BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Elme Communities (ELME) on Monday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $20.7 million, or 23 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 a loss of $3 million, or 3 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $61.1 million in the period.

Elme expects full-year revenue of $940,000.

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