PHILADELPHIA (AP) — PHILADELPHIA (AP) — Pennsylvania Real Estate Investment Trust (PRET) on Tuesday reported a key measure of profitability in its third quarter.

The Philadelphia-based real estate investment trust said it had funds from operations of $28.7 million, or $5.33 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 $63.9 million, or $12 per share.

The shopping mall real estate investment trust, based in Philadelphia, posted revenue of $68 million in the period.

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