GREAT NECK, N.Y. – GREAT NECK, N.Y. (AP) _ BRT Realty Trust (BRT) on Tuesday reported a key measure of profitability in its fiscal second quarter.
The Great Neck, New York-based real estate investment trust said it had funds from operations of $3.6 million, or 25 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 $25.2 million, or $1.75 per share.
The real estate investment trust posted revenue of $29.7 million in the period.
The company's shares have climbed almost 4 percent since the beginning of the year. The stock has increased 51 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on BRT at https://www.zacks.com/ap/BRT
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