U.S. Markets closed

Colony Capital: 1Q Earnings Snapshot

LOS ANGELES (AP) _ Colony Capital (CLNY) on Friday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Los Angeles, said it had funds from operations of $47.7 million, or 9 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 $102.1 million, or 21 cents per share.

The provider of asset management services to NorthStar Realty Finance Corp., based in Los Angeles, posted revenue of $632.9 million in the period. Its adjusted revenue was $46.3 million.

The company's shares have climbed 8% since the beginning of the year. The stock has declined 20% 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 CLNY at https://www.zacks.com/ap/CLNY