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

The Massapequa, New York-based real estate investment trust said it had funds from operations of $8.9 million, or 65 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 $3.7 million, or 28 cents per share.

The real estate investment trust posted revenue of $30.5 million in the period.

The company's shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.29, an increase of 81% 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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