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Sep 30, 2023

Equity Commonwealth Q3 2023 Earnings Report

Reported financial results for the quarter ended September 30, 2023.

Key Takeaways

Equity Commonwealth reported a net income attributable to common shareholders of $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023. Funds from Operations (FFO) were $28.7 million, or $0.26 per diluted share, and Normalized FFO was $28.6 million, or $0.26 per diluted share.

Net income attributable to common shareholders was $24.1 million, or $0.22 per diluted share.

Funds from Operations (FFO) were $28.7 million, or $0.26 per diluted share.

Normalized FFO was $28.6 million, or $0.26 per diluted share.

Cash and cash equivalents balance was $2.1 billion as of September 30, 2023.

Total Revenue
$15.2M
Previous year: $15.1M
+0.6%
EPS
$0.26
Previous year: $0.13
+100.0%
Cash and Equivalents
$2.13B
Previous year: $2.69B
-21.0%
Total Assets
$2.39B
Previous year: $2.97B
-19.4%

Equity Commonwealth

Equity Commonwealth

Forward Guidance

No specific forward guidance was provided in the text.