GREAT NECK, N.Y. (AP) — GREAT NECK, N.Y. (AP) — One Liberty Properties Inc. (OLP) on Wednesday reported a key measure of profitability in its fourth quarter.

The Great Neck, New York-based real estate investment trust said it had funds from operations of $10.8 million, or 50 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 $10.5 million, or 49 cents per share.

The real estate investment trust, based in Great Neck, New York, posted revenue of $23.9 million in the period.

For the year, the company reported funds from operations of $41.2 million. Revenue was reported as $90.6 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 OLP at https://www.zacks.com/ap/OLP