NEW YORK (AP) _ Columbia Property Trust Inc. (CXP) on Thursday reported a key measure of profitability in its fourth quarter.
The New York-based real estate investment trust said it had funds from operations of $39.9 million, or 34 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 $21.8 million, or 19 cents per share.
The real estate investment trust posted revenue of $68.7 million in the period.
For the year, the company reported funds from operations of $174.3 million, or $1.50 per share. Revenue was reported as $288.8 million.
Columbia expects full-year funds from operations in the range of $1.46 to $1.51 per share.
The company's shares have increased 7.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.47, a fall of slightly more than 1% in the last 12 months.