other_material
confidence high
sentiment negative
materiality 0.70
Procaccianti Hotel REIT updates estimated per share NAV; Class A drops to $7.14 from $9.82
PROCACCIANTI HOTEL REIT, INC.
- Estimated per share NAV as of March 31, 2025: Class K-I and K shares $10.17, Class A shares $7.14, Class B shares $0.00.
- Class A NAV declined 27.3% from $9.82 a year earlier; K shares unchanged at $10.17.
- Total real estate portfolio appraised at $109.1M (company ownership interest), vs. cost plus improvements of $97.6M.
- Net asset value fell to $59.2M from $60.7M year-over-year; Class A accrued unpaid distributions rose to $2.69M.
- No Class K-T shares outstanding; valuations used discount rates of 10.25%–10.75% and terminal cap rates of 8.75%–9.25%.
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