LOS ANGELES (AP) — LOS ANGELES (AP) — Kilroy Realty Corp. (KRC) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Los Angeles, said it had funds from operations of $144.9 million, or $1.20 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 $59.5 million, or 50 cents per share.
The real estate investment trust, based in Los Angeles, posted revenue of $286.4 million in the period.
For the year, the company reported funds from operations of $551.6 million. Revenue was reported as $1.14 billion.
Kilroy Realty expects full-year funds from operations in the range of $3.85 to $4.05 per share.
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