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 same property portfolio is comprised of 4 properties and 1.5 million square feet.
IPO Year:
Exchange: NYSE
Website: eqcre.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2021 | $28.00 | Neutral → Underperform | BofA Securities |
8-K - Equity Commonwealth (0000803649) (Filer)
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DEFA14A - Equity Commonwealth (0000803649) (Filer)
10-Q - Equity Commonwealth (0000803649) (Filer)
DEFA14A - Equity Commonwealth (0000803649) (Filer)
8-K - Equity Commonwealth (0000803649) (Filer)
DEFA14A - Equity Commonwealth (0000803649) (Filer)
DEF 14A - Equity Commonwealth (0000803649) (Filer)
8-K - Equity Commonwealth (0000803649) (Filer)
8-K - Equity Commonwealth (0000803649) (Filer)
BofA Securities downgraded Equity Commonwealth from Neutral to Underperform and set a new price target of $28.00
B of A Securities downgraded Equity Commonwealth from Buy to Neutral and set a new price target of $29.00 from $32.00 previously
Increases Estimated Aggregate Shareholder Liquidating Distribution Range to $20.00–$21.00 Per Common Share 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 (the "Initial Liquidating Distribution") which will be paid on December 6, 2024 to shareholders of record on November 25, 2024. The Company is also updating the estimated aggregate shareholder liquidating distribution range of $19.50 to $21.00 per common share disclosed in its definitive proxy statement filed on October 2, 2024 (the "Definitive Proxy") to an estimated aggregate shareholder liquidating distribution
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 shareholders (i) approved the Plan of Sale and Dissolution of the Company (the "Plan of Sale"), including the wind-down and complete liquidation of the Company, and the dissolution and termination of the Company, including the establishment of a Liquidating Entity, as defined in the definitive proxy statement filed with the U.S. Securities and Exchange Commission (the "SEC") on October 2, 2024, and (ii) approved, on a non-binding advisory basis, the compensation that may become payable by the Company to its named execut
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 attributable to common shareholders was $28.2 million, or $0.26 per diluted share, for the quarter ended September 30, 2024. This compares to net income attributable to common shareholders of $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023. The decrease in net income was primarily due to a $50.2 million loss on asset impairment. Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts, for the quarter ended September 30, 2024, were $26.
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 per Series D Preferred Share will be paid on November 15, 2024 to shareholders of record on October 31, 2024 for the period from August 15, 2024 through November 14, 2024. About Equity Commonwealth 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 4 properties totaling 1.5 million square feet. Regulation FD Disclosures We use any of the following to comply with
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 trading. A conference call to discuss those results will be held on Thursday, October 24, 2024, 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. About Equity Commonwealth 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
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 attributable to common shareholders was $22.2 million, or $0.20 per diluted share, for the quarter ended June 30, 2024. This compares to net income attributable to common shareholders of $13.8 million, or $0.12 per diluted share, for the quarter ended June 30, 2023. The increase in net income was primarily due to a decrease in general and administrative expenses due to accelerated compensation expense related to the passing of our former chairman in 2023 and an increase in interest income from higher average interest rates.
