Ashford Hospitality Trust: 4Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Ashford Hospitality Trust Inc. (AHT) on Wednesday reported a loss in funds from operations in its fourth quarter, after reporting a profit in the same period a year earlier. The results fell short of Wall Street expectations.

The Dallas-based real estate investment trust said it had a funds from operations loss of $54.8 million, or $1.67 per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for a funds from operations loss of $1.54 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 $70.5 million, or $2.29 per share.

The hotel owner posted revenue of $90.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $94.7 million.

For the year, the company reported funds from operations losses of $316.7 million, or $17.93 per share, swinging to a loss in the period. Revenue was reported as $508.2 million.

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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