Equity Commonwealth announced the completion of the sale of its last remaining property, 1225 Seventeenth Street Plaza, for $132.5 million. The company updated its estimated aggregate shareholder liquidating distribution range to $20.55 to $20.70 per common share. Net assets in liquidation at December 31, 2024 were approximately $179 million.

Equity Commonwealth reported a net loss of $28.2 million, or $0.26 per diluted share, for the quarter ended September 30, 2024, compared to a net income of $24.1 million, or $0.22 per diluted share, for the same period in 2023. The decrease in net income was primarily due to a $50.2 million loss on asset impairment. Same property NOI decreased 16.0% compared to the same period in 2023.

Equity Commonwealth reported a net income attributable to common shareholders of $22.2 million, or $0.20 per diluted share, for the quarter ended June 30, 2024, compared to $13.8 million, or $0.12 per diluted share, for the same period in 2023. FFO was $26.4 million, or $0.24 per diluted share, compared to $18.3 million, or $0.16 per diluted share in the previous year. Normalized FFO was $26.1 million, or $0.24 per diluted share, compared to $24.6 million, or $0.22 per diluted share for the same period in 2023.

Equity Commonwealth reported a net income attributable to common shareholders of $23.4 million, or $0.22 per diluted share, for the quarter ended March 31, 2024. FFO was $27.8 million, or $0.26 per diluted share, and Normalized FFO was $27.6 million, or $0.25 per diluted share.

Equity Commonwealth reported a net income attributable to common shareholders of $24.6 million, or $0.23 per diluted share, for the quarter ended December 31, 2023. FFO was $28.8 million, or $0.27 per diluted share, and Normalized FFO was $28.3 million, or $0.26 per diluted share for the same period. The same property portfolio was 81.2% leased as of December 31, 2023.

Equity Commonwealth reported a net income attributable to common shareholders of $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023. Funds from Operations (FFO) were $28.7 million, or $0.26 per diluted share, and Normalized FFO was $28.6 million, or $0.26 per diluted share.

Equity Commonwealth reported a net income attributable to common shareholders of $13.8 million, or $0.12 per diluted share, for the quarter ended June 30, 2023, compared to a net income of $0.9 million, or $0.01 per diluted share, for the same quarter in 2022. FFO for the quarter ended June 30, 2023, were $18.3 million, or $0.16 per diluted share, compared to $5.2 million, or $0.05 per diluted share for the same quarter in 2022. Normalized FFO was $24.6 million, or $0.22 per diluted share, for the quarter ended June 30, 2023, compared to $5.1 million, or $0.04 per diluted share for the same quarter in 2022.

Equity Commonwealth reported a net income attributable to common shareholders of $20.7 million, or $0.19 per diluted share, for the quarter ended March 31, 2023. Funds from Operations (FFO) were $25.1 million, or $0.22 per diluted share. Normalized FFO was $25.3 million, or $0.23 per diluted share. The company's cash and cash equivalents balance was $2.1 billion as of March 31, 2023.

Equity Commonwealth reported a net income attributable to common shareholders of $18.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022, compared to a net loss of $3.6 million, or $0.03 per diluted share, for the same quarter in 2021. FFO for the quarter was $23.5 million, or $0.21 per diluted share, compared to $0.7 million, or $0.01 per diluted share, for the same period in 2021. Normalized FFO was $23.9 million, or $0.21 per diluted share, compared to $0.4 million, or $0.00 per diluted share in 2021. The increase in net income was primarily due to an increase in interest income from higher average interest rates.

Equity Commonwealth reported a net income of $10.2 million, or $0.09 per diluted share, for the quarter ended September 30, 2022, compared to a net loss of $4.8 million, or $0.04 per diluted share, for the same quarter in 2021. Funds from Operations (FFO) was $14.5 million, or $0.13 per diluted share, compared to $(0.3) million, or $(0.00) per diluted share in 2021. Normalized FFO was also $14.5 million, or $0.13 per diluted share, compared to $(0.7) million, or $(0.01) per diluted share in the prior year. The company's cash and cash equivalents balance was $2.7 billion as of September 30, 2022.

