Ashford Hospitality Trust (AHT) Beats Q2 FFO and Revenue Estimates

Ashford Hospitality Trust (AHT) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to FFO of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 350%. A quarter ago, it was expected that this hotel owner would post a loss of $0.04 per share when it actually produced a loss of $0.35, delivering a surprise of -775%.Over the last four quarter ...