Ashford Hospitality Trust: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:52 AM ET
Last Updated - Jul 31, 2024, 03:52 AM EDT
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 $11.8 million, or 27 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 net income of $44.3 million, or 25 cents per share.
