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CHICAGO (AP) — CHICAGO (AP) — Equity Commonwealth (EQC) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Chicago, said it had funds from operations of $28.3 million, or 26 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 $24.6 million, or 23 cents per share.
The office building real estate investment trust, based in Chicago, posted revenue of $15.1 million in the period.
For the year, the company reported funds from operations of $106.7 million. Revenue was reported as $60.5 million.
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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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