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Uniti: 3Q Earnings Snapshot

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LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Monday reported a key measure of profitability in its third quarter.

The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $92.5 million, or 42 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 $7 million, or 4 cents per share.

The real estate investment trust posted revenue of $258.8 million in the period.

The company's shares have climbed 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.48, an increase of 43% 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 UNIT at https://www.zacks.com/ap/UNIT