GREENWICH, Conn. (AP) _ Urstadt Biddle Properties Inc. (UBA) on Monday reported a key measure of profitability in its fiscal second quarter.

The Greenwich, Connecticut-based real estate investment trust said it had funds from operations of $11.7 million, or 31 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 $4.6 million, or 12 cents per share.

The commercial real estate investment trust posted revenue of $32.9 million in the period.

The company's shares have increased 33% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.79, an increase of 15% in the last 12 months.

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

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