NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Thursday reported a key measure of profitability in its fourth quarter.
The New York-based real estate investment trust said it had funds from operations of $42.2 million, or 41 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 $17.7 million, or 17 cents per share.
The real estate investment trust posted revenue of $93.9 million in the period.
For the year, the company reported funds from operations of $172.9 million, or $1.67 per share. Revenue was reported as $378.9 million.
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