VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Wheeler Real Estate Investment Trust Inc. (WHLR) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $4.1 million, or $7.64 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 $5 million, or $9.45 per share.
The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $26.1 million in the period.
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