NASHVILLE, Tenn. (AP) _ MedEquities Realty Trust Inc. (MRT) on Monday reported a key measure of profitability in its fourth quarter. The results met Wall Street expectations.
The Nashville, Tennessee-based real estate investment trust said it had funds from operations of $8.1 million, or 27 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 27 cents per share.
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 $1.9 million, or 6 cents per share.
The real estate investment trust, based in Nashville, Tennessee, posted revenue of $14 million in the period, which also matched Street forecasts.
For the year, the company reported funds from operations of $23.3 million. Revenue was reported as $49.3 million.
MedEquities Realty Trust expects full-year funds from operations in the range of $1.09 to $1.15 per share.
The company's shares have increased slightly more than 2 percent since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRT at https://www.zacks.com/ap/MRT
Keywords: MedEquities Realty Trust, Earnings Report