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VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Wheeler Real Estate Investment Trust Inc. (WHLR) on Thursday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $679,000, or $1.75 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 $91.99 per share.
The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $24.8 million in the period.
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