BOCA RATON, Fla. (AP) _ Geo Group Inc. (GEO) on Thursday reported a key measure of profitability in its third quarter.

The Boca Raton, Florida-based real estate investment trust said it had funds from operations of $73.9 million, or 60 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 net income of $38.3 million, or 26 cents per share.

The private prison operator, based in Boca Raton, Florida, posted revenue of $616.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $605.9 million.

For the current quarter ending in December, Geo Group said it expects revenue in the range of $600 million to $605 million.

The company expects full-year funds from operations in the range of $2.47 to $2.49 per share, with revenue expected to be $2.36 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEO at https://www.zacks.com/ap/GEO

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