BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $11.6 million, or 14 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 $59.9 million, or 72 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $130.8 million in the period. Its adjusted revenue was $108.4 million.

For the year, the company reported funds from operations of $73.9 million. Revenue was reported as $457 million.

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