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Equity Commonwealth Reports $2B In 2015 Asset Sales

Equity Commonwealth closed out 2015 in style. The REIT's Q4 numbers released yesterday show $34.4M in normalized funds from operations (FFO), or $0.27 per share.

Normalized FFO is a one of the more-closely watched measures in the REIT market, as it takes net income and adds back in items like amortization and depreciation. The numbers helped EQC stock end trading yesterday at $26.40 per share.

EQC reported $139M in revenue for the quarter and ended 2015 with $715M in revenue. EQC was in selling mode for most of the year and wound up selling $2B in assets. It entered 2016 with a portfolio of 65 properties totaling 24M SF. Its portfolio is 91.4% leased, with 3.9M SF of leasing activity.

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