Filing Flows › Procaccianti Hotel REIT (PRXA) › Q4 2024
Procaccianti Hotel REIT (PRXA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Procaccianti Hotel REIT (PRXA) reported revenue of $6.8M for the fourth quarter 2024 (Q4 2024), +22% from a year earlier and -39% from the quarter before. Operating margin was 5.7%, net loss $470K (6.9% of revenue).
Procaccianti Hotel REIT, Q4 2024: revenue $6.8M (+22% year over year), operating margin 5.7%, net loss $470K, operating cash flow $762K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8M | -39% | +22% |
| Operating profit | $385K | — | — |
| Net earnings | −$470K | — | — |
| Operating cash flow | $762K | -69% | +424% |
| Free cash flow | $307K | -86% | — |
What changed
Revenue was $6.8M in Q4 2024, up 22% year over year and down 39% from the previous quarter. Rooms was the largest line at 88% of revenue.
Operating profit was $385K, a 5.7% margin (up 15.7 points year over year). Total costs grew 5% against revenue growth of 22%. The quarter ended with a net loss of $470K, after a profit of $2.6M the previous quarter. Net interest and other expense of $1.0M was the main reason.
Operating cash flow was $762K (up 424% year over year). Non-cash charges added back $1.1M of depreciation and amortization. Working capital and other items added $133K. Capital expenditures of $455K left free cash flow of $307K.
Questions
What was Procaccianti Hotel REIT's revenue in the fourth quarter 2024?
Procaccianti Hotel REIT (PRXA) reported revenue of $6.8M for the fourth quarter 2024 (Q4 2024), +22% from a year earlier and -39% from the quarter before.
Was Procaccianti Hotel REIT profitable in the fourth quarter 2024?
Operating profit was $385K (5.7% of revenue) and net loss $470K.