NEW YORK (AP) _ American Finance Trust, Inc. (RTL) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in New York, said it had funds from operations of $26.8 million, or 22 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 $40.2 million, or 33 cents per share.
American Finance Trust, based in New York, posted revenue of $82.5 million in the period.
For the year, the company reported funds from operations of $118 million. Revenue was reported as $335.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RTL at https://www.zacks.com/ap/RTL
