BETHESDA, Md. (AP) _ DiamondRock Hospitality Co. (DRH) on Thursday reported a key measure of profitability in its third quarter, after reporting a loss in the same period a year earlier. The results matched Wall Street expectations.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $20.9 million, or 10 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 10 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.