WAKEFIELD, Mass. (AP) _ Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $9 million, or 9 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 $17.2 million, or 17 cents per share.

The hybrid real estate investment trust posted revenue of $40.8 million in the period.

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