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Equity Commonwealth reports 1Q results

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

The Chicago-based real estate investment trust said it had funds from operations of $33.3 million, or 27 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 $21.8 million, or 17 cents per share.

The office building real estate investment trust posted revenue of $99.6 million in the period.

The company's shares have increased 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.49, a rise of 11 percent in the last 12 months.

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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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Keywords: Equity Commonwealth, Earnings Report