Franklin Street: Q4 Earnings Snapshot

WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Monday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $6.9 million, or 7 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 $3.6 million, or 3 cents per share.

The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $34.8 million in the period.

For the year, the company reported funds from operations of $30 million. Revenue was reported as $145.7 million.

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