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Stock impact report

Equity Commonwealth Reports Fourth Quarter and Full Year 2023 Results

Equity Commonwealth Common Shares of Beneficial Interest (EQC) 
Last equity commonwealth common shares of beneficial interest earnings: 2/12 04:23 pm Check Earnings Report
US:NYSE Investor Relations: eqcre.com/corporate-profile
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter and year ended December 31, 2023.Financial results for the quarter ended December 31, 2023Net income attributable to common shareholders was $24.6 million, or $0.23 per diluted share, for the quarter ended December 31, 2023. This compares to net income attributable to common shareholders of $18.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022. The increase in net income was primarily due to an increase in interest income from higher average interest rates.Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts, for the quarter ended December 31, 2023, were $28.8 million, or $0.27 per diluted share. This compares to FFO for the quarter ended December 31, 2022 of $23.5 million, or $0.21 per diluted share. The following item impacted FFO for the quarter ended December 31, 2023, compared to the correspon Show less Read more
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