IRVINE, Calif. (AP) _ Sunstone Hotel Investors Inc. (SHO) on Tuesday reported a loss in a key measure in its second quarter. The results surpassed Wall Street expectations.

The real estate investment trust, based in Irvine, California, said it had a funds from operations loss of $1.6 million, or 1 cent per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for a funds from operations loss of 5 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 $35.1 million, or 16 cents per share.

The hotel real estate investment trust, based in Irvine, California, posted revenue of $117.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $94.9 million.

The company's shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.35, an increase of 55% 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 SHO at https://www.zacks.com/ap/SHO

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