TYSONS, Va. (AP) — TYSONS, Va. (AP) — Park Hotels & Resorts Inc. (PK) on Wednesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.

The real estate investment trust, based in Tysons, Virginia, said it had funds from operations of $79 million, or 39 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 36 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 $18 million, or 10 cents per share.

Park Hotels & Resorts, based in Tysons, Virginia, posted revenue of $602 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $598 million.

Park Hotels & Resorts expects full-year funds from operations in the range of $2 to $2.05 per share.

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