Ashford Hospitality Trust (AHT) Sees Q3 AFFO Below Street, 5.9% Increase in RevPAR
Tweet
Share
E-mailGet Alerts AHT Hot Sheet
Join SI Premium – FREE
Ashford Hospitality Trust, Inc. (NYSE: AHT) reports preliminary expectations for Revenue Per Available Room (RevPAR) and Adjusted Funds from Operations (AFFO) for the third quarter ended September 30, 2011.
The Company expects to report an increase of approximately 5.9% in RevPAR for all Legacy hotels in continuing operations and an increase of approximately 5.5% in RevPAR for all hotels in continuing operations in the Highland Hospitality Portfolio for the third quarter of 2011, compared with the previous year. Not including nonrecurring items, Ashford also expects to report AFFO of approximately $0.36 to $0.40 per diluted share for the third quarter of 2011, compared with $0.33 per diluted share in 2010. The Street sees AFFO of $0.42.
The Company expects to report an increase of approximately 5.9% in RevPAR for all Legacy hotels in continuing operations and an increase of approximately 5.5% in RevPAR for all hotels in continuing operations in the Highland Hospitality Portfolio for the third quarter of 2011, compared with the previous year. Not including nonrecurring items, Ashford also expects to report AFFO of approximately $0.36 to $0.40 per diluted share for the third quarter of 2011, compared with $0.33 per diluted share in 2010. The Street sees AFFO of $0.42.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Equifax (EFX) shares tumble on weak Q1 revenue, guidance miss
- Elevance Health (ELV) hikes 2024 earnings outlook, shares climb
- Elevance Health Inc. (ELV) Tops Q1 EPS by 16c, tops guidance
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
