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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Equity Commonwealth (NYSE:EQC ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants David Helfand - President, CEO & Trustee David Weinberg - EVP & COO Conference Call Participants Nicholas Joseph - Citigroup Craig Mailman - Citigroup Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's First Results for the Quarter ending March 31, 2023, and an update on the company. [Operator Instructions].

Equity Commonwealth (EQC) Q1 2023 Earnings Call Transcript

Adaptimmune Therapeutics

MACOM Technology Solutions Holdings

Owl Rock Capital Corp

Sweetgreen

Tap five stocks with increasing P/E ratios to try out a different approach. These stocks include Sweetgreen (SG), Adaptimmune Therapeutics (ADAP), Owl Rock Capital (ORCC), MACOM Technology Solutions (MTSI) and Equity Commonwealth (EQC).

Forget Bargain Hunting, Buy 5 Stocks With Rising P/E

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2023. Financial results for the quarter ended March 31, 2023 Net income attributable to common shareholders was $20.7 million, or $0.19 per diluted share, for the quarter ended March 31, 2023. This compares to net loss attributable to common shareholders of $0.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2022. The increase in net income was primari.

Equity Commonwealth Reports First Quarter 2023 Results

Apartment Income REIT Corp

City Office REIT

Essex Property Trust

Hudson Pacific Properties

JBG SMITH Properties

SBA Communications

Weyerhaeuser

Many REITs opportunistically repurchased shares at a discount to their net asset value. Those buybacks could help boost their values in the future.

These Dividend Stocks Think Their Shares Are Extremely Undervalued

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its first quarter 2023 operating results on Wednesday, May 3, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, May 4, 2023, 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).

Equity Commonwealth Announces First Quarter 2023 Earnings Conference Call

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Annual Meeting of Shareholders will be held virtually on Tuesday, June 13, 2023 at 1:30 p.m. Central Time. Shareholders of record at the close of business on April 13, 2023 will be entitled to vote at the meeting.

Equity Commonwealth Sets 2023 Virtual Annual Meeting of Shareholders

The hawkish Fed comments are unfortunately well-founded, and rates will be stubborn for a while longer. That makes return hurdles harder to jump, and less disciplined buyers are the ones in the market now.

Rate News Not Welcome For Equity Commonwealth

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees has declared a special, one-time cash distribution of $4.25 per common share which will be paid on March 9, 2023 to shareholders of record on February 23, 2023. The distribution is based on anticipated taxable income resulting from the company's results from operations, including interest income, gains from potential asset sales and restructurings as part of EQC's REIT qualification for 2023.

Equity Commonwealth Declares Special Cash Distribution of $4.25 Per Common Share

Equity Commonwealth (NYSE:EQC ) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants David Helfand - President, CEO & Trustee David Weinberg - EVP & COO Conference Call Participants Craig Mailman - Citigroup Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's results for the fourth quarter and full year ending December 31, 2022, and an update on the company. [Operator Instructions].

Equity Commonwealth (EQC) Q4 2022 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter and year ended December 31, 2022. Financial results for the quarter ended December 31, 2022 Net income attributable to common shareholders was $18.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022. This compares to net loss attributable to common shareholders of $3.6 million, or $0.03 per diluted share, for the quarter ended December 31, 2021.

Equity Commonwealth Reports Fourth Quarter and Full Year 2022 Results

American Assets

Armada Hoffler Properties

Brookfield Asset Management

JPMorgan BetaBuilders MSCI US REIT ETF

Brandywine Realty

Boston Properties

Cousins Properties

Douglas Emmett

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Elme Communities

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Franklin Street Properties Corp.

Highwoods Properties

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Kilroy Realty

Neuberger Berman Real Estate Securities Income Fund Inc

Orion Office REIT

Office REITs have been far-and-away the worst-performing property sector since the start of the pandemic, as depressed utilization rates and recession concerns have curbed office space demand. Work-From-Home-Forever? Occupiers due for renewal have been somewhat-reluctant to cut office space, with leasing volumes still at 75% of pre-pandemic levels, but fundamentals softened more definitively in late 2022.

