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DALLAS (AP)– DALLAS (AP)– Braemar Hotels & & Resorts, Inc. (BHR) on Wednesday reported a loss in a crucial step in its 3rd quarter.
The property investment company, based in Dallas, claimed it had a funds from procedures loss of $17.6 million, or 24 cents per share, in the duration.
Funds from procedures is a very closely enjoyed step in the REIT sector. It takes earnings and includes back products such as devaluation and amortization.
The business claimed it had a loss of $1.4 million, or 2 cents per share.
The resort proprietor published profits of $148.4 million in the duration.
In the last mins of trading on Wednesday, the business’s shares struck $2.95. A year earlier, they were trading at $2.68.
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This tale was created by Automated Insights (making use of information from Zacks Financial investment Study. Gain access to a Zacks stock report on BHR at
