Tier Reit reports 4Q results

DALLAS (AP) _ Tier Reit Inc. (TIER) on Monday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $19.1 million, or 40 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 $6.3 million, or 13 cents per share.

The real estate investment trust posted revenue of $54.1 million in the period.

For the year, the company reported funds from operations of $79.5 million, or $1.66 per share. Revenue was reported as $242.8 million.

Tier Reit expects full-year funds from operations in the range of $1.38 to $1.48 per share.

The company's shares have climbed 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.44, a rise of 36 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 TIER at https://www.zacks.com/ap/TIER


Keywords: Tier Reit, Earnings Report