LITTLE ROCK, Ark. (AP) — LITTLE ROCK, Ark. (AP) — Uniti Group Inc. (UNIT) on Thursday reported a key measure of profitability in its second quarter.

The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $99.1 million, or 34 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 $17.6 million, or 7 cents per share.

The real estate investment trust, based in Little Rock, Arkansas, posted revenue of $294.9 million in the period.

Uniti expects full-year revenue in the range of $1.15 billion to $1.17 billion.

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