DENVER (AP) _ Farmland Partners Inc. (FPI) on Wednesday reported a key measure of profitability in its fourth quarter.
The Denver-based real estate investment trust said it had funds from operations of $8.1 million, or 22 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 $4.2 million, or 9 cents per share.
The real estate investment trust specializing in farmland posted revenue of $20.9 million in the period.
For the year, the company reported funds from operations of $9 million. Revenue was reported as $56.1 million.
The company's shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.38, a drop of 35 percent 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 FPI at https://www.zacks.com/ap/FPI