Jul. 31 at 6:17 PM
$AHT For REIT, AFFO is more important.
Q2 is actually pretty good. probably first profitable Q since many years.
Excluding the default interest, the Company’s AFFO and AFFO per diluted share for the quarter would have been approximately
$11.4 million and
$1.93, respectively.
Adjusted funds from operations (AFFO) was
$0.78 per diluted share for the quarter. During the quarter, the Company accrued approximately
$6.8 million of default interest on its
$744 million Highland loan secured by 18 hotels. Subsequent to quarter end, the Company entered into an extension agreement on this loan that included eliminating the default interest.