DiamondRock Hospitality (DRH) Beats Q2 FFO and Revenue Estimates

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.25%. A quarter ago, it was expected that this hotel and resort real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.17, delivering a surprise of 6.25 ...