GLENDALE, Calif. (AP) _ PS Business Parks Inc. (PSB) on Monday reported a key measure of profitability in its first quarter.

The Glendale, California-based real estate investment trust said it had funds from operations of $63.8 million, or $1.82 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 $72 million, or $2.60 per share.

The office and industrial space real estate investment trust, based in Glendale, California, posted revenue of $112.8 million in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSB at https://www.zacks.com/ap/PSB

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