CHICAGO – CHICAGO (AP) _ Equity Commonwealth (EQC) on Monday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Chicago, said it had funds from operations of $17.5 million, or 14 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 $185.6 million, or $1.48 per share.
The office building real estate investment trust posted revenue of $58.6 million in the period.
The company's shares have risen 3.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.57, rising slightly in the last 12 months.
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