Colony Capital: 4Q Earnings Snapshot
LOS ANGELES (AP) _ Colony Capital (CLNY) on Thursday reported a key measure of profitability in its fourth quarter, after reporting a loss in the same period a year earlier.
The real estate investment trust, based in Los Angeles, said it had funds from operations of $18.2 million, or 3 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 $140.6 million, or 30 cents per share.
The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $338.8 million in the period. Its adjusted revenue was $10.4 million.
For the year, the company reported funds from operations of $46.7 million, swinging to a profit in the period. Revenue was reported as $80.5 million.
The company's shares have climbed 27% since the beginning of the year. The stock has increased 29% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLNY at https://www.zacks.com/ap/CLNY