Felcor Lodging Trust Inc.'s (FCH) third-quarter Funds from operations was $6.62 million or $0.10 per share, compared with a negative FFO of $13.54 million or $0.21 per share in the year ago period.
On an adjusted basis, FFO was $8.97 million or $0.14 per share, compared with $28.75 million or $0.45 per share in the 2008 period.
Eight analysts polled by Thomson Reuters estimated FFO of $0.14 per share. Analysts' estimates typically exclude one-time items.
Net loss attributable to FelCor common stockholders was $34.81 million or $0.55 per share, compared with a net loss of $51.32 million or $0.83 per share in the third quarter of 2008.
Total revenues declined to $230.21 million from $277.73 million last year. Five analysts expected revenues of $234.78 million.
For 2009, the company expects adjusted FFO in the range of $0.31 - $0.34 per share and net loss of $2.42 - $2.39 per share. Analysts expects the company to report FFO of $0.70 per share in the full year period.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.