KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Wednesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Kansas City, Missouri, said it had funds from operations of $13.6 million, or 99 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 $7.5 million, or 59 cents per share.
The traded fund, based in Kansas City, Missouri, posted revenue of $21.5 million in the period.
The company's shares have increased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.37, a climb of 6% in the last 12 months.