ATLANTA (AP) — ATLANTA (AP) — Piedmont Office Realty Trust Inc. (PDM) on Thursday reported a key measure of profitability in its fourth quarter.
The Atlanta-based real estate investment trust said it had funds from operations of $46.4 million, or 37 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 $30 million, or 24 cents per share.
The commercial real estate investment trust, based in Atlanta, posted revenue of $143.2 million in the period.
For the year, the company reported funds from operations of $185.6 million. Revenue was reported as $570.3 million.
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