LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Little Rock, Arkansas, said it had funds from operations of $109.9 million, or 42 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 a loss of $47.2 million, or 20 cents per share.
The real estate investment trust posted revenue of $275.3 million in the period.
For the year, the company reported funds from operations of $403.3 million, or $1.72 per share. Revenue was reported as $1.07 billion.
Uniti expects full-year revenue in the range of $1.08 billion to $1.09 billion.
The company's shares have risen slightly more than 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.01, a climb of 21% in the last 12 months.