COLUMBUS, Ohio (AP) _ Washington Prime Group Inc. (WPG) on Thursday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Columbus, Ohio, said it had funds from operations of $16.6 million, or 7 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 $43.7 million, or 23 cents per share.
The real estate investment trust posted revenue of $123.7 million in the period.
The company's shares closed at 64 cents. A year ago, they were trading at $4.57.
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