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CorEnergy: 2Q Earnings Snapshot

July 31, 2019

KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Wednesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Kansas City, Missouri, said it had funds from operations of $13.6 million, or 99 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 $7.5 million, or 59 cents per share.

The traded fund, based in Kansas City, Missouri, posted revenue of $21.5 million in the period.

The company’s shares have increased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.37, a climb of 6% 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 CORR at https://www.zacks.com/ap/CORR

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