VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Wheeler Real Estate Investment Trust Inc. (WHLR) on Tuesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $2.1 million, or $3.65 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 $7.8 million, or $13.74 per share.

The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $26.3 million in the period.

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