been Chief Executive Officer of American Hotel Income Properties REIT GP Inc. since October 1, 2018. He is President and Chief Executive Officer of O’Neill Hotels & Resorts Ltd. Mr. O’Neill was a Co-Founder of American Hotel Income Properties REIT LP in 2013 and of Canadian Hotel Income Properties REIT (“CHIP REIT”) in 1997 and served on CHIP REIT’s Board of Trustees from 1999 to 2002. Mr. O’Neill has been a Director of Pure Multi-Family REIT (GP) Inc., the governing General Partner of Pure Multi-Family REIT LP since October 10, 2013. He was also a Partner with Intrawest in the ownership and management of Whistler Lodging Company. Mr. O’Neill is President of SunOne Developments Inc.; a Member of the Board of Trustees for the Fraser Institute; a former Director of the Minister’s Council on Tourism on behalf of B.C.’s Ministry of Jobs, Tourism and Innovation; and also Chair of the Collingwood School Foundation, serving a school on whose Board of Governors he used to sit. He is a past Member of the Faculty Advisory Board of the UBC Sauder School of Business, a former Member of the Tourism Whistler Board of Directors, a former BC Chapter Chair of Young President’s Organization, and a former Member of the Owners’ Advisory Council of Starwood Hotels & Resorts.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the American Hotel Income Properties REIT management team in years:

1.5
Average Tenure
  • The average tenure for the American Hotel Income Properties REIT management team is less than 2 years, this suggests a new team.
Management Team

John O'Neill

TITLE
Chief Executive Officer of American Hotel Income Properties REIT GP Inc.
COMPENSATION
$539K
AGE
55
TENURE
0.6 yrs

Azim Lalani

TITLE
CFO & Corporate Secretary of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$447K
TENURE
5.1 yrs

Bruce Pittet

TITLE
Senior VP of Asset Management & COO

Chris Cameron

TITLE
Chief Investment Officer
TENURE
0.3 yrs

Jamie Kokoska

TITLE
Directorof Investor Relations - American Hotel Income Properties REIT GP Inc
TENURE
2.3 yrs

Pankaj Maharjan

TITLE
Managing Director of Asset Management - American Hotel Income Properties Reit GP Inc
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the American Hotel Income Properties REIT board of directors in years:

4.9
Average Tenure
64.5
Average Age
  • The tenure for the American Hotel Income Properties REIT board of directors is about average.
Board of Directors

W. Murphy

TITLE
Chairman of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$114K
AGE
72
TENURE
6.6 yrs

Tamara Lawson

TITLE
Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$119K
AGE
60
TENURE
6.4 yrs

Beth Walters

TITLE
Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$100K
AGE
65
TENURE
3.3 yrs

Rick Frank

TITLE
Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$145K
AGE
63
TENURE
3.3 yrs

Chuck van der Lee

TITLE
Lead Independent Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$135K
AGE
65
TENURE
1.3 yrs

Rob O'Neill

TITLE
Director of American Hotel Income Properties Reit GP Inc.
COMPENSATION
$1M
AGE
68
TENURE
6.7 yrs

Steve Evans

TITLE
Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$71K
AGE
54
TENURE
6.6 yrs

