Equity Commonwealth Q2 2023 Earnings Report
Key Takeaways
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.
Net income attributable to common shareholders was $13.8 million, or $0.12 per diluted share.
FFO was $18.3 million, or $0.16 per diluted share.
Normalized FFO was $24.6 million, or $0.22 per diluted share.
Cash and cash equivalents balance was $2.2 billion as of June 30, 2023.