ATLANTA (AP) — ATLANTA (AP) — Cousins Properties Inc. (CUZ) on Wednesday reported a key measure of profitability in its fourth quarter. The results met Wall Street expectations.

The real estate investment trust, based in Atlanta, said it had funds from operations of $98.3 million, or 65 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 65 cents per share.

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 $18.8 million, or 12 cents per share.

The real estate company, based in Atlanta, posted revenue of $197 million in the period. Its adjusted revenue was $196.6 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $202.4 million.

For the year, the company reported funds from operations of $398.3 million. Revenue was reported as $799 million.

Cousins Properties expects full-year funds from operations to be $2.57 to $2.67 per share.

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