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CorEnergy: 3Q Earnings Snapshot

·1 min read

KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Monday reported a loss in a key measure in its third quarter.

The real estate investment trust, based in Kansas City, Missouri, said it had a funds from operations loss of $2.9 million, or 21 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 $6.2 million, or 46 cents per share.

The traded fund, based in Kansas City, Missouri, posted revenue of $4.6 million in the period.

In the final minutes of trading on Monday, the company's shares hit $4.74. A year ago, they were trading at $48.17.

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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 CORR at https://www.zacks.com/ap/CORR