NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Tuesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in New York, said it had funds from operations of $71.7 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 a loss of $59.5 million, or 26 cents per share.

The real estate investment trust, based in New York, posted revenue of $206.7 million in the period.

For the year, the company reported funds from operations of $199.8 million. Revenue was reported as $515.1 million.

Global Net Lease expects full-year funds from operations in the range of $1.30 to $1.40 per share.

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