PHOENIX (AP) _ Vereit Inc. (VER) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations.

The real estate investment trust, based in Phoenix, said it had funds from operations of $169.8 million, or 76 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 77 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 a loss of $37.8 million, or 21 cents per share.

The real estate investment trust posted revenue of $287.9 million in the period. Its adjusted revenue was $287.4 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $295.2 million.

For the year, the company reported funds from operations of $678.4 million, or $3.11 per share, swinging to a profit in the period. Revenue was reported as $1.16 billion.

Vereit expects full-year funds from operations in the range of $3.20 to $3.30 per share.

The company's shares have increased slightly more than 1% since the beginning of the year. The stock has dropped 23% 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 VER at https://www.zacks.com/ap/VER

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