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Colony Capital: 2Q Earnings Snapshot

August 9, 2019

LOS ANGELES (AP) _ Colony Capital (CLNY) on Friday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier.

The real estate investment trust, based in Los Angeles, said it had funds from operations of $57.1 million, or 11 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 $468.9 million, or 98 cents per share.

The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $573.4 million in the period. Its adjusted revenue was $35.1 million.

The company’s shares have climbed 18% since the beginning of the year. The stock has dropped slightly more than 9% in the last 12 months.

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

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