07:32 AM EDT, 05/05/2025 (MT Newswires) -- 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.