WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $2.7 million, or 3 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 $8.5 million, or 8 cents per share.
The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $28.4 million in the period.
For the year, the company reported funds from operations of $13.3 million. Revenue was reported as $120.1 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 FSP at https://www.zacks.com/ap/FSP
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