Hotel Property Investments Ltd

  • IPO date:
  • Sector: Real Estate
  • GIC Group: Equity Real Estate Investment Trusts (REITs)
  • Industry: REIT-Diversified
  • Company website

Company description

HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company ("QVC"), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality (ALH), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders. Approximately 93% of the income is earned from the pubs leased to QVC and ALH. The remaining rental income is derived from Speciality Tenants leasing the On-site Specialty Stores. Specialty Tenants include a mix of franchisors and franchisees including 7-Eleven, Nightowl, Nando's, Subway, Noodle Box, The Good Guys and Quest Apartments. The Responsible Entity of the Trust is Hotel Property Investments Limited.

Financial highlights

Market Capitalization$538.6881 million
P/E Ratio151.89
P/E Growth Ratio
Book Value4.213
Dividend Per Share0.186
Earnings Per Share0.02
EBITDA62,446
Profit Margin0.0451
Operating Margin TTM0.7807
Return on Assets TTM0.0303
Return on Equity TTM0.0045
Revenue TTM79,800

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2013-06-30 86,878
2014-06-30 50,948 10,522 40,426 13,156
2015-06-30 40,881 8,527 32,354 1,598
2016-06-30 43,749 8,356 35,393 2,605
2017-06-30 44,659 6,589 38,070 3,249
2018-06-30 46,117 6,687 39,430 3,193
2019-06-30 46,847 7,293 39,554 3,865
2020-06-30 54,097 7,275 46,822 4,291
2021-06-30 60,142 9,481 50,661 4,591
2022-06-30 73,974 11,227 62,747 5,501
2023-06-30 79,835 12,595 67,240 5,011

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2013-06-30 2,500 486,100 233,000 409,106 532,800
2014-06-30 3,335 501,591 240,635 226,337 226,337 413,222
2015-06-30 4,562 570,067 268,109 253,247 250,201 262,640
2016-06-30 2,269 599,847 266,435 249,950 245,965 262,640
2017-06-30 1,135 662,221 275,021 255,969 254,834 262,640
2018-06-30 1,240 702,455 295,727 0 275,644 262,640
2019-06-30 586 710,125 283,218 0 263,234 262,640
2020-06-30 1,080 791,732 319,736 98 298,709 297,178
2021-06-30 539 961,012 385,999 91 361,297 349,107
2022-06-30 837 1,305,341 495,368 100 464,233 412,027
2023-06-30 972 1,265,694 485,518 107 455,002 414,587

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2014-06-30 59,300 22,606 -12,410 15,745 3,335 12,901
2015-06-30 35,435 24,593 1,227 3,335 4,562 23,235
2016-06-30 60,128 27,410 -2,293 4,562 2,269 25,422
2017-06-30 98,899 38,987 -1,134 2,269 1,135 46,009
2018-06-30 48,387 42,075 105 1,135 1,240 28,760
2019-06-30 49,238 41,048 -654 1,240 586 28,604
2020-06-30 40,943 40,016 494 586 1,080 24,401
2021-06-30 84,720 43,426 -541 1,080 539 26,730
2022-06-30 211,446 211,592 298 539 837 31,005
2023-06-30 3,590 62,599 135 837 972 35,193