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Wheeler Real Estate: 2Q Earnings Snapshot

VIRGINIA BEACH, Va. (AP) _ Wheeler Real Estate Investment Trust Inc. (WHLR) on Monday reported a key measure of profitability in its second quarter.

The Virginia Beach, Virginia-based real estate investment trust said it had funds from operations of $1.6 million, or 16 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 $10.7 million, or $1.10 per share.

The real estate investment trust posted revenue of $15.5 million in the period.

In the final minutes of trading on Monday, the company's shares hit $1.50. A year ago, they were trading at $5.05.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHLR at https://www.zacks.com/ap/WHLR