 MCLEAN, Va. AP _ Gladstone Commercial Corp. GOOD on Tuesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of 13.8 million, or 40 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share. 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 619,000, or 2 cents per share. The real estate investment trust posted revenue of 33.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected 30.3 million. The companys shares have fallen 27 since the beginning of the year. In the final minutes of trading on Tuesday, shares hit 16.05, a decline of 24 in the last 12 months. ___ This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on GOOD at 