MINOT, N.D. (AP) — MINOT, N.D. (AP) — Centerspace (CSR) on Tuesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Minot, North Dakota, said it had funds from operations of $24.6 million, or $1.25 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 $18.4 million, or $1.10 per share.
The real estate investment trust, based in Minot, North Dakota, posted revenue of $66.6 million in the period.
For the year, the company reported funds from operations of $97.7 million. Revenue was reported as $273.7 million.
Centerspace expects full-year funds from operations in the range of $4.81 to $5.05 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSR at https://www.zacks.com/ap/CSR
/AI%20(artificial%20intelligence)/AI%20microchip%20by%20DesignKingBD360%20via%20Shutterstock.jpg)
/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg)
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
