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NEW YORK (AP) — NEW YORK (AP) — Getty Realty Corp. (GTY) 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 $34 million, or 60 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 $22.3 million, or 39 cents per share.
The real estate investment trust, based in New York, posted revenue of $53 million in the period. Its adjusted revenue was $52.2 million.
For the year, the company reported funds from operations of $130.8 million. Revenue was reported as $198.7 million.
Getty Realty expects full-year funds from operations in the range of $2.38 to $2.41 per share.
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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 GTY at https://www.zacks.com/ap/GTY