Earnings Recap: Equity Commonwealth (NYSE: EQC)
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CHICAGO, January 20, 2019 – Shares of Equity Commonwealth (NYSE: EQC) gained 0.20% to $32.83. The stock traded total volume of 307.057K shares lower than the average volume of 532.92K shares.
Equity Commonwealth (NYSE: EQC) reported that net income attributable to common shareholders was $21.90M, or $0.18 per share, for the quarter ended September 30, 2019. This compares to net income attributable to common shareholders of $30.80M, or $0.25 per share, for the quarter ended September 30, 2018. The decrease in net income was primarily a result of property dispositions and a decrease in gains from property sales, partially offset by higher interest income and lower interest expense.
Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts, for the quarter ended September 30, 2019, were $25.60M, or $0.21 per share. This compares to FFO for the quarter ended September 30, 2018 of $20.90M, or $0.17 per share.
Normalized FFO was $25.70M, or $0.21 per share. This compares to Normalized FFO for the quarter ended September 30, 2018 of $21.60M, or $0.18 per share.
EQC has the market capitalization of $3.99B and its EPS growth ratio for the past five years was 34.30%. The return on assets ratio of the Company was 13.20% while its return on investment ratio stands at 0.00%. Price to sales ratio was 27.58 while 98.50% of the stock was owned by institutional investors.
