SOUTHFIELD, Mich. (AP) _ Sun Communities Inc. (SUI) on Wednesday reported a key measure of profitability in its first quarter.

The Southfield, Michigan-based real estate investment trust said it had funds from operations of $117.3 million, or $1.22 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 $16.1 million, or 17 cents per share.

The real estate investment trust posted revenue of $310.3 million in the period.

The company's shares have declined 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $121.50, a rise of slightly more than 3% 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 SUI at https://www.zacks.com/ap/SUI

Automated Insights, source Associated Press News