DALLAS (AP) — DALLAS (AP) — NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $16.9 million, or 66 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 $8.6 million, or 34 cents per share.

The real estate investment trust, based in Dallas, posted revenue of $64.6 million in the period.

NexPoint Residential Trust Inc. expects full-year funds from operations in the range of $2.35 to $2.54 per share.

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