AUSTIN, Texas (AP) _ Digital Realty Trust Inc. (DLR) on Thursday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations.

The real estate investment trust, based in Austin, Texas, said it had funds from operations of $445.8 million, or $1.54 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.58 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 $127.4 million, or 45 cents per share.

The real estate investment trust posted revenue of $1.09 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $1.08 billion.

Digital Realty Trust expects full-year funds from operations in the range of $6.45 to $6.50 per share, with revenue in the range of $4.33 billion to $4.43 billion.

The company's shares have increased almost 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $150.49, a drop of slightly more than 4% 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 DLR at https://www.zacks.com/ap/DLR

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