Equity Commonwealth

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust. It engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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EQC excels in Q4 2022 earnings, eyes growth in real estate

EQC's strong financial performance in Q4 and full year 2022, coupled with a robust balance sheet and strategic investment focus, positions the company well for future growth.
While facing challenges in real estate credit markets, EQC remains optimistic about finding deals and creating long-term value for shareholders through proactive investment strategies.
With a lean team and a keen eye on shareholder value creation, EQC continues to evaluate opportunities in the commercial real estate market, particularly in industrial and single-family residential sectors.

Equity Commonwealth faces market challenges but maintains financial strength

Equity Commonwealth navigated challenging market conditions in Q1 2023, reporting declines in key financial metrics while maintaining a strong cash position and interest income generation.
The company's strategic focus on share buybacks, potential internal restructuring, and evaluating diverse investment opportunities underscores its commitment to enhancing shareholder value.
Despite market headwinds, Equity Commonwealth's prudent financial management and flexibility position it to capitalize on growth opportunities and navigate uncertainties in the commercial real estate sector.

Equity Commonwealth posts solid Q2 earnings amidst market challenges

Equity Commonwealth (EQC) reported strong FFO growth in Q2 2023 driven by interest income, while facing challenges in same-property NOI decline.
The company's robust financial position with no debt and significant cash reserves provides stability and flexibility for future investments.
Despite capital market constraints, EQC remains patient in seeking compelling investment opportunities and evaluating strategic asset classes for potential growth.

Equity Commonwealth navigates NOI decline with strong cash reserves

Equity Commonwealth faced challenges with declining NOI but maintained a strong cash position and active share buyback program.
The company's focus on industrial and residential sectors aligns with potential growth areas in the market.
Opportunities lie in qualifying as a REIT, strategic investments, and leveraging its cash reserves for future growth.

Equity Commonwealth reports mixed Q4 results amidst diversification focus

Equity Commonwealth's Q4 2023 performance showed improved Funds from Operations but faced challenges with declining same-property NOI and slow leasing activity.
The company's strengths lie in its strong financial position, remaining share buyback authorization, and strategic focus on diversification.
While challenges include operational performance and market dynamics, opportunities exist in value creation, sector diversification, and transactional strategies.

Equity Commonwealth reports solid Q1 earnings amidst strategic considerations

Equity Commonwealth's Q1 performance reflects stable operations with notable financial strength and successful dispositions.
While facing challenges in occupancy rates and potential wind-down considerations, the company maintains transparency and shareholder communication.
Opportunities lie in strategic transactions, operational enhancements, and leveraging financial resources for future growth and value creation.

Equity Commonwealth plans shareholder meetings and distributions amid wind-down

EQC's Q3 earnings call highlighted progress in the disposition process, with plans for shareholder meetings and distributions. Challenges in selling office buildings may impact the wind-down timeline, necessitating careful monitoring. The company's proactive approach to wind-down and strategic decisions regarding delisting and deregistration indicate a focus on maximizing shareholder value.

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Equity Commonwealth is an internally managed and self-advised real estate investment trust, which engages in the ownership and operation of office properties. It focuses on the investment, asset management, and operating decisions for shareholders and customers. The company was founded by Barry Michael Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

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EQC is a cash box trading for ~90% NAV. With ~$3 billion in cash, $25 million in debt, four office properties, and grave dancer Sam Zell at the helm, EQC is essentially a SPAC in disguise.

Equity Commonwealth: A Grave-Dancing SPAC In Disguise

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Perhaps you've seen the Energizer Bunny in a battery commercial. It is "still going" long after you'd expect it to fade.

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According to GuruFocus' list of 52-week lows, the price of Equity Commonwealth (NYSE:EQC) shares has declined to close to the 52-week low of $26.53, which is 26.5% off the 52-week high of $35.08. The company has a market cap of $3.22 billion.

Equity Commonwealth Reaches a 52-Week Lows

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that James Corl, who has served as a Trustee since May 2014, resigned from the company's Board of Trustees effective November 19, 2020. “Jim has been a valued board member, and we thank him for his contributions,” said Sam Zell, Equity Commonwealth's Chairman. “We wish him the very best.” About Equity Commonwealth Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investmen

James Corl Resigns from Equity Commonwealth's Board of Trustees

Equity Commonwealth (EQC) CEO David Helfand on Q3 2020 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2020 and provided an update on our business due to COVID-19. Equity Commonwealth continues to monitor the COVID-19 pandemic and the impact on our business. Our priority is the health and safety of our employees, tenants and building staff. As a result of the pandemic, the vast majority of our tenants' employees continue to work remotely. Our buildings are open, and we a

Equity Commonwealth Reports Third Quarter 2020 Results

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2020 operating results on Wednesday, October 28, 2020, after the close of trading. A conference call to discuss its results will be held on Thursday, October 29, 2020, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be avai

Equity Commonwealth Announces Third Quarter 2020 Earnings Conference Call

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CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced the appointment of Ellen-Blair Chube to the Company’s Board of Trustees until the next annual meeting of shareholders. Equity Commonwealth’s Board of Trustees has determined that Ms.

Equity Commonwealth Appoints Ellen-Blair Chube to Board of Trustees

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees has declared a special, one-time cash distribution of $3.50 per common share which will be paid on October 20, 2020 to shareholders of record on October 1, 2020. The company currently expects the tax character of the 2020 special cash distribution to be largely capital gain.

Equity Commonwealth Declares Special Cash Distribution of $3.50 Per Common Share

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Equity Commonwealth (EQC) CEO David Helfand on Q2 2020 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2020 and provided an update on its business due to COVID-19. Equity Commonwealth continues to monitor the COVID-19 pandemic and its impact on its business.

Equity Commonwealth Reports Second Quarter 2020 Results

Equity Commonwealth's (EQC) CEO David Helfand on Q1 2020 Results - Earnings Call Transcript

Equity Commonwealth (EQC) delivered FFO and revenue surprises of -55.56% and -27.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Equity Commonwealth (EQC) Lags Q1 FFO and Revenue Estimates

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Equity Commonwealth (EQC) CEO David Helfand on Q4 2019 Results - Earnings Call Transcript

Equity Commonwealth (EQC) delivered FFO and revenue surprises of -15.79% and -0.71%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Equity Commonwealth (EQC) Q4 FFO and Revenues Lag Estimates

Equity Commonwealth has been struggling lately, but the selling pressure may be coming to an end soon.

Equity Commonwealth Sees Hammer Chart Pattern: Time to Buy?

Equity Commonwealth (EQC) CEO David Helfand on Q3 2019 Results - Earnings Call Transcript

Equity Commonwealth (EQC) delivered FFO and revenue surprises of 16.67% and -10.82%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Equity Commonwealth (EQC) Q3 FFO Surpass Estimates

Does Equity Commonwealth (EQC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Equity Commonwealth (EQC) is a Great Momentum Stock to Buy

Equity Commonwealth (EQC) CEO David Helfand on Q2 2019 Results - Earnings Call Transcript

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