Equity Commonwealth Q1 2024 Earnings Report
Key Takeaways
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.
Net income attributable to common shareholders was $23.4 million, or $0.22 per diluted share.
FFO was $27.8 million, or $0.26 per diluted share.
Normalized FFO was $27.6 million, or $0.25 per diluted share.
The company's cash and cash equivalents balance was $2.2 billion as of March 31, 2024.
Equity Commonwealth
Equity Commonwealth
Forward Guidance
Equity Commonwealth is focused on maximizing shareholder value by evaluating investment opportunities and taking steps to facilitate the potential wind down of the business. Before the end of this year, they expect to either announce a transaction or move forward with a plan to wind down the business.