DALLAS (AP) _ NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $18.6 million, or 74 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 a loss of $5.4 million, or 21 cents per share.

The real estate investment trust, based in Dallas, posted revenue of $56.4 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $55.2 million.

NexPoint Residential Trust Inc. expects full-year funds from operations to be $2.71 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 NXRT at https://www.zacks.com/ap/NXRT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News