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Wheeler Real Estate reports 3Q results

VIRGINIA BEACH, Va. (AP) _ Wheeler Real Estate Investment Trust Inc. (WHLR) on Thursday reported a key measure of profitability in its third quarter.

The Virginia Beach, Virginia-based real estate investment trust said it had funds from operations of $4 million, or 46 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 $4.6 million, or 52 cents per share.

The real estate investment trust posted revenue of $15.2 million in the period.

The company's shares have decreased 28 percent since the beginning of the year. The stock has decreased 21 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHLR at https://www.zacks.com/ap/WHLR