SAN DIEGO (AP) _ Retail Opportunity Investments Corp. (ROIC) on Tuesday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.

The San Diego-based real estate investment trust said it had funds from operations of $31.1 million, or 25 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 25 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 $21.1 million, or 17 cents per share.

The real estate investment trust, based in San Diego, posted revenue of $71.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $71.5 million.

Retail Opportunity Investments expects full-year funds from operations in the range of 98 cents to $1.02 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 ROIC at https://www.zacks.com/ap/ROIC

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