WYOMISSING, Pa. – WYOMISSING, Pa. (AP) _ Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its third quarter.
The Wyomissing, Pennsylvania-based real estate investment trust said it had funds from operations of $164.1 million, or 76 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 net income of $104.8 million, or 49 cents per share.
The real estate investment trust posted revenue of $254.1 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $255 million.
The company's shares have fallen almost 9 percent since the beginning of the year. The stock has dropped slightly more than 7 percent in the last 12 months.
_____
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on GLPI at https://www.zacks.com/ap/GLPI
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
