Ashford Hospitality Trust: Q2 Earnings Snapshot

Associated Press Finance
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DALLAS (AP) — DALLAS (AP) — Ashford Hospitality Trust Inc. (AHT) on Tuesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $28.5 million, or 78 cents per share, in the period.

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 $30.3 million, or 88 cents per share.

The hotel owner posted revenue of $375.7 million in the period.

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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

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