ATLANTA (AP) _ Columbia Property Trust Inc. (CXP) on Thursday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Atlanta, said it had funds from operations of $45.2 million, or 39 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 $20.3 million, or 17 cents per share.
The real estate investment trust posted revenue of $71.9 million in the period.
Columbia expects full-year funds from operations in the range of $1.47 to $1.49 per share.
The company's shares have increased 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.55, a decline of 5% in the last 12 months.