AGOURA HILLS, Calif. (AP) _ American Homes 4 Rent (AMH) on Thursday reported a key measure of profitability in its second quarter. The results met Wall Street expectations.

The Agoura Hills, California-based real estate investment trust said it had funds from operations of $94.8 million, or 27 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 27 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 $15.4 million, or 5 cents per share.

The real estate company posted revenue of $283.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $283.2 million.

The company's shares have risen 10% since the beginning of the year. The stock has increased 20% 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 AMH at https://www.zacks.com/ap/AMH

Automated Insights, source Associated Press News