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

The Denver-based real estate investment trust said it had funds from operations of $8.9 million, or 19 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 $6.3 million, or 14 cents per share.

The real estate investment trust specializing in farmland posted revenue of $20 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $19.4 million.

Revenue was reported as $51.7 million.

Farmland Partners expects full-year funds from operations in the range of 19 cents to 25 cents per share.

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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