Equity Commonwealth: Q4 Earnings Snapshot
By AP News
Published - Feb 12, 2024, 04:36 PM ET
Last Updated - Feb 12, 2024, 04:36 PM EST
CHICAGO (AP) — CHICAGO (AP) — Equity Commonwealth (EQC) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Chicago, said it had funds from operations of $28.3 million, or 26 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 $24.6 million, or 23 cents per share.
