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Last C$2.18 CAD
Change Today +0.01 / 0.46%
Volume 109.3K
TPH On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

temple hotels inc (TPH) Snapshot

Open
C$2.16
Previous Close
C$2.17
Day High
C$2.20
Day Low
C$2.16
52 Week High
04/30/14 - C$6.09
52 Week Low
03/13/15 - C$1.70
Market Cap
89.4M
Average Volume 10 Days
84.4K
EPS TTM
C$-0.20
Shares Outstanding
41.0M
EX-Date
04/28/15
P/E TM
--
Dividend
C$0.30
Dividend Yield
22.02%
Current Stock Chart for TEMPLE HOTELS INC (TPH)

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temple hotels inc (TPH) Details

Temple Hotels Inc., formerly known as Temple Real Estate Investment Trust, is a real estate investment firm specializing in direct and indirect acquisition of hotel properties and assets, investments in hotel real estate in primary and secondary markets, as well as refinancing of under-leveraged properties in markets across Canada and United States. The firm targets a capitalization rate for hotel acquisitions between 9 percent and 12 percent. Temple Hotels Inc. is based in Winnipeg, Canada.

temple hotels inc (TPH) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$500.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2013.

temple hotels inc (TPH) Key Developments

Temple Hotels Inc. Declares Dividend for the Month Ended April 30, 2015, Payable on May 15, 2015

Temple Hotels Inc. announced that it has declared a dividend in the amount of $0.025 per share for the month ended April 30, 2015. Payment will be made on May 15, 2015 to the shareholders of record at the close of business on April 30, 2015.

Temple Hotels Inc. Declares Cash Dividend for the Month Ending March 31, 2015, Payable on April 15, 2015

Temple Hotels Inc. announced that it has declared a dividend in the amount of $0.025 per share for the month ended March 31, 2015. Payment will be made on April 15, 2015 to the shareholders of record at the close of business on March 31, 2015.

Temple Hotels Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Temple Hotels Inc. reported earnings results for the fourth quarter and year ended December 31, 2014.  For the year, total revenue was CAD 188.4 million against CAD 156.4 million last year. Operating income was CAD 58 million against CAD 53.9 million last year. Net loss was CAD 7.8 million against net income of CAD 2.3 million last year. Cash flow from operating activities was CAD 25.2 million against CAD 21.7 million last year. Funds from operations (FFO) were CAD 19.8 million or CAD 0.49 per share against CAD 23.3 million or CAD 0.79 per share last year. Adjusted funds from operations (AFFO) were CAD 18.3 million or CAD 0.45 per share against CAD 20.7 million or CAD 0.70 per share last year. In comparison to 2013, operating income increased by CAD 4.1 million or 8% during the 2014, comprised of an CAD 11.5 million increase in operating income from new hotel properties (eight hotels acquired during 2013 and six hotels acquired in 2014) and a CAD 7.4 million decrease in operating income from the same property portfolio (the 16 properties acquired prior to January 1, 2013). The decrease in operating income from the same property portfolio is mainly due to a decrease in the occupancy level of same property hotel properties in Fort McMurray. During 2014, the occupancy level of the same hotel properties in Fort McMurray was 64%, compared to 74% in 2013. The decrease in occupancy reflects competitive hotel market conditions in 2014, compared to the very favorable hotel market conditions, which existed in 2013. Due to the high profit margin of the hotels in Fort McMurray, quarterly variations in occupancy levels also have a greater impact on operating income in comparison to other hotels. The decrease in net loss is mainly due to an increase in depreciation and amortization charges of CAD 10.6 million, an increase in net interest expense of CAD 5.1 million and an increase in general and administration expenses of CAD 1.3 million, partially offset by the increase in operating income of CAD 4.1 million. The decrease in FFO and AFFO on a per share basis reflects lower year-over-year operating income and a 37% increase in the weighted average number of shares outstanding, as well as a lag in the full returns on the investment in the additional share capital. Cash flow from operating activities increased by CAD 3.5 million during 2014, compared to 2013. After excluding working capital adjustments, cash flow from operating activities decreased by CAD 1.7 million during 2014, compared to 2013. Temple invested CAD 28.5 million in capital expenditures in 2014. For the quarter, total revenue was CAD 50.2 million against CAD 42.2 million last year. Operating income was CAD 13.7 million against CAD 12.6 million last year. Net loss was CAD 4.8 million against CAD 2 million last year. The company is expected to invest a further CAD 19.1 million in 2015. The 2015 expenditures will generally complete the capital expenditure programs at ten properties and will position the hotel portfolio to take full advantage of the positive demand in the hotel industry in non-resource hotel markets. Given the enhanced geographic diversification of the hotel portfolio, and as a result of a lower Canadian dollar and lower gasoline prices, Temple is expected to experience revenue growth in most regional sectors of the country during 2015. A full year of operations for the six hotel properties acquired during 2014 will also assist revenue growth in 2015. The overall earnings growth expectations in 2015 may be limited due to the competitive hotel market conditions in Alberta and the temporary impact of 2015 renovation programs on occupancy levels at four hotels.

 

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Price/Cash Flow 3.8x
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