Ashford Hospitality Trust Inc. reported a funds from operations (FFO) loss of $8.8 million, or $1.71 per share, for the third quarter of 2024. This FFO loss is a key measure in the REIT industry.
The reported FFO loss follows preliminary operational results announced in October, which indicated an expected comparable RevPAR decrease of approximately 1.6% compared to the third quarter of 2023.
The company continues to navigate market conditions while focusing on its strategic initiatives. The FFO loss reflects the financial performance during the period.
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