COLUMBIA, Md. (AP) — COLUMBIA, Md. (AP) — COPT Defense Properties (CDP) on Monday reported a key measure of profitability in its second quarter.

The Columbia, Maryland-based real estate investment trust said it had funds from operations of $69.1 million, or 71 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 $46.4 million, or 40 cents per share.

The real estate investment trust specializing in suburban office properties, based in Columbia, Maryland, posted revenue of $197.4 million in the period.

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