TAMPA, Fla. (AP) 鈥� TAMPA, Fla. (AP) 鈥� Sila Realty Trust Inc. (SILA) on Thursday reported a key measure of profitability in its first quarter.
The Tampa, Florida-based real estate investment trust said it had funds from operations of $33.5 million, or 61 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 $12.4 million, or 22 cents per share.
The real estate investment trust, based in Tampa, Florida, posted revenue of $52.7 million in the period.
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