Equity Commonwealth Q2 2022 Earnings Report
Key Takeaways
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.
Net income attributable to common shareholders was $0.9 million, or $0.01 per diluted share.
Funds from Operations (FFO) were $5.2 million, or $0.05 per diluted share.
Normalized FFO was $5.1 million, or $0.04 per diluted share.
Same property NOI increased 8.0% compared to the same period in 2021.