Ashford Hospitality Trust Q3 FFO Tops Estimate

(RTTNews) - Ashford Hospitality Trust, Inc. (AHT) reported a net loss for the third quarter of $22.0 million or $0.24 per share, compared to a net loss of $24.8 million or $0.31 per share for the year-ago quarter

Adjusted funds from operations for the third quarter was $0.25 per share, compared to $0.25 per share in the prior year quarter

Total revenue for the third quarter fell to $202.15 million from $242.02 million a year ago.

Analysts polled by Thomson Reuters expected the company to report FFO of $0.23 per share on revenue of $212.87 million for the third quarter. Analysts' estimates typically exclude special items.