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Arbor Realty Trust: 4Q Earnings Snapshot

UNIONDALE, N.Y. (AP) _ Arbor Realty Trust (ABR) on Friday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Uniondale, New York, said it had funds from operations of $28.9 million, or 29 cents per share, in the period.

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 net income of $37.2 million, or 47 cents per share.

The real estate investment trust posted revenue of $73.4 million in the period.

For the year, the company reported funds from operations of $113.1 million, or $1.21 per share. Revenue was reported as $251.8 million.

The company's shares have increased 18 percent since the beginning of the year. The stock has risen 44 percent 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 ABR at https://www.zacks.com/ap/ABR