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Equity Commonwealth: 2Q Earnings Snapshot

Associated Press
Updated ·1-min read

CHICAGO (AP) _ Equity Commonwealth (EQC) on Wednesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Chicago, said it had funds from operations of $3.7 million, or 3 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 $25.8 million, or 21 cents per share.

The office building real estate investment trust posted revenue of $16.3 million in the period.

The company's shares have decreased almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.90, a fall of 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EQC at https://www.zacks.com/ap/EQC