CorEnergy: Q1 Earnings Snapshot

May 12, 2022 GMT

KANSAS CITY, Mo. (AP) _ CorEnergy Infrastructure Trust Inc. (CORR) on Thursday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Kansas City, Missouri, said it had funds from operations of $2.3 million, or 15 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 $84,000, or 1 cent per share.

The traded fund, based in Kansas City, Missouri, posted revenue of $32.9 million in the period.


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