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Equity Commonwealth: 3Q Earnings Snapshot

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

The Chicago-based real estate investment trust said it had funds from operations of $25.7 million, or 21 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 $21.9 million, or 18 cents per share.

The office building real estate investment trust posted revenue of $26.7 million in the period.

The company's shares have increased roughly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.78, a climb of nearly 6% 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