PHILADELPHIA (AP) _ Pennsylvania Real Estate Investment Trust (PEI) on Friday reported a key measure of profitability in its third quarter.
The Philadelphia-based real estate investment trust said it had funds from operations of $2.7 million, or 3 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 $35.7 million, or 46 cents per share.
The shopping mall real estate investment trust posted revenue of $64.2 million in the period.
The company's shares closed at 40 cents. A year ago, they were trading at $5.94.
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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 PEI at https://www.zacks.com/ap/PEI