Procaccianti Hotel REIT Q2 FY26 net income falls 30.13% to $987,555; revenue drops 5.74% to $8.9 million

Reuters2026/08/12 17:35

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Procaccianti Hotel REIT posted net income of $987,555 for the quarter ended June 30, 2026, down 30.12% year over year.
Revenue fell 5.74% to $7.62 million on lower ADR and occupancy across the portfolio.
Interest expense, net climbed 6.88% to $1.07 million, attributed to refinancing the HGI Note at higher rates.
For the six months ended June 30, net results swung to a loss of $823,192 from profit a year earlier as revenue dropped 9% to $12.1 million.
Board authorized a one-year renewal of the advisory agreement with Procaccianti Hotel Advisors starting Aug. 2, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procaccianti Hotel REIT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-094721), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Procaccianti Hotel REIT Q2 FY26 net income falls 30.13% to $987,555; revenue drops 5.74% to $8.9 million

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