LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Thursday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier.

The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $106.7 million, or 41 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 $51.5 million, or 20 cents per share.

The real estate investment trust posted revenue of $268.2 million in the period.

Uniti expects full-year revenue in the range of $1.08 billion to $1.09 billion.

The company's shares have risen nearly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.04, a rise of 18% in the last 12 months.

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

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