HOUSTON (AP) _ Camden Property Trust (CPT) on Thursday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.

The Houston-based real estate investment trust said it had funds from operations of $125.6 million, or $1.24 per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.33 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 $95 million, or 95 cents per share.

The real estate investment trust posted revenue of $263.5 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $262.3 million.

For the year, the company reported funds from operations of $505.4 million, or $5.04 per share. Revenue was reported as $1.03 billion.

Camden expects full-year funds from operations to be $5.30 to $5.50 per share.

The company's shares have risen 4.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $110.85, a rise of 15% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPT at https://www.zacks.com/ap/CPT

Automated Insights, source Associated Press News