NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Wednesday reported a key measure of profitability in its third quarter.
The New York-based real estate investment trust said it had funds from operations of $73.9 million, or 32 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 $76.6 million, or 33 cents per share.
The real estate investment trust, based in New York, posted revenue of $196.6 million in the period.
Global Net Lease expects full-year funds from operations in the range of $1.30 to $1.40 per share.
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