Equity Commonwealth (EQC)
| Market Cap | 190.25M |
| Revenue (ttm) | 58.43M |
| Net Income (ttm) | 41.93M |
| Shares Out | 107.49M |
| EPS (ttm) | 0.38 |
| PE Ratio | 4.65 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | Dec 9, 2024 |
| Volume | 3,110,873 |
| Open | 1.670 |
| Previous Close | 1.740 |
| Day's Range | 1.670 - 1.780 |
| 52-Week Range | 1.400 - 21.000 |
| Beta | 0.38 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Feb 10, 2025 |
About EQC
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet. [Read more]
Financial Performance
In 2023, Equity Commonwealth's revenue was $60.52 million, a decrease of -4.14% compared to the previous year's $63.14 million. Earnings were $83.18 million, an increase of 184.12%.
Financial StatementsNews
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
Equity Commonwealth Completes Sale of 1250 H Street
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced it completed the sale of 1250 H Street, a 196,000 square foot office property, located in Washington, D.C., for a sales price of $27...
Undercovered Dozen: Aurora Cannabis, FREYR Battery, Royalty Pharma, Talos Energy +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks from the past week, aiming to spark ideas and discussions among retail investors. Veradigm Inc. is undervalued due to regulatory pre...
Equity Commonwealth Declares Initial Cash Liquidating Distribution of $19.00 Per Common Share and Announces Ex-Dividend Date
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) announced today that its Board of Trustees has authorized an initial cash liquidating distribution of $19.00 per common share ...
Equity Commonwealth: No Upside In Liquidation
Equity Commonwealth is liquidating, with a final distribution value range of $19.5 - $21 per share, expected to delist in Q2 2025. The company has sold most assets, with a significant write-down on Te...
Equity Commonwealth Announces Voting Results of Special Shareholder Meeting and Payment of Liquidation Preference for Series D Preferred Shares
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) held a special meeting of shareholders (the “Special Meeting”) today, November 12, 2024. At the Special Meeting, the Company's...
Equity Commonwealth Completes Sales of Bridgepoint Square and 206 E. 9th Street
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced it completed the sales of Bridgepoint Square, a 440,000 square foot office property, and 206 E 9th Street, a 176,000 square foot off...
Equity Commonwealth (EQC) Q3 2024 Earnings Call Transcript
Equity Commonwealth (NYSE:EQC) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants David Helfand - President and CEO William Griffiths - CFO David Weinberg - COO Confer...
Equity Commonwealth Reports Third Quarter 2024 Results
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2024. Financial results for the quarter ended September 30, 2024 Net loss...
Equity Commonwealth Declares Series D Preferred Dividend
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the company's Series D Preferred Shares. A quarterly dividend of $0.40625 pe...
Equity Commonwealth Sets 2024 Virtual Special Meeting of Shareholders
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) today announced that it has filed a definitive proxy statement (the “Definitive Proxy”) with the U.S. Securities and Exchange ...
Equity Commonwealth Announces Third Quarter 2024 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2024 operating results on Wednesday, October 23, 2024, after the close of trad...
Equity Commonwealth Sets Record Date for Special Shareholder Meeting
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) today announced that its Board of Trustees has established October 1, 2024 as the record date (the “Record Date”) for the spec...
Equity Commonwealth Files Preliminary Proxy in Connection with Proposed Plan of Sale and Dissolution of the Company
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) today announced that it has filed a preliminary proxy statement (the “Preliminary Proxy”) with the U.S. Securities and Exchang...
Equity Commonwealth (EQC) Q2 2024 Earnings Call Transcript
Equity Commonwealth (NYSE:EQC) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Bill Griffiths - CFO Conference Ca...
Irenic Applauds Equity Commonwealth's Decision to Heed Shareholder Feedback and Pursue a Liquidation
NEW YORK--(BUSINESS WIRE)--Irenic Capital Management, LP, one of the top shareholders of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), today issued the following statement regarding the Co...
Equity Commonwealth Reports Second Quarter 2024 Results
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2024. Financial results for the quarter ended June 30, 2024 Net income attribu...
Irenic Calls on Equity Commonwealth to Heed Shareholder Feedback and Pursue a Liquidation
NEW YORK--(BUSINESS WIRE)--Irenic Capital Management, LP, one of the top shareholders of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), today issued the following statement regarding the ne...
Indaba Capital Urges Equity Commonwealth's Board to Cease its Exploration of “Transformative” Acquisitions and Pursue a Liquidation to Maximize Shareholder Value
SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management, L.P. (together with its affiliates, “Indaba” or “we”), which is a top 10 shareholder of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Compan...
Equity Commonwealth Announces Second Quarter 2024 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2024 operating results on Tuesday, July 30, 2024, after the close of trading....
Equity Commonwealth Announces $150 Million Share Repurchase Authorization
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Board of Trustees authorized the repurchase, from July 1, 2024 through June 30, 2025, of up to an additional $150 mil...
Equity Commonwealth: Analyzing Potential Preferred Share Returns
By the end of the year, management will announce either a transformative acquisition or the wind down of the business. If the business winds down, an investment in the company's preferred shares might...
Equity Commonwealth: Conservative Capital Structure With A 9-18% Upside
Equity Commonwealth is an Office REIT owning just 4 office buildings but with a $2.17 billion cash pile. The company's portfolio has a leased rate of only 75.4%. Despite lower cash basis NOI, normaliz...
Equity Commonwealth (EQC) Q1 2024 Earnings Call Transcript
Equity Commonwealth (OTCPK:NABZY) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Bill Griffiths - CFO Conference Ca...
Equity Commonwealth Reports First Quarter 2024 Results
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2024. Financial results for the quarter ended March 31, 2024 Net income attri...