Outfront Media: 4Q Earnings Snapshot

NEW YORK (AP) _ Outfront Media Inc. (OUT) on Thursday 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 $49.9 million, or 35 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 net income of $4.3 million, or a loss of 2 cents per share.

The billboard, transit and digital display advertising company, based in New York, posted revenue of $335.8 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $318 million.

For the year, the company reported funds from operations of $96.3 million. Revenue was reported as $1.24 billion.

The company's shares have climbed nearly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.66, a fall of 28% in the last 12 months.

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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 OUT at https://www.zacks.com/ap/OUT