GREAT NECK, N.Y. (AP) _ One Liberty Properties Inc. (OLP) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Great Neck, New York, said it had funds from operations of $10.1 million, or 52 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 $150,000, or a loss of 1 cent per share.
The real estate investment trust posted revenue of $20.3 million in the period.
For the year, the company reported funds from operations of $41.1 million, or $2.13 per share. Revenue was reported as $79.1 million.
The company's shares have climbed 21 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.37, a rise of 24 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 OLP at https://www.zacks.com/ap/OLP