ARA US HOSPITALITY TRUST ARA US HOSPITALITY TRUST
3Q 2021 BUSINESS & OPERATIONAL UPDATES
3 NOV 2021
Important Notice
This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of ARA US Hospitality Trust in Singapore under the Securities and Futures Act, Chapter 289 of Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. The value of stapled securities in ARA US Hospitality Trust ("Stapled Securities") and the income derived from them may fall as well as rise. The Stapled Securities are not obligations of, deposits in, or guaranteed by the ARA Trust Management (USH) Pte. Ltd., as manager (the "REIT Manager") of ARA US Hospitality Property Trust and ARA Business Trust Management (USH) Pte. Ltd., as trustee-manager (the "Trustee-Manager") of ARA US Hospitality Management Trust, DBS Trustee Limited (as trustee of ARA US Hospitality Property Trust) or any of their respective affiliates. The past performance of ARA US Hospitality Trust is not indicative of the future performance of ARA US Hospitality Trust, the REIT Manager and the Trustee-Manager.
This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. These forward-looking statements speak only as at the date of the presentation. No assurance can be given that future events will occur, that projections will be achieved, or that assumptions are correct. Representative examples of these factors include (without limitation) general industry, hospitality outlook and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in excepted levels of occupancy, ADR and RevPAR, changes in operating expenses, government and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management of future events. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of ARA US Hospitality Trust. The forecast financial performance of ARA US Hospitality Trust is not guaranteed.
The value of the Stapled Securities and the income derived from them, if any, may fall or rise. The Stapled Securities are not obligations of, deposits in, or guaranteed by the REIT Manager, Trustee-Manager, DBS Trustee Limited or any of their respective affiliates. An investment in the Stapled Securities is subject to investment risks, including the possible loss of the principal amount invested.
Holders of Stapled Securities ("Stapled Securityholders") have no right to request that the REIT Manager or Trustee-Manager redeem or purchase their Stapled Securities while the Stapled Securities are listed. It is intended that the Stapled Securityholders may only deal in their Stapled Securities through trading on Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Stapled Securities does not guarantee a liquid market for the Stapled Securities.
Any forwarding, distribution or reproduction of this Presentation electronically or otherwise, in whole or in part, to any other person is unauthorised. Failure to comply with this paragraph may result in a violation of applicable laws of other jurisdictions. If this Presentation has been received in error, it must be deleted immediately.
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U.S. MARKET UPDATE
2
U.S. Economy Remains Resilient Amidst Delta Surge in 3Q 2021
Near-term health and economic fundamentals continue to be robust
U.S. Real GDP % Chg from Preceding Quarter
2.0%
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
U.S. Unemployment Rate (Seasonally Adjusted)
% | COVID-19 | |||||||||||||
14.8% | ||||||||||||||
15 | ||||||||||||||
GFC | ||||||||||||||
10.0% | ||||||||||||||
10 | ||||||||||||||
4.8% | ||||||||||||||
5 | ||||||||||||||
0 | ||||||||||||||
2000 | 2001 | 2003 | 2004 | 2006 | 2007 | 2009 | 2010 | 2012 | 2013 | 2015 | 2016 | 2018 | 2019 | 2021 |
- U.S. economy recorded fifth consecutive quarter of real GDP growth with 3Q 2021 at 2%
- U.S. CPI-U* increased 0.4% in Sep 2021, mainly due to increase in food and energy prices
- Unemployment rate improved to 4.8% in Sep 2021 with modest job growth
- Federal fund rates continue to anchor near 0% in the near term
* Consumer Price Index for all Urban Consumers | 3 |
Source: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, IMF |
COVID-19 Cases Tapered off Since Delta Peak in Aug/Sep 2021
Worst may be over but uncertainties remain from vaccination holdouts and potential new variants
COVID-19 Cases in the U.S. vs. % of Population Fully Vaccinated
7-day average new cases | % of population fully vaccinated | |||
300,000 | 100% |
250,000
200,000
150,000 | 50% |
100,000
50,000 | |||||||||
0 | 0% | ||||||||
Jan-21 | Feb-21 | Apr-21 | Jun-21 | Jul-21 | Sep-21 | ||||
Source: CDC | 4 |
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ARA US Hospitality Trust published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 09:41:03 UTC.
