DALLAS (AP) — DALLAS (AP) — Ashford Hospitality Trust Inc. (AHT) on Wednesday reported a loss in a key measure in its fourth quarter.
The Dallas-based real estate investment trust said it had a funds from operations loss of $15.8 million, or $2.45 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 $78.3 million, or $12.33 per share.
The hotel owner posted revenue of $259 million in the period.
For the year, the company said funds from operations losses narrowed to $34.4 million, or $5.66 per share. Revenue was reported as $1.1 billion.
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