Newz(OLP) on Wednesday reported a key measure of profitability in its second quarter. The Great Neck, New York-based real estate investment trust said it had funds from operations of $11.2 million, or 51 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 $15.7 million, or 71 cents per share. The real estate investment trust, based in Great Neck, New York, posted revenue of $27 million in the period.
_____ 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 Source (XRN) on Wednesday reported a key measure of profitability in its second quarter.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $12.7 million, or 88 cents per share, in the period. The company said it had net income of $63.3 million, or $4.78 per share. The real estate investment trust, based in Bethesda, Maryland, posted revenue of $39.7 million in the period.
Access a Zacks stock report on XRN at https://www.zacks.com/ap/XRN Source (GOOD) on Wednesday reported a key measure of profitability in its second quarter. The McLean, Virginia-based real estate investment trust said it had funds from operations of $18.3 million, or 38 cents per share, in the period.
The company said it had net income of $5.1 million, or 11 cents per share. The real estate investment trust, based in McLean, Virginia, posted revenue of $44 million in the period. Access a Zacks stock report on GOOD at https://www.zacks.com/ap/GOOD Source
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