Hotel Property Investments

ASX HPI.AX

Hotel Property Investments Interest Coverage Ratio for the year ending June 30, 2024: 2.35

Hotel Property Investments Interest Coverage Ratio is 2.35 for the year ending June 30, 2024, a -5.49% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Hotel Property Investments Interest Coverage Ratio for the year ending June 30, 2023 was 2.48, a -25.66% change year over year.
  • Hotel Property Investments Interest Coverage Ratio for the year ending June 30, 2022 was 3.34, a -9.68% change year over year.
  • Hotel Property Investments Interest Coverage Ratio for the year ending June 30, 2021 was 3.70, a 3.32% change year over year.
  • Hotel Property Investments Interest Coverage Ratio for the year ending June 30, 2020 was 3.58, a 14.47% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
Market news
SV Wall Street
ASX: HPI.AX

Hotel Property Investments

CEO Mr. John Risely White
IPO Date Dec. 9, 2013
Location Australia
Headquarters IBM Centre
Employees 10
Sector Consumer Discretionary
Industries
Bars & Pubs Hotels
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.

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StockViz Staff

February 7, 2025

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