AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Summit Hotel Properties Inc. (INN) on Tuesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.

The Austin, Texas-based real estate investment trust said it had funds from operations of $21.3 million, or 17 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 14 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 $11.3 million, or 11 cents per share.

The real estate investment trust specializing in higher end hotels, based in Austin, Texas, posted reve

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