American Hotel Income Properties REIT LP Common Units (HOT.UN:CA) Q4 2025 Earnings Call Prepared Remarks Transcript

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Operator

Good day, and welcome to the American Hotel Income Properties REIT LP’s Fourth Quarter Results Conference Call. [Operator Instructions] Before beginning the call, AHIP would like to remind listeners that the following discussions will include forward-looking information within the meaning of applicable Canadian securities laws, which forward-looking information is qualified by this statement. Comments that are not a statement of fact, including projections of future earnings, revenue, income and FFO are considered forward-looking and are based on the certain assumptions and involve various risks and uncertainties. The risk and uncertainties that if realized, and assumptions that if false, could cause AHIP’s actual financial and operating results to differ significantly from forward-looking information discussed today are detailed in AHIP’s public filings, which will be available on AHIP’s website at ahipreit.com as well as on SEDAR.

Participants on this call should not place undue reliance on such information, which is provided based on management’s expectations and assumptions as of the date of this call. AHIP does not undertake any obligation to publicly update such information to reflect subsequent events or circumstances, except as required by law.

On this call, AHIP will discuss certain non-IFRS financial measures. For the definition of these non-IFRS financial measures, the most directly comparable IFRS financial measure and a reconciliation between the two, please refer to their MD&A. Reference to prior year’s operating results are in comparison of AHIP’s portfolio of 31 properties results in that



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