GREAT NECK, N.Y. (AP) _ One Liberty Properties Inc. (OLP) on Friday reported a key measure of profitability in its fourth quarter.
The Great Neck, New York-based real estate investment trust said it had funds from operations of $9.2 million, or 51 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 $4.4 million, or 24 cents per share.
The real estate investment trust posted revenue of $19 million in the period.
For the year, the company reported funds from operations of $33.3 million, or $1.90 per share. Revenue was reported as $70.6 million.
The company's shares have decreased 10 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $22.57, a rise of slightly more than 2 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
Keywords: One Liberty Properties, Earnings Report