NEW YORK (AP) _ Empire State Realty Trust Inc. (ESRT) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in New York, said it had funds from operations of $56.5 million, or 21 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 $5.6 million, or 3 cents per share.
The real estate investment trust posted revenue of $183.7 million in the period. Its adjusted revenue was $148.3 million.
Empire State Realty Trust expects full-year funds from operations in the range of 83 cents to 85 cents per share.
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