GREAT NECK, N.Y. (AP) _ BRT Realty Trust (BRT) on Wednesday reported a key measure of profitability in its first quarter.
The Great Neck, New York-based real estate investment trust said it had funds from operations of $3.7 million, or 23 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 a loss of $4.2 million, or 27 cents per share.
The real estate investment trust posted revenue of $30.9 million in the period.
The company's shares have climbed 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.25, an increase of 17% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRT at https://www.zacks.com/ap/BRT