U.S. Markets close in 1 min

Equity Commonwealth: 1Q Earnings Snapshot

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

The Chicago-based real estate investment trust said it had funds from operations of $23.1 million, or 19 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 $208.5 million, or $1.67 per share.

The office building real estate investment trust posted revenue of $41.8 million in the period.

The company's shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.90, a rise of slightly more than 2% 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