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.

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

Bristol-Myers

Cameco

MasTec

Invitae

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

Equity Commonwealth (EQC) CEO David Helfand on Q2 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2021. Merger Update On May 4, 2021, the company announced that Equity Commonwealth and Monmouth Real Estate Investment Corporation (NYSE: MNR) entered into a definitive merger agreement by which Equity Commonwealth will acquire Monmouth in an all-stock transaction. “We are working with the Monmouth team and have made substantial progress on the integration of the two compani

Equity Commonwealth Reports Second Quarter 2021 Results

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2021 operating results on Wednesday, July 28, 2021, after the close of trading. A conference call to discuss the results will be held on Thursday, July 29, 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 available

Equity Commonwealth Announces Second Quarter 2021 Earnings Conference Call

American Tower

Americold Realty

Digital Realty Trust

Healthpeak Properties Inc

Kimco Realty

STAG Industrial

Vici Properties

Real estate investment trusts (REITs) can offer investors the chance to get into the real estate market without buying property. The post 8 REITs to Consider for Steady Income in Your Portfolio appeared first on InvestorPlace.

8 REITs to Consider for Steady Income in Your Portfolio

Blackstone Group

First Industrial Realty Trust

Prologis

Vanguard Real Estate ETF

Sam Zell is set to acquire an industrial REIT in a multi-billion-dollar transaction. He's buying REITs because they trade at a discount to the fair value of their real estate.

Billionaire Investor Buys REITs Hand Over Fist

MNR held off against previous buyout talk. EQC's offer was sufficiently high that it was in the best interest of MNR shareholders and was accepted.

Equity Commonwealth Purchase Of Monmouth Is More Akin To An IPO Than A Merger

Equity Commonwealth (EQC) CEO David Helfand on Q1 2021 Results - Earnings Call Transcript

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Monmouth Real Estate Investment Corporation (NYSE: MNR) to Equity Commonwealth (NYSE: EQC). Under the terms of the proposed transaction, shareholders of Monmouth will receive 0.67 shares of Equity Commonwealth for each share of Monmouth that they own. KSF is seeking to determine whether this consideration and

MONMOUTH REAL ESTATE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Monmouth Real Estate Investment Corporation - MNR

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Equity Commonwealth (NYSE: EQC) and Monmouth Real Estate Investment Corporation is fair to Equity Commonwealth shareholders. Under the merger, Equity Commonwealth will acquire Monmouth in an all-stock transaction. Upon closing, Equity Commonwealth shareholders are expected to own approximately 65% of the pro forma company. Halper Sadeh encourages Equity Commonwealth shareholder

Equity Commonwealth Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Equity Commonwealth Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – EQC

NEW YORK, May 5, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Monmouth Real Estate Investment Corporation (NYSE: MNR) and its board of directors concerning the proposed acquisition of the company by Equity Commonwealth (NYSE: EQC). Stockholders will receive 0.67 shares of Equity Commonwealth common stock for each share of Monmouth Real Estate Investment Corporation stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Monmouth Real Estate Investment Corporation

CHICAGO & HOLMDEL, N.J.--(BUSINESS WIRE)--Equity Commonwealth to Acquire Monmouth Real Estate for $3.4 Billion and Transition into the Industrial Sector

Equity Commonwealth to Acquire Monmouth Real Estate for $3.4 Billion

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2021. We continue to monitor the impact of COVID-19 on our business. Our priority remains the health and safety of our tenants, employees and building staff. For the first quarter 2021, we collected 97% of contractual rents. Financial results for the quarter ended March 31, 2021 Net loss attributable to common shareholders was $12 million, or $0.10 per diluted share, for th

Equity Commonwealth Reports First Quarter 2021 Results

AvalonBay Communities

Clipper Realty

Equity LifeStyle Properties

Equity Residential

Federal Realty Investment Trust

SL Green Realty

SPDR S&P 500 ETF Trust

Zoom Video

Sam Zell is one of the most influential investors in the world. He believes that the covid crisis will have a minor impact on most REITs going forward.

Billionaire Investor Says Buy Apartment REITs And Avoid SPACs

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its first quarter 2021 operating results on Tuesday, May 4, 2021, after market close. A conference call to discuss those results will be held on Wednesday, May 5, 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 available following t

Equity Commonwealth Announces First Quarter 2021 Earnings Conference Call

Big 5 Sporting Goods

CTO Realty Growth

GlaxoSmithKline

Intuit

JD.com

Lincoln Educational Services

Cheap, solid stocks may seem like a mirage considering the equity bull run, but several excellent investments are trading at a discount. The post 7 Cheap Stocks That Won't Be on Discount for Long appeared first on InvestorPlace.

7 Cheap Stocks That Won't Be on Discount for Long

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Annual Meeting of Shareholders will be held virtually on Wednesday, June 23, 2021, at 9:00 a.m. Central Time. Shareholders of record at the close of business on April 15, 2021 will be entitled to vote at the meeting. The 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 2

Equity Commonwealth Sets 2021 Virtual Annual Meeting of Shareholders

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that David Helfand, President and CEO, will participate in a company roundtable discussion at the Citi 2021 Global Property CEO Conference on Thursday, March 11, 2021, at 8:15 a.m. Eastern Time. A live audio webcast will be accessible in the Investor Relations section of the company's website at www.eqcre.com. About Equity Commonwealth Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised

Equity Commonwealth to Participate in Citi 2021 Global Property CEO Conference

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced certain executive management and board changes. Adam Markman, the Company's Executive Vice President, Chief Financial Officer and Treasurer since July 2014, has resigned, effective March 31, 2021. Mr. Markman is leaving to pursue other professional opportunities. Bill Griffiths has been appointed Senior Vice President, Chief Financial Officer and Treasurer, effective April 1, 2021. Mr. Griffiths has served as Senior Vice

Equity Commonwealth Announces Changes to Management Team and Board of Trustees

Brandywine Realty

CoStar Group

CubeSmart

Howard Hughes

Healthpeak Properties

Rayonier

These are the REITs with the best value, fastest growth, and most momentum for March 2021.

Top REITs for March 2021

Equity Commonwealth (EQC) CEO David Helfand on Q4 2020 Results - Earnings Call Transcript

News for Equity Commonwealth Stock (EQC)