Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Equity Commonwealth | exhibit991proformainformat.htm |
| 8-K - 8-K - Equity Commonwealth | eqc8-kdisposition.htm |
Exhibit 99.2
Calculation of 600 West Chicago Avenue (600 West) Net Operating Income (NOI) and 600 West Cash Basis NOI
(amounts in thousands)
Three Months | Year | ||||||
Ended | Ended | ||||||
December 31, 2017 | |||||||
Calculation of 600 West NOI and 600 West Cash Basis NOI: | |||||||
Rental income | $ | 10,155 | $ | 42,427 | |||
Tenant reimbursements and other income | 3,330 | 11,339 | |||||
Operating expenses | (7,333 | ) | (27,847 | ) | |||
600 West NOI | $ | 6,152 | $ | 25,919 | |||
Straight line rent adjustments | (731 | ) | (4,494 | ) | |||
Lease value amortization | 218 | 749 | |||||
Lease termination fees | (236 | ) | (236 | ) | |||
600 West Cash Basis NOI | $ | 5,403 | $ | 21,938 | |||
Reconciliation of 600 West NOI to 600 West GAAP Operating Income: | |||||||
600 West Cash Basis NOI | $ | 5,403 | $ | 21,938 | |||
Straight line rent adjustments | 731 | 4,494 | |||||
Lease value amortization | (218 | ) | (749 | ) | |||
Lease termination fees | 236 | 236 | |||||
600 West NOI | $ | 6,152 | $ | 25,919 | |||
Depreciation and amortization | (4,190 | ) | (16,599 | ) | |||
600 West Operating Income | $ | 1,962 | $ | 9,320 | |||