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Xenia Hotels & Resorts: Q1 Earnings Snapshot

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ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Xenia Hotels & Resorts Inc. (XHR) on Friday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $52.1 million, or 51 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $15.6 million, or 15 cents per share.

The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $288.9 million in the period.

Xenia Hotels & Resorts expects full-year funds from operations in the range of $1.50 to $1.75 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XHR at https://www.zacks.com/ap/XHR