Park Hotels & Resorts (PK) reported Q1 adjusted funds from operations Monday of $0.46 per diluted share, down from $0.52 a year earlier.
Analysts polled by FactSet expected Q1 AFFO of $0.22 and Q1 core FFO of $0.42.
Revenue for the quarter ended March 31 was $630 million, down from $639 million a year earlier.
Analysts surveyed by FactSet expected $614.2 million.
For 2025, the real estate investment trust lowered its projection for adjusted FFO per diluted share to $1.79 to $2.09, from a previous range of $1.90 to $2.20.
Analysts polled by FactSet expect 2025 AFFO of $1.13 and and 2025 core FFO of $1.95.
Shares of the company were down 0.1% in recent premarket activity.
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