Newton REIT Government Properties Income Trust (GOV) has reported $15.7 million in funds from operations (FFO) for the quarter ended Sept. 30, up from $10.2 million during the same period last year.

Net income for the quarter ended Sept. 30 was $6.7 million, a slight increase from $6.2 million for the quarter ended Sept. 30, 2009.

The company completed its initial public offering on June 8, 2009. Prior to completing its IPO, GOV and its properties were wholly owned by CommonWealth REIT.

FFO for the nine months ended Sept. 30 were $42.4 million, compared to $32 million for the same period last year.

Net income for the nine months ended Sept. 30 was $21.3 million, compared to $20.6 million for the nine months ended Sept. 30, 2009.

Among its recent activity, GOV acquired a Quincy office property with 92,549 rentable square feet. The property is 100 percent leased to four tenants, of which 90 percent is leased to the Commonwealth of Massachusetts and occupied by the Registry of Motor Vehicles as its headquarters. The purchase price is $14.5 million, excluding acquisition costs.