Equity Commonwealth Q3 2022 Earnings Report
Key Takeaways
Equity Commonwealth reported a net income of $10.2 million, or $0.09 per diluted share, for the quarter ended September 30, 2022, compared to a net loss of $4.8 million, or $0.04 per diluted share, for the same quarter in 2021. Funds from Operations (FFO) was $14.5 million, or $0.13 per diluted share, compared to $(0.3) million, or $(0.00) per diluted share in 2021. Normalized FFO was also $14.5 million, or $0.13 per diluted share, compared to $(0.7) million, or $(0.01) per diluted share in the prior year. The company's cash and cash equivalents balance was $2.7 billion as of September 30, 2022.
Net income attributable to common shareholders was $10.2 million, or $0.09 per diluted share.
Funds from Operations (FFO) was $14.5 million, or $0.13 per diluted share.
Normalized FFO was $14.5 million, or $0.13 per diluted share.
Same property NOI increased 16.8% compared to the same period in 2021.
Equity Commonwealth
Equity Commonwealth
Equity Commonwealth Revenue by Segment
Forward Guidance
Some of the statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws.