Braemar Hotels & Resorts: Q4 Earnings Snapshot

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DALLAS (AP) — DALLAS (AP) — Braemar Hotels & Resorts, Inc. (BHR) on Wednesday reported a loss in a key measure in its fourth quarter.

The real estate investment trust, based in Dallas, said it had a funds from operations loss of $4.3 million, or 6 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 $31.1 million, or 47 cents per share.

The hotel owner posted revenue of $173.3 million in the period.

For the year, the company reported funds from operations of $15.7 million. Revenue was reported as $728.4 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.59. A year ago, they were trading at $2.29.

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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