MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Commercial Corp. (GOOD) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $17.9 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 net income of $2.2 million, or 5 cents per share.
The real estate investment trust, based in McLean, Virginia, posted revenue of $43.5 million in the period.
For the year, the company reported funds from operations of $65.7 million. Revenue was reported as $161.3 million.
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