KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Wednesday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Kansas City, Missouri, said it had funds from operations of $13 million, or 96 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 net income of $1.6 million, or 12 cents per share.
The traded fund, based in Kansas City, Missouri, posted revenue of $21.6 million in the period.
The company's shares have increased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.25, a decline of almost 2% 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 CORR at https://www.zacks.com/ap/CORR