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Colony Credit: 3Q Earnings Snapshot

·1 min read

LOS ANGELES (AP) _ Colony Credit Real Estate, Inc. (CLNC) on Thursday reported third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.

The Los Angeles-based company said it had profit of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 24 cents per share.

The real estate investment trust posted revenue of $36.4 million in the period. Its adjusted revenue was $25.2 million.

Colony Credit shares have fallen 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.38, a drop of 62% 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 CLNC at https://www.zacks.com/ap/CLNC