VIRGINIA BEACH, Va. (AP) 鈥� VIRGINIA BEACH, Va. (AP) 鈥� Wheeler Real Estate Investment Trust Inc. (WHLR) on Thursday reported a key measure of profitability in its fourth quarter.
The Virginia Beach, Virginia-based real estate investment trust said it had funds from operations of $3.2 million, or $9.96 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 $866,000, or $2.67 per share.
The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $25.2 million in the period.
For the year, the company reported funds from operations of $10.3 million. Revenue was reported as $99.4 million.
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