Office REITs: Pain Is Priced In

CHICAGO--( BUSINESS WIRE )--Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2022 common and preferred share distributions, which is as follows:

Equity Commonwealth Announces Tax Treatment of 2022 Distributions

AGNC Investment

Broadmark Realty Capital Inc.

Blackstone Group

EPR Properties

Equity Residential

Global Medical REIT

Innovative Industrial Properties

Industrial Logistics Properties

Medical Properties Trust

Annaly Capital

NexPoint Residential Trust

Sabra Health Care

SL Green Realty

Vornado Realty Trust

Vanguard Real Estate ETF

Many high-profile billionaires are loading up on REITs at the moment. I present 5 reasons why REITs are attractive to billionaires and average investors alike.

Billionaires Are Buying REITs (And You Should Too)

CHICAGO--( BUSINESS WIRE )--Equity Commonwealth (NYSE: EQC) announced today that the company will release its fourth quarter and full year 2022 operating results on Wednesday, February 8, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, February 9, 2023, 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 available following the call.

Equity Commonwealth Announces Fourth Quarter and Full Year 2022 Earnings Conference Call

EQC is Sam Zell's cash vehicle that's looking to deploy somewhere in real estate. Unsurprisingly, one of the greatest investors in the world has his lieutenants clearly signaling that they have their priorities straight in terms of capital preservation.

Capital Markets Could Enable A Move By Equity Commonwealth

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

Are You Looking for a Top Momentum Pick? Why Equity Commonwealth (EQC) is a Great Choice

Equity Commonwealth (NYSE:EQC ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Conference Call Participants Craig Mailman - Citi Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's results for the Third Quarter ending September 30, 2022, and an update on the company. [Operator Instructions] As a reminder, this conference is being recorded.

Equity Commonwealth (EQC) Q3 2022 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2022.

Equity Commonwealth Reports Third Quarter 2022 Results

Chimera Investment

Cross Timbers Royalty

Hersha Hospitality Trust Class A

Invesco Mortgage Capital

Ramaco Resources

Mesa Royalty Trust

Steelcase

San Juan Basin Royalty Trust

Presidio Property Trust

The third quarter of 2022 saw the U.S. stock market's dividend-paying stocks turn in another mixed performance. The bad news is that the number of dividend cuts has risen in 2022-Q3.

Dividends By The Numbers In September 2022 And Q3 2022

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2022 operating results on Tuesday, October 25, 2022, after the close of trading. A conference call to discuss those results will be held on Wednesday, October 26, 2022, 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 ava

Equity Commonwealth Announces Third Quarter 2022 Earnings Conference Call

Here is how Equity Commonwealth (EQC) and Amalgamated Financial (AMAL) have performed compared to their sector so far this year.

Has Equity Commonwealth (EQC) Outpaced Other Finance Stocks This Year?

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees has declared a special, one-time cash distribution of $1.00 per common share which will be paid on October 18, 2022 to shareholders of record on September 29, 2022. The company currently expects the tax character of the 2022 special cash distribution to be largely ordinary income. The company cannot provide any assurances that its current expectations will prove to be accurate. The actual tax ch

Equity Commonwealth Declares Special Cash Distribution of $1.00 Per Common Share

Empire State Realty Trust

REITs don't usually buy back shares, but these three are.

These 3 Dividend Stocks Are Buying Back Shares Hand Over Fist

Equity Commonwealth (NYSE:EQC ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants David Helfand - President, CEO & Trustee David Weinberg - EVP & COO Conference Call Participants Seth Bergey - Citi Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's results for second quarter ending June 30, 2022, and an update on the company. [Operator Instructions].

Equity Commonwealth (EQC) CEO David Helfand on Q2 2022 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2022. Financial results for the quarter ended June 30, 2022 Net income attributable to common shareholders was $0.9 million, or $0.01 per diluted share, for the quarter ended June 30, 2022. This compares to net loss attributable to common shareholders of $3.9 million, or $0.03 per diluted share, for the quarter ended June 30, 2021. The increase in net income was primarily du

Equity Commonwealth Reports Second Quarter 2022 Results

News for Equity Commonwealth Stock (EQC)