Equity Commonwealth: 4Q Earnings Snapshot
AP wire

Equity Commonwealth: 4Q Earnings Snapshot

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CHICAGO (AP) — Equity Commonwealth (EQC) on Wednesday 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 $19.7 million, or 16 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 $14 million, or 11 cents per share.

The office building real estate investment trust posted revenue of $26 million in the period.

For the year, the company reported funds from operations of $95.7 million. Revenue was reported as $127.9 million.

The company's shares have increased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.92, an increase of almost 1% 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

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