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

The Irvine, California-based real estate investment trust said it had a funds from operations loss of $28.9 million, or 13 cents per share, in the period.

The average estimate of eight analysts surveyed by Zacks Investment Research was for a funds from operations loss 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 $56.5 million, or 26 cents per share.

The hotel real estate investment trust, based in Irvine, California, posted revenue of $50.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $47.5 million.

The company’s shares have climbed 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.27, an increase of 52% in the last 12 months.

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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 SHO at https://www.zacks.com/ap/SHO