LOS ANGELES (AP) _ Colony Capital (CLNY) on Friday reported a key measure of profitability in its third quarter, after reporting a loss in the same period a year earlier.
The Los Angeles-based real estate investment trust said it had funds from operations of $4.8 million, or 1 cent 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 $205.8 million, or 44 cents per share.
The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $316.7 million in the period. Its adjusted revenue was $14.8 million.
The company's shares closed at $3.73. A year ago, they were trading at $5.48.
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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 CLNY at https://www.zacks.com/ap/CLNY