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DALLAS (AP) — DALLAS (AP) — CIM Commercial Trust Corp. (CMCT) on Friday reported a key measure of profitability in its fourth quarter.
The Dallas-based real estate investment trust said it had funds from operations of $8.7 million, or 11 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 $8.9 million, or 39 cents per share.
The real estate investment trust, based in Dallas, posted revenue of $25.9 million in the period.
For the year, the company reported funds from operations of $19.7 million. Revenue was reported as $101.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CMCT">Zacks stock report on CMCT at https://www.zacks.com/ap/CMCT