DiamondRock Hospitality (DRH) Surpasses Q3 FFO and Revenue Estimates

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +16.00%. A quarter ago, it was expected that this hotel and resort real estate investment trust would post FFO of $0.33 per share when it actually produced FFO of $0.35, delivering a surprise of +6. ...