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.

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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.

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2022 operating results on Monday, August 1, 2022, after the close of trading. A conference call to discuss those results will be held on Tuesday, August 2, 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 available

Equity Commonwealth Announces Second Quarter 2022 Earnings Conference Call

Equity Commonwealth (EQC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Equity Commonwealth (EQC) Upgraded to Strong Buy: What Does It Mean for the Stock?

The REIT is considering many options as it looks to put its cash to work.

This Cash-Rich REIT Is on the Acquisition Hunt

Equity Commonwealth (NYSE:EQC ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants David Helfand - President and Chief Executive Officer David Weinberg - Chief Operations Officer Bill Griffiths - Chief Financial Officer Conference Call Participants Manny Korchman - Citi Jamie Feldman - Bank of America Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's results for the quarter ending March 31, 2022, and an update on the Company. At this time, all participants are in a listen-only mode.

Equity Commonwealth (EQC) CEO David Helfand on Q1 2022 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2022. Financial results for the quarter ended March 31, 2022 Net loss attributable to common shareholders was $0.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2022. This compares to net loss attributable to common shareholders of $12.0 million, or $0.10 per diluted share, for the quarter ended March 31, 2021. The decline in net loss was primarily du

Equity Commonwealth Reports First Quarter 2022 Results

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The Office REIT sector has been an upside surprise thus far in 2022.

Picking A Winner In Office REITs

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its first quarter 2022 operating results on Wednesday, May 4, 2022, after the close of trading. A conference call to discuss those results will be held on Thursday, May 5, 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 available fo

Equity Commonwealth Announces First Quarter 2022 Earnings Conference Call

Equity Commonwealth (EQC) Upgraded to Strong Buy: Here's What You Should Know

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Annual Meeting of Shareholders will be held virtually on Tuesday, June 21, 2022, at 1:30 p.m. Central Time. Shareholders of record at the close of business on April 14, 2022 will be entitled to vote at the meeting. Details of the virtual annual meeting, including how stockholders can access the virtual meeting, vote and submit questions, will be included in the company's definitive proxy statement for the 2022 An

Equity Commonwealth Sets 2022 Virtual Annual Meeting of Shareholders

Equity Commonwealth (EQC) CEO David Helfand on Q4 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter and year ended December 31, 2021. Financial results for the quarter ended December 31, 2021 Net loss attributable to common shareholders was $3.6 million, or $0.03 per diluted share, for the quarter ended December 31, 2021. This compares to net loss attributable to common shareholders of $3.7 million, or $0.03 per diluted share, for the quarter ended December 31, 2020. Funds from Operation

Equity Commonwealth Reports Fourth Quarter and Full Year 2021 Results

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This office REIT turned industrial REIT has some serious growing pains to work through.

Why I'll Never Own Equity Commonwealth

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2021 preferred share distributions, which is as follows: Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201) Record Date Payment Date Total Distribution per Share 2021 Non-taxable Distribution (Return of Capital) 1/28/2021 2/16/21 $ 0.406250 $ 0.406250 4/29/21 5/17/21 $ 0.406250 $ 0.406250 7/30/21 8/16/21 $ 0.406250 $ 0.406250 10/29/21 11/15/21 $ 0.406250 $ 0.406250   Total $ 1.6

Equity Commonwealth Announces Tax Treatment of 2021 Distributions

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its fourth quarter and full year 2021 operating results on Wednesday, February 9, 2022, after the close of trading. A conference call to discuss the results will be held on Thursday, February 10, 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 w

Equity Commonwealth Announces Fourth Quarter and Full Year 2021 Earnings Conference Call

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Muhlenkamp's Firm Buys Equity Commonwealth, Dumps 2 Stocks

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U.S. equity markets advanced for the fifth-straight week as encouraging employment data, dovish Federal Reserve commentary, and surprising election results powered the major averages to fresh record highs. Closing the week on a seven-day winning streak, the S&P 500 gained 2.0% this week, while the Mid-Cap 400 rallied 4.0% and the Small-Cap 600 surged nearly 7%.

REITs Rally Amid Reopening Rotation

Equity Commonwealth (EQC) CEO David Helfand on Q3 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2021. Financial results for the quarter ended September 30, 2021 Net loss attributable to common shareholders was $4.8 million, or $0.04 per diluted share, for the quarter ended September 30, 2021. This compares to net loss attributable to common shareholders of $1.6 million, or $0.01 per diluted share, for the quarter ended September 30, 2020. The decline in net income

Equity Commonwealth Reports Third Quarter 2021 Results

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2021 operating results on Wednesday, October 27, 2021, after the close of trading. A conference call to discuss the results will be held on Thursday, October 28, 2021, 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 2021 Earnings Conference Call

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its shareholders approved the proposals in connection with the proposed merger with Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth. Earlier today, Monmouth announced it did not receive the requisite shareholder support for the merger proposal at its special shareholder meeting. As a result, Equity Commonwealth has terminated the merger agreement and has requested reimbursement of fees and expens

Equity Commonwealth Announces Results of Special Meeting and Termination of Merger Agreement with Monmouth

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Chairman of the Board, Sam Zell, and Chief Executive Officer, David Helfand, sent the following letter to the shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) reiterating the merits of the pending transaction. Dear Monmouth Shareholders:   For more than 50 years, the Equity group of companies has had the opportunity and great responsibility of managing our capital and our investors' capital

Equity Commonwealth Issues Open Letter to Monmouth Shareholders

Muhlenkamp & Co. Inc., the investment firm founded by Ronald Muhlenkamp (Trades, Portfolio), released its portfolio for the second quarter earlier this month.

Ron Muhlenkamp's Firm Goes 1 for 1 in 2nd Quarter

CHICAGO & HOLMDEL, N.J.--(BUSINESS WIRE)--Equity Commonwealth and Monmouth Real Estate Amend Merger Agreement to Increase Value of Offer and Include Cash

Equity Commonwealth and Monmouth Real Estate Amend Merger Agreement to Increase Value of Offer

Legendary real estate investor Sam Zell's Equity Commonwealth wants to acquire Monmouth Real Estate. The merger could make good use of Equity's cash and Monmouth's asset base.

Whale Watching - Sam Zell's Equity Commonwealth And Monmouth Make A Good Combination

News for Equity Commonwealth Stock (EQC)