LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Thursday reported a key measure of profitability in its fourth quarter.
The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $105.1 million, or 48 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 $11.4 million, or 6 cents per share.
The real estate investment trust posted revenue of $268.5 million in the period.
For the year, the company reported funds from operations of $419.5 million, or $2.08 per share. Revenue was reported as $1.06 billion.
Uniti expects full-year funds from operations in the range of $1.85 to $1.91 per share.
The company's shares have decreased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.56, a decline of 25% in the last 12 months.