Acrophyte's NPI down 16.3% to $46.85m in 2025 on renovations and lower inventory

Distributable income also falls to $6.19m.

Acrophyte Hospitality Trust reported a 16.3% decrease in net property income to $46.86m (US$37.1m) for the financial year ended 31 December 2025, according to its financial statement.

The company also saw a decline in distributable income to $6.19m (US$4.9m), down from $11.75m (US$9.3m) a year earlier.

Full-year distribution per stapled security fell to 1.074 Singapore cents (0.850 US cents) from 2.014 Singapore cents (1.595 US cents) in 2024. For the second half of 2025, the trust will pay 0.528 Singapore cents (0.418 US cents) per unit on 30 March 2026.

Gross revenue declined 6% to $200.31m (US$158.6m). Gross operating profit fell 10.4% to $67.44m (US$53.4m).

The trust attributed the weaker performance to a 5.5% reduction in room inventory and brand-mandated renovations at seven hotels. Same-store net property income dropped 14.3% due to higher operating costs, insurance premiums, and property taxes.

Its portfolio was reduced to 32 hotels and 4,188 rooms following the sale of Hyatt Place Detroit Auburn Hills for $8.40m (US$6.65m) in September 2025.

Two additional assets—Hyatt Place Detroit Livonia and Hyatt Place Memphis Primacy Parkway—are under contract for a combined $22.42m (US$17.75m), with completion expected by the end of first quarter in 2026.

In the U.S. lodging market, revenue per available room declined 0.3% as business and group travel softened amid trade policy uncertainty. A federal government shutdown and layoffs at federal agencies in the fourth quarter also reduced government-related travel demand.

As at 31 December, the trust held $30.19m (US$23.9m) in cash and cash equivalents. Proceeds from asset sales will be used for capital expenditure, renovations, debt reduction, or working capital.

(US$1 = SG$1.26)

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