NEW YORK (AP) — NEW YORK (AP) — Getty Realty Corp. (GTY) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in New York, said it had funds from operations of $37.6 million, or 63 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 $27 million, or 45 cents per share.
The real estate investment trust, based in New York, posted revenue of $60.5 million in the period. Its adjusted revenue was $60 million.
For the year, the company reported funds from operations of $141.4 million. Revenue was reported as $219.6 million.
Getty Realty expects full-year funds from operations in the range of $2.48 to $2.50 per share.
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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 GTY at https://www.zacks.com/ap/GTY