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ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Xenia Hotels & Resorts Inc. (XHR) on Tuesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $40 million, or 39 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 a loss of $638,000, or 1 cent per share.
The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $261.8 million in the period.
For the year, the company reported funds from operations of $165.3 million. Revenue was reported as $1.04 billion.
Xenia Hotels & Resorts expects full-year funds from operations in the range of $1.55 to $1.74 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