DENVER (AP) _ CoreSite Realty Corp. (COR) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.

The Denver-based real estate investment trust said it had funds from operations of $69 million, or $1.42 per share, in the period.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.35 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 $25.2 million, or 59 cents per share.

The operator of large computing warehouses posted revenue of $162.1 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $160.3 million.

CoreSite expects full-year funds from operations in the range of $5.52 to $5.60 per share, with revenue in the range of $645 million to $653 million.

The company's shares have increased 11% since the beginning of the year. The stock has climbed 10% 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 COR at https://www.zacks.com/ap/COR

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