NEW YORK (AP) _ Vornado Realty Trust (VNO) on Monday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.

The real estate investment trust, based in New York, said it had funds from operations of $133.2 million, or 69 cents per share, in the period.

The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 69 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 $48 million, or 25 cents per share.

The real estate investment trust posted revenue of $378.9 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $383.4 million.

The company's shares have climbed 16% since the beginning of the year, while the S&P's 500 index has increased 17%. In the final minutes of trading on Monday, shares hit $43.30, a rise of 25% 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 VNO at https://www.zacks.com/ap/VNO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News