RNS, EBITDA +165.7%, EPRA +112%, TR +59%31 Aug 2023 07:38
Amazing results with 52 week low just last week at 10,000.00p hardly anything is priced in!
Total Revenue: Total revenue for the first half of 2023 was £180.0 million, a substantial increase of 59.0% compared to the same period in 2022, which reported revenue of £113.2 million.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EBITDA in the first half of 2023 was £45.2 million, showing a remarkable increase of 165.7% over the EBITDA of £17.0 million reported in the same period in 2022.
Adjusted EPRA Earnings: Adjusted EPRA Earnings for the twelve months ended June 2023 were reported at 106 pence, indicating a substantial growth of 112% compared to the 50 pence reported in 2022.
RevPAR (Revenue per Available Room): RevPAR for the first half of 2023 stood at £110.3, which is significantly higher than the RevPAR of £67.8 reported for the same period in 2022.
Occupancy Rates: The recovery in occupancy rates continued, with H1 2023 showing an occupancy rate of 69.1%, compared to 48.0% in H1 2022.
Room Rate Growth: Average room rate in the first half of 2023 was £159.6, showing a growth of 13.1% over the same period in 2022.