Quarterly ResultAug 12, 2026, 01:41 PM
PROCACCIANTI HOTEL REIT YTD Net Loss $(1.12M); Q2 Revenue Down
AI Summary
PROCACCIANTI HOTEL REIT reported a net loss attributable to common stockholders of $(1.12) million for the six months ended June 30, 2026, a significant decline from a $7,273 profit in the prior year period. Total revenues for the second quarter decreased to $8.90 million from $9.17 million year-over-year, and year-to-date revenues also saw a decline. The company also refinanced several mortgage notes, including the St. Petersburg, Wilmington, TCI, and HGI Notes, with some interest rate adjustments.
Key Highlights
- Q2 2026 total revenues decreased to $8,899,581 from $9,172,720 in Q2 2025.
- YTD 2026 total revenues decreased to $14,051,294 from $15,019,694 in YTD 2025.
- Q2 2026 net income attributable to common stockholders was $735,299, down from $1,193,593 in Q2 2025.
- YTD 2026 net loss attributable to common stockholders was $(1,124,602) vs $7,273 profit in YTD 2025.
- YTD 2026 cash provided by operating activities decreased to $2,155,375 from $3,623,226 in YTD 2025.
- Refinanced St. Petersburg Note and Wilmington Note as of April 25, 2024.
- Refinanced TCI Note as of June 6, 2024, with interest rate reduced to 6.50%.
- Refinanced HGI Note as of July 10, 2025, at a fixed rate of 6.10%.
Price Impact
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