Hotel Property Investments (ASX:HPI) has reported a fiscal year (FY) profit from operating activities after tax of A$3.6 million, which marks a significant decrease of 98.30% from the previous year.

Despite the downturn in profit, the company recorded a total revenue from its investment properties at A$79.8 million, reflecting an increase of 7.92%.

Hotel Property also announced a trust distribution amount per stapled security of 9.4 AU cents.

Furthermore, the company has provided a distribution guidance of 19.0 AU cents per security for FY24.

Hotel Property Investments is a company that holds a real estate portfolio, consisting mainly of pub properties, within Australia.