LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Friday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Little Rock, Arkansas, said it had funds from operations of $117.5 million, or 44 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 $35.6 million, or 15 cents per share.

The real estate investment trust, based in Little Rock, Arkansas, posted revenue of $293 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $279.7 million.

For the year, the company reported funds from operations of $444.1 million. Revenue was reported as $1.1 billion.

Uniti expects full-year funds from operations in the range of $1.71 to $1.78 per share, with revenue in the range of $1.12 billion to $1.14 billion.

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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