DALLAS (AP) — DALLAS (AP) — Braemar Hotels & Resorts, Inc. (BHR) on Wednesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $7.4 million, or 10 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 $21.9 million, or 33 cents per share.

The hotel owner posted revenue of $187.6 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $3.55. A year ago, they were trading at $3.70.

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