TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Sila Realty Trust Inc. (SILA) on Tuesday reported a key measure of profitability in its third quarter.
The Tampa, Florida-based real estate investment trust said it had funds from operations of $31.7 million, or 57 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 net income of $11.9 million, or 21 cents per share.
The real estate investment trust, based in Tampa, Florida, posted revenue of $46.1 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 SILA at https://www.zacks.com/ap/SILA
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
