LITTLE ROCK, Ark. (AP) — LITTLE ROCK, Ark. (AP) — Uniti Group Inc. (UNIT) on Friday reported a key measure of profitability in its fourth quarter.
The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $92 million, or 35 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 $21 million, or 9 cents per share.
The real estate investment trust, based in Little Rock, Arkansas, posted revenue of $293.3 million in the period.
For the year, the company reported funds from operations of $358.9 million. Revenue was reported as $1.17 billion.
Uniti expects full-year revenue in the range of $1.2 billion to $1.22 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNIT at https://www.zacks.com/ap/UNIT
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