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

The Scottsdale, Arizona-based real estate investment trust said it had funds from operations of $137.1 million, or 50 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 49 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 $75 million, or 28 cents per share.

The retail real estate investment trust, based in Scottsdale, Arizona, posted revenue of $209.2 million in the period. Its adjusted revenue was $195.5 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $185.2 million.

For the year, the company reported funds from operations of $509.1 million. Revenue was reported as $729.1 million.

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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