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Hospitality Properties Trust Reports Mixed Earnings In Q1

May 10, 2010 | Reprints | Unlock Link | Print

Newton REIT Hospitality Properties Trust has reported $94.3 funds from operations (FFO) for the quarter ended March 31, compared to $89.6 million FFO for the same period last year.

Net income available for common shareholders was $33.4 million for the quarter ended March 31, compared to $53.6 million for the same quarter last year. Net income available for common shareholders for the quarter ended March 31, 2009, included a $26.6 million gain on extinguishment of debt.

Executive Briefing