DALLAS (AP) _ CyrusOne Inc. (CONE) on Wednesday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.

The real estate investment trust, based in Dallas, said it had funds from operations of $127.2 million, or $1.02 per share, in the period.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 99 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 $6.7 million, or 5 cents per share.

The data center operator posted revenue of $304.1 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $291.8 million.

CyrusOne expects full-year funds from operations in the range of $4.03 to $4.08 per share, with revenue in the range of $1.18 billion to $1.2 billion.

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

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