PORT WASHINGTON, N.Y. (AP) _ Cedar Realty Trust Inc. (CDR) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.

The Port Washington, New York-based real estate investment trust said it had funds from operations of $16.7 million, or 18 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 18 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 a loss of $4.9 million, or 6 cents per share.

The real estate investment trust posted revenue of $42.5 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $39.3 million.

In the final minutes of trading on Thursday, the company's shares hit 74 cents. A year ago, they were trading at $3.12.

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

Automated Insights, source Associated Press News