NASHVILLE, Tenn. (AP) _ Ryman Hospitality Properties Inc. (RHP) on Thursday reported a key measure of profitability in its first quarter.
The Nashville, Tennessee-based real estate investment trust said it had funds from operations of $32.4 million, or 59 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 $46.5 million, or 85 cents per share.
The hotel and resort real estate investment trust, based in Nashville, Tennessee, posted revenue of $313 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $299.7 million.
The company's shares have fallen 66% since the beginning of the year. The stock has dropped 64% in the last 12 months.