PORT WASHINGTON, N.Y. (AP) _ Cedar Realty Trust Inc. (CDR) on Thursday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Port Washington, New York, said it had funds from operations of $9.8 million, or 71 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 net income of $3.3 million, or 25 cents per share.

The real estate investment trust posted revenue of $33.3 million in the period.

For the year, the company reported funds from operations of $39.8 million, or $2.88 per share. Revenue was reported as $135.5 million.

The company's shares have risen 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.04, a decline of 32% 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 CDR at https://www.zacks.com/ap/CDR

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