DENVER (AP) _ Farmland Partners Inc. (FPI) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Denver, said it had funds from operations of $5 million, or 16 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 million, or 6 cents per share.

The real estate investment trust specializing in farmland posted revenue of $17.9 million in the period.

For the year, the company reported funds from operations of $1.8 million. Revenue was reported as $50.7 million.

The company's shares have climbed 57% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.70, more than doubling 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 FPI at https://www.zacks.com/ap/FPI

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