UNIONDALE, NY (AP) _ The Arbor Realty Trust (ABR) reported an important measure of profitability in the fourth quarter on Friday.
The Real Estate Investment Trust, headquartered in Uniondale, New York, stated that it had working capital of USD 42.1 million or 34 cents per share in the reporting period.
Funds from Operations is a closely watched activity in the REIT industry. It takes the net result and adds items like depreciation and amortization.
The company said it generated a net profit of $ 35.5 million, or 34 cents per share.
The Real Estate Investment Trust generated sales of $ 82 million in the reporting period.
For the year, the company reported operating income of $ 158 million, or $ 1.36 per share. Revenue was reported at $ 315.9 million.
The company’s shares have risen 5% since the beginning of the year. The stock has risen 26% in the past 12 months.
This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABR at https://www.zacks.com/ap/ABR