PHILADELPHIA (AP) — PHILADELPHIA (AP) — Pennsylvania Real Estate Investment Trust (PRET) on Thursday reported a loss in a key measure in its second quarter.
The real estate investment trust, based in Philadelphia, said it had a funds from operations loss of $17 million, or $3.15 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 $51.8 million, or $9.73 per share.
The shopping mall real estate investment trust, based in Philadelphia, posted revenue of $67.4 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRET at https://www.zacks.com/ap/PRET
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.