Procaccianti Hotel REIT (PRXA) approves 7% Class K and OP Unit payouts
Rhea-AI Filing Summary
Procaccianti Hotel REIT, Inc. authorized cash distributions out of legally available funds on its Class K and Class K-I common stock for the quarter ended June 30, 2026. Cumulative accruals since April 1, 2026 totaled $671,513 for Class K shares and $252,833 for Class K-I shares, accruing at $0.001917808 per share per day, which equals a 7% annual rate for each class under the charter.
The board also approved cash distributions on Class K operating partnership units held by affiliated sellers, with a cumulative accrual of $22,360 at the same $0.001917808 per unit per day rate. All approved distributions are payable in cash on or about August 4, 2026 to holders of record as of August 3, 2026.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Class K Share Accrual: $671,513
Class K-I Share Accrual: $252,833
Class K OP Unit Accrual: $22,360
+4 more
7 metrics
Class K Share Accrual
$671,513
Cumulative distributions accrued on Class K shares since April 1, 2026 for quarter ended June 30, 2026
Class K-I Share Accrual
$252,833
Cumulative distributions accrued on Class K-I shares since April 1, 2026 for quarter ended June 30, 2026
Class K OP Unit Accrual
$22,360
Cumulative distributions accrued on Class K OP Units held by Affiliate Sellers for quarter ended June 30, 2026
Daily accrual per Class K share
$0.001917808
Daily distribution accrual per Class K share, reflecting 7% per annum rate
Daily accrual per Class K-I share
$0.001917808
Daily distribution accrual per Class K-I share, reflecting 7% per annum rate
Daily accrual per Class K OP Unit
$0.001917808
Daily distribution accrual per Class K OP Unit, reflecting 7% per annum rate
Annual distribution rate
7 percent per annum
Accrual rate for Class K shares, Class K-I shares and Class K OP Units
Key Terms
Class K common stock, Class K limited partnership interest, Operating Partnership, Affiliate Sellers, +1 more
5 terms
Class K common stock financial
"payment of distributions ... with respect to each share of Class K common stock"
Class K limited partnership interest financial
"each unit of Class K limited partnership interest in the Operating Partnership"
Operating Partnership financial
"on behalf of the Company as the general partner of Procaccianti Hotel REIT, L.P., the Company’s operating partnership"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
Affiliate Sellers financial
"held by individuals with direct or indirect interests in the seller of the Hilton Garden Inn hotel property ... (the “Affiliate Sellers")"
accrual rate financial
"which reflects an accrual rate of seven percent per annum for each share class"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What distributions did Procaccianti Hotel REIT (PRXA) approve for Q2 2026?
Procaccianti Hotel REIT approved cash distributions equal to accrued amounts of $671,513 for Class K shares, $252,833 for Class K-I shares, and $22,360 for Class K OP Units, all for the quarter ended June 30, 2026 at a 7% annual rate.
What is the record date and payment date for PRXA’s Q2 2026 distributions?
The distributions will be paid in cash on or about August 4, 2026 to holders of record as of August 3, 2026. These dates apply to both Class K and Class K-I common stock and the Class K OP Unit distributions to affiliated sellers.
How much did Class K OP Units of PRXA accrue in Q2 2026 distributions?
Class K OP Units held by affiliated sellers accrued $22,360 in distributions for the quarter ended June 30, 2026. The accrual was calculated at $0.001917808 per Class K OP Unit per day, reflecting the same 7% annual distribution rate used for the common stock.
Who receives the Class K OP Unit distributions from Procaccianti Hotel REIT (PRXA)?
The Class K OP Unit cash distributions are payable to the Affiliate Sellers of the Hilton Garden Inn property. These are individuals with direct or indirect interests in the property’s seller who are also direct or indirect owners of Procaccianti Companies, Inc. and Procaccianti Hotel Advisors, LLC.