Newton Government Properties Income Trust (GOV) has reported $19.2 million in funds from operations (FFO) for the quarter ended Dec. 31, 2010, up from $10.2 million for the same quarter last year.

Net income for the quarter ended Dec. 31, 2010 was $6.5 million, compared to $5.4 million, for the quarter ended Dec. 31, 2009. Net income for the quarter ended Dec. 31, 2010 included a $3.8 million, non-cash loss on extinguishment of debt, according to a statement.

GOV completed its initial public offering, or IPO, on June 8, 2009. Prior to completing its IPO, GOV and its properties were wholly owned by CommonWealth REIT (CWH); accordingly, GOV’s historical results of operations for the year ended Dec. 31, 2009 are not comparable to results for the 2010 period.

FFO were $61.6 million for the year ended Dec. 31, 2010, compared to $42.2 million for the same period last year.

Net income for the year ended Dec. 31, 2010 was $27.8 million, up from $26 million for the year ended Dec. 31, 2009.