ATLANTA (AP) 鈥� ATLANTA (AP) 鈥� Piedmont Realty Trust, Inc. (PDM) on Thursday reported a key measure of profitability in its first quarter.
The Atlanta-based real estate investment trust said it had funds from operations of $46 million, or 36 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 $12.9 million, or 10 cents per share.
The commercial real estate investment trust, based in Atlanta, posted revenue of $143.3 million in the period.
Piedmont Realty Trust expects full-year funds from operations in the range of $1.49 to $1.54 per share.
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