NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Service Properties Trust (SVC) on Wednesday reported a key measure of profitability in its third quarter.
The Newton, Massachusetts-based real estate investment trust said it had funds from operations of $52.9 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 $46.9 million, or 28 cents per share.
The real estate investment trust, based in Newton, Massachusetts, posted revenue of $491.2 million in the period.
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