Equity Commonwealth Q3 2021 Earnings Report
Key Takeaways
Equity Commonwealth reported a net loss of $4.8 million, or $0.04 per diluted share, for the quarter ended September 30, 2021, compared to a net loss of $1.6 million, or $0.01 per diluted share, for the quarter ended September 30, 2020. The decline in net income was primarily due to a decrease in lease termination income. Same property NOI decreased 20.7% when compared to the same period in 2020.
Net loss attributable to common shareholders was $4.8 million, or $0.04 per diluted share.
FFO was ($0.3) million, or ($0.00) per diluted share.
Normalized FFO was ($0.7) million, or ($0.01) per diluted share.
Same property NOI decreased 20.7% when compared to the same period in 2020.
Equity Commonwealth
Equity Commonwealth
Forward Guidance
This press release contains forward-looking statements regarding the marketing of certain properties for sale and consummating any sales, including statements regarding the overall impact of COVID-19.