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BRT: Fiscal 4Q Earnings Snapshot

GREAT NECK, N.Y. (AP) _ BRT Realty Trust (BRT) on Monday reported a key measure of profitability in its fiscal fourth quarter.

The real estate investment trust, based in Great Neck, New York, said it had funds from operations of $3.4 million, or 21 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 $3.1 million, or 20 cents per share.

The real estate investment trust posted revenue of $31.5 million in the period.

For the year, the company reported funds from operations of $14.4 million. Revenue was reported as $119.6 million.

The company's shares have decreased almost 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.37, a rise of 2 percent 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