LOS ANGELES (AP) — LOS ANGELES (AP) — Creative Media & Community Trust Corporation (CMCT) on Friday reported a loss in a key measure in its first quarter.

The Los Angeles-based real estate investment trust said it had a funds from operations loss of $5.9 million, or $11.89 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 $34.7 million, or $70.52 per share.

The real estate investment trust, based in Los Angeles, posted revenue of $29.4 million in the period.

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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 CMCT at https://www.zacks.com/ap/CMCT