Equity Commonwealth Q2 2024 Earnings Report
Key Takeaways
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.
Net income attributable to common shareholders increased to $22.2 million, or $0.20 per diluted share.
Funds From Operations (FFO) increased to $26.4 million, or $0.24 per diluted share.
Normalized FFO increased to $26.1 million, or $0.24 per diluted share.
The same property portfolio was 71.4% leased as of June 30, 2024, compared to 82.0% as of June 30, 2023.
Equity Commonwealth
Equity Commonwealth
Equity Commonwealth Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.