FREEHOLD, N.J. (AP) _ UMH Properties Inc. (UMH) on Wednesday reported a key measure of profitability in its fourth quarter.
The Freehold, New Jersey-based real estate investment trust said it had funds from operations of $5.3 million, or 18 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 a loss of $413,000, or 1 cent per share.
The real estate investment trust posted revenue of $25.1 million in the period.
For the year, the company reported funds from operations of $18.4 million. Revenue was reported as $99.2 million.
The company's shares have dropped slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.95, a climb of 45 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 UMH at https://www.zacks.com/ap/UMH
Keywords: UMH Properties, Earnings Report