PHILADELPHIA (AP) — PHILADELPHIA (AP) — Brandywine Realty Trust (BDN) on Tuesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Philadelphia, said it had funds from operations of $14.6 million, or 8 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 $36.9 million, or 21 cents per share.
The real estate investment trust posted revenue of $121 million in the period.
For the year, the company reported funds from operations of $93.4 million. Revenue was reported as $484.5 million.
Brandywine Realty Trust expects full-year funds from operations in the range of 51 cents to 59 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $2.82. A year ago, they were trading at $5.35.
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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 BDN at https://www.zacks.com/ap/BDN