LOS ANGELES (AP) — Colony NorthStar Inc. (CLNS) on Thursday reported a key measure of profitability in its fourth quarter.

The real estate and investment management firm, based in Los Angeles, said it had funds from operations of $95.1 million, or 16 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 $368.1 million, or 69 cents per share.

Colony NorthStar posted revenue of $720.3 million in the period.

The company's shares have dropped 32 percent since the beginning of the year. The stock has dropped 47 percent in the last 12 months.

_____

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLNS at https://www.zacks.com/ap/CLNS

_____

This story has been corrected to show that the company changed its name to Colony NorthStar Inc. from NorthStar Asset Management Group in 2017.