MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Four Corners Property Trust Inc. (FCPT) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Mill Valley, California, said it had funds from operations of $48.1 million, or 45 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 $29.4 million, or 28 cents per share.
The real estate investment trust, based in Mill Valley, California, posted revenue of $75.7 million in the period.
For the year, the company reported funds from operations of $183.4 million. Revenue was reported as $294.1 million.
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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 FCPT at https://www.zacks.com/ap/FCPT