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Mar 31, 2023
Equity Commonwealth Q1 2023 Earnings Report
Reported financial results for the quarter ended March 31, 2023.
Key Takeaways
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.
Net income attributable to common shareholders was $20.7 million, or $0.19 per diluted share.
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.
Cash and cash equivalents balance was $2.1 billion as of March 31, 2023.