DALLAS (AP) _ Ashford Hospitality Trust Inc. (AHT) on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The Dallas-based real estate investment trust said it had funds from operations of $25.7 million, or 22 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 18 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $38.8 million, or 39 cents per share.
The hotel owner posted revenue of $354.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $351.5 million.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
For the year, the company reported funds from operations of $145.5 million, or $1.22 per share. Revenue was reported as $1.5 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AHT at https://www.zacks.com/ap/AHT
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