BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Chiron Real Estate Inc. (XRN) on Wednesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $14.1 million, or 97 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 $749,000, or 6 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $38.1 million in the period.

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