Equity Commonwealth: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:55 PM ET
Last Updated - Jun 21, 2023, 11:09 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Equity Commonwealth (EQC) on Wednesday reported a key measure of profitability in its first quarter.
The Chicago-based real estate investment trust said it had funds from operations of $25.3 million, or 23 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 net income of $20.7 million, or 19 cents per share.
