Braemar Hotels & Resorts: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Braemar Hotels & Resorts, Inc. (BHR) on Tuesday reported a key measure of profitability in its second quarter.
The Dallas-based real estate investment trust said it had funds from operations of $14.4 million, or 20 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 a loss of $13 million, or 20 cents per share.
The hotel owner posted revenue of $186.7 million in the period.
The company's shares closed at $3.63. A year ago, they were trading at $5.16.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHR at https://www.zacks.com/ap/BHR