Equity Commonwealth: Q2 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — Equity Commonwealth (EQC) on Tuesday 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 $26.1 million, or 24 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 $22.2 million, or 20 cents per share.
The office building real estate investment trust, based in Chicago, posted revenue of $14.1 million in the period.
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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