CHRISTIANSTED, Virgin Islands (AP) _ Front Yard Residential Corp. (RESI) on Wednesday reported a key measure of profitability in its third quarter.
The Christiansted, Virgin Islands-based real estate investment trust said it had funds from operations of $11 million, or 19 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 $63.2 million, or $1.08 per share.
The owner of single-family rental properties, based in Christiansted, Virgin Islands, posted revenue of $56.9 million in the period.
The company's shares have climbed 8.5% since the beginning of the year. The stock has risen 14% in the last 12 months.
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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 RESI at https://www.zacks.com/ap/RESI