Ashford Hospitality Trust: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Ashford Hospitality Trust Inc. (AHT) on Wednesday reported a loss in a key measure in its fourth quarter. The results missed Wall Street expectations.

The Dallas-based real estate investment trust said it had a funds from operations loss of $13.3 million, or 36 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for a funds from operations loss of 32 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 $31.3 million, or 90 cents per share.

The hotel owner posted revenue of $319.9 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $319.8 million.

For the year, the company reported funds from operations of $26.4 million. Revenue was reported as $1.37 billion.

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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