Equity Commonwealth reported a net income attributable to common shareholders of $0.9 million, or $0.01 per diluted share, for the quarter ended June 30, 2022, compared to a net loss of $3.9 million, or $0.03 per diluted share, for the same quarter in 2021. Funds from Operations (FFO) were $5.2 million, or $0.05 per diluted share, compared to $0.4 million, or $0.00 per diluted share in the prior year. Normalized FFO was $5.1 million, or $0.04 per diluted share, compared to $(0.1) million, or $(0.00) per diluted share in the prior year.

Equity Commonwealth reported a net loss attributable to common shareholders of $0.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2022. FFO was $3.7 million, or $0.03 per diluted share, and Normalized FFO was also $3.7 million, or $0.03 per diluted share. The company's cash and cash equivalents balance was $2.7 billion as of March 31, 2022.

Equity Commonwealth reported a net loss attributable to common shareholders of $3.6 million, or $0.03 per diluted share, for the quarter ended December 31, 2021. FFO was $0.7 million, or $0.01 per diluted share, and Normalized FFO was $0.4 million, or $0.00 per diluted share.

Equity Commonwealth reported a net loss of $4.8 million, or $0.04 per diluted share, for the quarter ended September 30, 2021, compared to a net loss of $1.6 million, or $0.01 per diluted share, for the quarter ended September 30, 2020. The decline in net income was primarily due to a decrease in lease termination income. Same property NOI decreased 20.7% when compared to the same period in 2020.

Equity Commonwealth reported a net loss attributable to common shareholders of $3.9 million, or $0.03 per diluted share, for the quarter ended June 30, 2021. This compares to a net income of $25.8 million, or $0.21 per diluted share, for the quarter ended June 30, 2020. The decline in net income was primarily a result of a decrease in gains from property sales.

Equity Commonwealth reported a net loss of $12 million, or $0.10 per diluted share, for the quarter ended March 31, 2021. FFO was ($7.7) million, or ($0.06) per diluted share, and Normalized FFO was ($0.9) million, or ($0.01) per diluted share.

Equity Commonwealth reported a net loss attributable to common shareholders of $3.7 million, or $0.03 per diluted share, for the quarter ended December 31, 2020. FFO was $0.6 million, or $0.00 per diluted share, and Normalized FFO was $0.6 million, or $0.00 per diluted share for the same period. The company's same property portfolio was 85.7% leased as of December 31, 2020.

Equity Commonwealth reported a net loss attributable to common shareholders of $1.6 million, or $0.01 per diluted share, for the quarter ended September 30, 2020. Funds from Operations (FFO) were $3.3 million, or $0.03 per diluted share. The company's cash and cash equivalents balance was $3.4 billion.

Equity Commonwealth reported a net income attributable to common shareholders of $25.8 million, or $0.21 per diluted share, for the quarter ended June 30, 2020. FFO was $3.1 million, or $0.03 per diluted share, and Normalized FFO was $3.7 million, or $0.03 per diluted share. The company's cash and cash equivalents balance was $3.4 billion.

Equity Commonwealth reported a net income attributable to common shareholders of $422.8 million, or $3.35 per diluted share, for the quarter ended March 31, 2020. FFO was $8.8 million, or $0.07 per diluted share, and Normalized FFO was $10.5 million, or $0.08 per diluted share.

Equity Commonwealth reported a net income attributable to common shareholders of $14.0 million, or $0.11 per share, for the quarter ended December 31, 2019. FFO was $19.8 million, or $0.16 per share, and Normalized FFO was $19.7 million, or $0.16 per share. The company's balance of cash and cash equivalents was $2.8 billion as of December 31, 2019.