Equity Commonwealth: 3Q Earnings Snapshot
{{#rendered}} {{/rendered}}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 $21.6 million, or 18 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.
{{#rendered}} {{/rendered}}The company said it had net income of $30.8 million, or 25 cents per share.
The office building real estate investment trust posted revenue of $46.9 million in the period.
The company's shares have dropped roughly 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.68, a fall of 1 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on EQC at https://www.zacks.com/ap/EQC