Equity Commonwealth reports 4Q results

CHICAGO (AP) _ Equity Commonwealth (EQC) on Wednesday reported a key measure of profitability in its fourth quarter.

The Chicago-based real estate investment trust said it had funds from operations of $29.6 million, or 23 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $10.3 million, or 8 cents per share.

The office building real estate investment trust posted revenue of $103.5 million in the period.

For the year, the company reported funds from operations of $149.4 million, or $1.18 per share. Revenue was reported as $500.7 million.

The company's shares have increased 1.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.69, an increase of 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EQC at https://www.zacks.com/ap/EQC


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