Colony Capital: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

LOS ANGELES (AP) _ Colony Capital (CLNY) on Friday reported a loss in a key measure in its second quarter.

The Los Angeles-based real estate investment trust said it had a funds from operations loss of $19.3 million, or 4 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 $2.04 billion, or $4.33 per share.

The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $372.4 million in the period. Its adjusted revenue was $22.4 million.

The company's shares closed at $1.98. A year ago, they were trading at $5.41.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLNY at https://www.zacks.com/ap/CLNY