Equity Commonwealth reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 14.23 million compared to USD 15.84 million a year ago. Revenue was USD 15.58 million compared to USD 16.69 million a year ago.

Net income was USD 22.69 million compared to USD 1.3 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.