dividend
confidence high
sentiment neutral
materiality 0.30
Procaccianti Hotel REIT authorizes $935K in distributions for Q1 2025
PROCACCIANTI HOTEL REIT, INC.
- Board authorized $670,156 distribution for Class K common stock, reflecting 7% per annum accrual.
- Board authorized $242,972 distribution for Class K-I common stock, also at 7% per annum.
- $22,115 distribution authorized for Class K OP units held by affiliate sellers of Hilton Garden Inn.
- Daily accrual rate of $0.001917808 per share/unit for all classes, consistent with charter.