DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Wednesday reported a loss in a key measure in its fourth quarter.
The Dallas-based real estate investment trust said it had a funds from operations loss of $8.4 million, or 37 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 $16.3 million, or 72 cents per share.
The real estate investment trust, based in Dallas, posted revenue of $29.5 million in the period.
For the year, the company reported funds from operations of $20.7 million. Revenue was reported as $119.3 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 CMCT at https://www.zacks.com/ap/CMCT