CHATTANOOGA, Tenn. (AP) _ CBL & Associates Properties Inc. (CBL) on Thursday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Chattanooga, Tennessee, said it had funds from operations of $9.7 million, or 5 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 $69.8 million, or 36 cents per share.

The owner and operator of retail properties posted revenue of $124.2 million in the period.

The company's shares closed at 25 cents. A year ago, they were trading at 90 cents.

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

Automated Insights, source Associated Press News