Minaz Abji

TITLE
Director of American Hotel Income Properties REIT (GP) Inc.
COMPENSATION
$82K
AGE
64
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by American Hotel Income Properties REIT insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Mar 19 Buy Stephen Evans Individual 27. Feb 19 27. Feb 19 100 $7.43 $743
02. Jan 19 Buy John O'neill & Associates Ltd. Company 31. Dec 18 31. Dec 18 100,000 $6.36 $635,620
27. Dec 18 Buy W. Murphy Individual 27. Dec 18 27. Dec 18 3,000 $6.22 $18,632
25. Dec 18 Buy Anne Yu Individual 21. Dec 18 21. Dec 18 4,500 $6.05 $27,216
25. Dec 18 Buy Robert O'Neill Individual 24. Dec 18 24. Dec 18 70,900 $5.95 $421,990
21. Dec 18 Buy Robert O'Neill Individual 21. Dec 18 21. Dec 18 100,000 $6.07 $607,130
20. Dec 18 Buy John O'Neill Individual 20. Dec 18 20. Dec 18 25,000 $6.15 $153,750
20. Dec 18 Buy Bigwood Investments Ltd Company 20. Dec 18 20. Dec 18 37,200 $6.22 $231,302
20. Dec 18 Buy Robert O'Neill Individual 20. Dec 18 20. Dec 18 50,000 $6.19 $309,700
19. Dec 18 Buy Bigwood Investments Ltd Company 19. Dec 18 19. Dec 18 27,800 $6.25 $173,747
18. Dec 18 Buy Bigwood Investments Ltd Company 18. Dec 18 18. Dec 18 7,700 $6.25 $48,125
18. Dec 18 Buy Charles van der Lee Individual 07. Dec 18 07. Dec 18 5,000 $6.62 $33,100
17. Dec 18 Buy Bigwood Investments Ltd Company 10. Dec 18 10. Dec 18 22,900 $6.20 $141,996
17. Dec 18 Buy Robert O'Neill Individual 17. Dec 18 17. Dec 18 41,393 $6.24 $258,416
17. Dec 18 Buy W. Murphy Individual 10. Dec 18 14. Dec 18 2,500 $6.61 $16,375
14. Dec 18 Buy Robert O'Neill Individual 14. Dec 18 14. Dec 18 67,900 $6.29 $427,363
14. Dec 18 Buy Tamara Lawson Individual 13. Dec 18 13. Dec 18 5,000 $6.39 $31,863
14. Dec 18 Buy W. Murphy Individual 14. Dec 18 14. Dec 18 500 $6.48 $3,239
12. Dec 18 Buy Martin Pinsker Individual 30. Nov 18 30. Nov 18 1,575 $6.56 $10,321
11. Dec 18 Buy Richard Frank Individual 10. Dec 18 10. Dec 18 5,000 $6.62 $33,094
10. Dec 18 Buy Elizabeth Walters Individual 07. Dec 18 07. Dec 18 500 $6.64 $3,318
10. Dec 18 Buy W. Murphy Individual 29. Nov 18 29. Nov 18 500 $6.97 $3,487
07. Dec 18 Buy John O'Neill Individual 06. Dec 18 06. Dec 18 25,000 $6.58 $164,525
29. Nov 18 Buy Bigwood Investments Ltd Company 29. Nov 18 29. Nov 18 23,000 $6.75 $155,172
30. Nov 18 Buy John O'Neill Individual 30. Nov 18 30. Nov 18 25,000 $6.67 $166,625
30. Nov 18 Buy Stephen Evans Individual 28. Nov 18 30. Nov 18 25,545 $6.83 $167,197
27. Nov 18 Buy Bigwood Investments Ltd Company 27. Nov 18 27. Nov 18 77,000 $6.94 $534,757
21. Nov 18 Buy John O'Neill Individual 20. Nov 18 20. Nov 18 32,000 $7.25 $231,097
23. Nov 18 Buy John O'Neill Individual 23. Nov 18 23. Nov 18 18,000 $7.24 $129,573
22. Nov 18 Buy Ian McAuley Individual 20. Nov 18 20. Nov 18 1,400 $7.19 $10,066
20. Nov 18 Buy Bigwood Investments Ltd Company 20. Nov 18 20. Nov 18 30,000 $7.12 $213,450
18. Nov 18 Buy Elizabeth Walters Individual 16. Nov 18 16. Nov 18 1,350 $7.45 $10,058
15. Nov 18 Buy Elizabeth Walters Individual 14. Nov 18 14. Nov 18 3,000 $7.60 $22,800
14. Nov 18 Buy John O'Neill Individual 14. Nov 18 14. Nov 18 25,000 $7.65 $189,671
13. Nov 18 Buy Elizabeth Walters Individual 09. Nov 18 09. Nov 18 1,500 $7.70 $11,550
13. Nov 18 Buy John O'Neill Individual 09. Nov 18 09. Nov 18 75,000 $7.80 $578,801
12. Nov 18 Buy Bigwood Investments Ltd Company 12. Nov 18 12. Nov 18 25,000 $7.72 $193,000
19. Sep 18 Sell Anne Yu Individual 14. Sep 18 14. Sep 18 -5,928 $9.13 $-54,123
17. Aug 18 Buy Bigwood Investments Ltd Company 17. Aug 18 17. Aug 18 5,000 $8.93 $44,650
29. Jun 18 Buy Bigwood Investments Ltd Company 29. Jun 18 29. Jun 18 5,000 $8.35 $41,750
21. Jun 18 Buy Bigwood Investments Ltd Company 21. Jun 18 21. Jun 18 12,000 $8.34 $100,103
31. May 18 Buy Bigwood Investments Ltd Company 30. May 18 30. May 18 9,000 $8.36 $75,240
30. May 18 Buy Bigwood Investments Ltd Company 29. May 18 29. May 18 2,500 $8.40 $21,000
27. May 18 Buy Bigwood Investments Ltd Company 25. May 18 25. May 18 13,400 $8.37 $112,158
27. May 18 Buy Minaz Abji Individual 21. May 18 21. May 18 4,000 $8.00 $32,010
X
Management checks
We assess American Hotel Income Properties REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. American Hotel Income Properties REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AHOT.F News

Simply Wall St News

AHOT.F Company Info

Description

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG, Wyndham and Choice Hotels through license agreements. The company's long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio.

Details
Name: American Hotel Income Properties REIT LP
AHOT.F
Exchange: OTCPK
Founded: 2012
CA$404,543,866
78,119,336
Website: http://www.ahipreit.com
Address: American Hotel Income Properties REIT LP
925 West Georgia Street,
Suite 800,
Vancouver,
British Columbia, V6C 3L2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX HOT.UN Common Units The Toronto Stock Exchange CA CAD 21. Feb 2013
OTCPK AHOT.F Common Units Pink Sheets LLC US USD 21. Feb 2013
Number of employees
Current staff
Staff numbers
0
American Hotel Income Properties REIT employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:58
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.