JACKSONVILLE, Fla. (AP) _ Regency Centers Corp. (REG) on Thursday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.

The Jacksonville, Florida-based real estate investment trust said it had funds from operations of $174.2 million, or $1.01 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 96 cents 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 $67.9 million, or 39 cents per share.

The shopping center real estate investment trust, based in Jacksonville, Florida, posted revenue of $296.9 million in the period.

For the year, the company reported funds from operations of $688.7 million. Revenue was reported as $1.17 billion.

Regency Centers expects full-year funds from operations in the range of $3.72 to $3.80 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 REG at https://www.zacks.com/ap/REG

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