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Logo Two North Riverside Plaza , Suite 2100 , Chicago , Illinois 60606 7/28/2021 CHICAGO -- ( BUSINESS WIRE ) -- Equity Commonwealth ( NYSE : EQC ) today reported financial results for the quarter ended June 30 , 2021 . Merger Update On May 4 , 2021 , the company announced that Equity Commonwealth and Monmouth Real Estate Investment Corporation ( NYSE : MNR ) entered into a definitive merger agreement by which Equity Commonwealth will acquire Monmouth in an all - stock transaction . " We are working with the Monmouth team and have made substantial progress on the integration of the two companies , " said David Helfand , President and Chief Executive Officer . “ The transaction provides a compelling opportunity for Monmouth shareholders to participate , with EQC , in the long - term growth of the industrial sector . " Equity Commonwealth Reports Second Quarter 2021 Results Financial results for the quarter ended June 30 , 2021 Net loss attributable to common shareholders was $ 3.9 million , or $ 0.03 per diluted share , for the quarter ended June 30 , 2021. This compares to net income attributable to common shareholders of $ 25.8 million , or $ 0.21 per diluted share , for the quarter ended June 30 , 2020. The decline in net income was primarily a result of a decrease in gains from property sales . Funds from Operations , or FFO , as defined by the National Association of Real Estate Investment Trusts , for the quarter ended June 30 , 2021 , were $ 0.4 million , or $ 0.00 per diluted share . This compares to FFO for the quarter ended June 30 , 2020 of $ 3.1 million , or $ 0.03 per diluted share . The following items impacted FFO for the quarter ended June 30 , 2021 , compared to the corresponding 2020 period : • ( $ 0.02 ) per diluted share decrease in interest income ; ( $ 0.01 ) per diluted share decrease in NOI from properties sold ; and $ 0.01 per diluted share decrease in general and administrative expense . ● Normalized FFO was ( $ 0.1 ) million , or ( $ 0.00 ) per diluted share , for the quarter ended June 30 , 2021. This compares to Normalized FFO for the quarter ended June 30 , 2020 of $ 3.7 million , or $ 0.03 per diluted share . The following items impacted Normalized FFO for the quarter ended June 30 , 2021 , compared to the corresponding 2020 period : ● ● ● ● ( $ 0.02 ) per diluted share decrease in interest income ; ( $ 0.01 ) per diluted share decrease in cash NOI from properties sold ; ( $ 0.01 ) per diluted share decrease in same property cash NOI ; and $ 0.01 per diluted share decrease in general and administrative expense . Normalized FFO begins with FFO and eliminates certain items that , by their nature , are not comparable from period to period , non - cash items , and items that tend to obscure the company's operating performance . Definitions of FFO ,