Filing Flows › Procaccianti Hotel REIT (PRXA) › Q1 2026
Procaccianti Hotel REIT (PRXA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Procaccianti Hotel REIT (PRXA) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -15% from the quarter before. Operating margin was -14.2%, net loss $1.8M (35.4% of revenue).
Procaccianti Hotel REIT, Q1 2026: revenue $5.1M (-13% year over year), operating margin -14.2%, net loss $1.8M, operating cash flow $63K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -15% | -13% |
| Operating profit | −$724K | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | $63K | — | -47% |
What changed
Revenue was $5.1M in Q1 2026, down 13% year over year and down 15% from the previous quarter. Rooms was the largest line at 88% of revenue. Rooms lost $736K year over year (down 14%), 100% of the total change.
Operating costs exceeded revenue by $724K, an operating margin of -14.2%. Total costs fell 3% while revenue fell 13%. The quarter ended with a net loss of $1.8M, wider than the previous quarter's $1.4M loss. Net interest and other expense of $1.1M was the main reason.
Operating cash flow was $63K (down 47% year over year). Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $919K. Capital expenditures of $169K exceeded it, leaving free cash flow of −$106K.
Questions
What was Procaccianti Hotel REIT's revenue in the first quarter 2026?
Procaccianti Hotel REIT (PRXA) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -15% from the quarter before.
Was Procaccianti Hotel REIT profitable in the first quarter 2026?
Operating loss was $724K (-14.2% of revenue) and net loss $1.8M.