Mid-Atlantic Realty Trust said yesterday that it recorded a 33 percent gain in its third-quarter operational income.
MART, a Linthicum-based real estate investment trust (REIT), reported funds from operations -- a key gauge of a REIT's performance -- of $1.5 million, or 24 cents a share, for the period ended Sept. 30, compared with pro forma results of $1.15 million, or 18 cents a share, for the same period last year.
Revenue for the three months increased to $5.4 million from $4.8 million in the comparable 1993 quarter.
For the nine months, MART reported a 17 percent increase in funds from operations to $5.1 million, or 82 cents a share.