WASHINGTON (AP) _ Washington Real Estate Investment Trust (WRE) on Thursday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations.

The Washington-based real estate investment trust said it had funds from operations of $18.2 million, or 21 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 22 cents per share.

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 $8.9 million, or 10 cents per share.

The real estate investment trust, based in Washington, posted revenue of $51.4 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $51.3 million.

Washington Reit expects full-year funds from operations in the range of 86 cents to 90 cents per share.

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

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