MCLEAN, Va. (AP) _ Gladstone Commercial Corp. (GOOD) on Wednesday reported a key measure of profitability in its fourth quarter.
The McLean, Virginia-based real estate investment trust said it had funds from operations of $9.4 million, or 38 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 $312,000, or 1 cent per share.
The real estate investment trust posted revenue of $22 million in the period.
For the year, the company reported funds from operations of $37.1 million, or $1.55 per share. Revenue was reported as $86.4 million.
The company's shares have declined 0.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.99, a rise of 46 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOD at https://www.zacks.com/ap/GOOD
Keywords: Gladstone Commercial, Earnings Report