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Equity Commonwealth: 3Q Earnings Snapshot

Associated Press
Updated ·1-min read

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

The Chicago-based real estate investment trust said it had funds from operations of $3.4 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 a loss of $1.6 million, or 1 cent per share.

The office building real estate investment trust posted revenue of $16.5 million in the period.

The company's shares have dropped 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.08, a decrease of 17% 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