IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — American Healthcare REIT Inc. (AHR) on Thursday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Irvine, California, said it had funds from operations of $105.2 million, or 54 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 $30.6 million, or 16 cents per share.

The real estate investment trust posted revenue of $674.3 million in the period. Its adjusted revenue was $671 million.

American Healthcare REIT expects full-year funds from operations in the range of $2.15 to $2.19 per share.

The company's shares have risen 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.71, an increase of 38% 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 AHR at https://www.zacks.com/ap/AHR