Ashford Hospitality Trust: Fourth Quarter Earnings Overview

Ashford Hospitality Trust Reports Fourth Quarter Results

Ashford Hospitality Trust Inc., a real estate investment trust based in Dallas, announced a loss in funds from operations for the fourth quarter.

During this period, the company recorded a funds from operations deficit of $15.8 million, translating to a loss of $2.45 per share.

Funds from operations, a key metric in the REIT sector, is calculated by adjusting net income to add back expenses like depreciation and amortization.

The company also reported a net loss of $78.3 million, or $12.33 per share, for the quarter.

Total revenue for the quarter reached $259 million.

Looking at the full year, Ashford Hospitality Trust reduced its funds from operations loss to $34.4 million, or $5.66 per share, with annual revenue totaling $1.1 billion.