Newton’s CommonWealth REIT has reported $70 million in normalized funds from operations (normalized FFO) for the quarter ended Sept. 30; a positive swing compared to $60.7 million in normalized FFO for the same period in 2010.
Net income available for common shareholders was $14.7 million for the quarter ended Sept. 30, compared to $53.1 million for the same quarter last year. Net income for the quarter ended Sept. 30, 2011 includes gains of $7 million on the sale of properties and $11.2 million from the issuance of shares by an equity investee, partially offset by a loss of $9.2 million, or $0.11 per share, on asset impairment.
Normalized FFO available for common shareholders for the nine months ended Sept. 30, 2011 were $197.8 million, compared to normalized FFO of $180.9 million for the same period in 2010.
As of Sept. 30, 87 percent of CWH’s total square feet was leased, compared to 87.5 percent as of June 30, 2011 and 88.3 percent as of Sept. 30, 2010.





