DiamondRock Hospitality: Q4 Earnings Snapshot
By AP News
Published - Feb 21, 2023, 07:57 AM ET
Last Updated - Jun 22, 2023, 08:41 PM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — DiamondRock Hospitality Co. (DRH) on Tuesday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $48 million, or 23 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 23 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.
