SCOTTSDALE, Ariz. (AP) _ Store Capital Corp. (STOR) on Wednesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations.

The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $163.8 million, or 58 cents per share, in the period.

The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 55 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 $90.5 million, or 32 cents per share.

The retail real estate investment trust, based in Scottsdale, Arizona, posted revenue of $223.8 million in the period. Its adjusted revenue was $210 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $207.6 million.

Store Capital expects full-year funds from operations in the range of $2.25 to $2.27 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 STOR at https://www.zacks.com/ap/STOR

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