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Stock impact report

Equity Commonwealth Reports Third Quarter 2024 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 ended September 30, 2024.Financial results for the quarter ended September 30, 2024Net loss attributable to common shareholders was $28.2 million, or $0.26 per diluted share, for the quarter ended September 30, 2024. This compares to net income attributable to common shareholders of $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023. The decrease in net income was primarily due to a $50.2 million loss on asset impairment.Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts, for the quarter ended September 30, 2024, were $26.2 million, or $0.24 per diluted share. This compares to FFO for the quarter ended September 30, 2023 of $28.7 million, or $0.26 per diluted share. The following items impacted FFO for the quarter ended September 30, 2024, compared to the corresponding 2023 period:$(0.02) per Show less Read more
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