AUSTIN, Texas (AP) _ Summit Hotel Properties Inc. (INN) on Monday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.

The Austin, Texas-based real estate investment trust said it had funds from operations of $13.3 million, or 13 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 17 cents per share.

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 $19 million, or 18 cents per share.

The real estate investment trust specializing in higher end hotels posted revenue of $108.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $110.5 million.

The company's shares have declined 57% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.32, a decline of 57% in the last 12 months.

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

Automated Insights, source Associated Press News