Canada's Skyline Investments 2025 same asset revenue rises on Autograph hotel strength

Overview

• Canada hotel real estate investor's 2025 same asset revenue rose 21% yr/yr

• Total hotel and resort revenue fell 27% after sale of 12 Courtyard hotels

• Adjusted EBITDA for 2025 increased to C$4.7 mln from C$3.9 mln yr/yr

Outlook

• Company did not provide specific guidance or outlook for future periods in its press release

Result Drivers

• AUTOGRAPH RENOVATION - Improved performance at the Autograph hotel after renovations and rebranding drove higher same asset revenue and NOI

• HOTEL SALES - Sale of 12 Courtyard hotels led to a 27% decline in total hotel and resort revenue

• CREDIT LOSS PROVISION - Higher provision for credit losses increased net financial expense and contributed to a wider net loss

Company press release: ID:nACS0G21Qa

Key Details

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.