CorEnergy: 3Q Earnings Snapshot
{{#rendered}} {{/rendered}}KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Wednesday reported a key measure of profitability in its third quarter.
The Kansas City, Missouri-based real estate investment trust said it had funds from operations of $12.2 million, or $1.02 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.
{{#rendered}} {{/rendered}}The company said it had net income of $5.3 million, or 44 cents per share.
The traded fund, based in Kansas City, Missouri, posted revenue of $22.6 million in the period.
The company's shares have declined almost 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.46, a climb of 1 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CORR at https://www.zacks.com/ap/CORR