Shares in Maguire Properties Inc. dropped nearly 10 percent Wednesday after the company reported its fifth-straight quarterly loss.

Maguire reported a second-quarter net loss $24 million (minus 52 cents per share), greater than the loss of $15 million (minus 31 cents) the company reported in the same period a year earlier.

Revenues for the Los Angeles-based real estate investment trust were up 39 percent to $145 million.

Maguire also said in its filing that proceeds from the sale of properties during the quarter were $195 million, mainly coming from the sale of properties the company acquired in a $2.9 billion deal in April.

Shares in Maguire were down $2.64, or 9.2 percent, to $25.97 in afternoon trading Wednesday on the New York Stock Exchange.