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.