Issues Open Letter to the Board Following its Resistance to Indaba's Private Engagement and Growing Concern Among Shareholders About the Company's Path Forward Makes Clear That the Board's Arbitrary End-of-Year Deadline for Deciding Between a Major Transaction or Liquidation Incentivizes Poor Decision-Making and Reckless Capital Allocation Reminds the Board it has Presided Over a Decade of Poor Financial Performance and Lacks Any Track Record of Effectively Allocating Capital to Value-Enhancing Acquisitions Urges the Board to Stop Wasting Company Resources and Embrace Shareholder-Friendly Governance by Convening a Vote on a Prospective Liquidation Indaba Capital Management, L.P. (to
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 per Series D Preferred Share will be paid on August 15, 2024 to shareholders of record on July 31, 2024 for the period from May 15, 2024 through August 14, 2024. About Equity Commonwealth 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 4 properties totaling 1.5 million square feet. Regulation FD Disclosures We use any of the following to comply with our d
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. A conference call to discuss those results will be held on Wednesday, July 31, 2024, 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. About Equity Commonwealth 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 Stat
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 attributable to common shareholders was $23.4 million, or $0.22 per diluted share, for the quarter ended March 31, 2024. This compares to net income attributable to common shareholders of $20.7 million, or $0.19 per diluted share, for the quarter ended March 31, 2023. The increase in net income was primarily due to an increase in interest income from higher average interest rates and a decrease in income tax expense. Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts,
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Increases Estimated Aggregate Shareholder Liquidating Distribution Range to $20.00–$21.00 Per Common Share 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 (the "Initial Liquidating Distribution") which will be paid on December 6, 2024 to shareholders of record on November 25, 2024. The Company is also updating the estimated aggregate shareholder liquidating distribution range of $19.50 to $21.00 per common share disclosed in its definitive proxy statement filed on October 2, 2024 (the "Definitive Proxy") to an estimated aggregate shareholder liquidating distribution
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 shareholders (i) approved the Plan of Sale and Dissolution of the Company (the "Plan of Sale"), including the wind-down and complete liquidation of the Company, and the dissolution and termination of the Company, including the establishment of a Liquidating Entity, as defined in the definitive proxy statement filed with the U.S. Securities and Exchange Commission (the "SEC") on October 2, 2024, and (ii) approved, on a non-binding advisory basis, the compensation that may become payable by the Company to its named execut
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 office property, both located in Austin, Texas, for a total sales price of $64.5 million. About Equity Commonwealth 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 2 properties totaling 906,000 square feet. Regulation FD Disclosures We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public co
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 attributable to common shareholders was $28.2 million, or $0.26 per diluted share, for the quarter ended September 30, 2024. This compares to net income attributable to common shareholders of $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023. The decrease in net income was primarily due to a $50.2 million loss on asset impairment. Funds from Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts, for the quarter ended September 30, 2024, were $26.
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 per Series D Preferred Share will be paid on November 15, 2024 to shareholders of record on October 31, 2024 for the period from August 15, 2024 through November 14, 2024. About Equity Commonwealth 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 4 properties totaling 1.5 million square feet. Regulation FD Disclosures We use any of the following to comply with
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 Commission (the "SEC") related to a Special Meeting of Shareholders (the "Special Shareholder Meeting") for the following purpose: (i) to consider and vote upon the Plan of Sale and Dissolution of the Company (the "Plan of Sale"), including the wind-down and complete liquidation of the Company, and the dissolution and termination of the Company, including the establishment of a Liquidating Entity (as defined in the Definitive Proxy), and (ii) on an advisory, non-binding basis, to consider and vote upon compensation that
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 trading. A conference call to discuss those results will be held on Thursday, October 24, 2024, 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. About Equity Commonwealth 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
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 special shareholder meeting (the "Special Shareholder Meeting") at which the Company will seek shareholder approval of its proposed Plan of Sale and Dissolution (the "Plan of Sale") as disclosed in the preliminary proxy statement (the "Preliminary Proxy") filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") on September 19, 2024. The Record Date is subject to change. After receiving clearance, the Company will file a definitive proxy statement with the SEC (the "Definitive Proxy"), which will be
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 Exchange Commission (the "SEC") related to a special shareholder meeting for the following purpose: (i) to consider and vote upon the Plan of Sale and Dissolution of the Company (the "Plan of Sale"), including the wind-down and complete liquidation of the Company, and the dissolution and termination of the Company, including the establishment of a Liquidating Entity (as defined in the Preliminary Proxy), and (ii) on an advisory, non-binding basis, to consider and vote upon compensation that may become payable by the Company to
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 Company's decision to pursue a liquidation following shareholder feedback: "We commend Equity Commonwealth's Board and its management team for making the difficult but correct decision to recommend a liquidation. At the risk of being too subtle: we're pleased." About Irenic Irenic Capital Management, LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and managemen
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- Bloomberg
The company still has $93 million remaining under its prior authorization that expires on June 30, 2024.
Equity Commonwealth (NYSE:EQC) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 8.7 percent increase over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $15.190 million which beat the analyst consensus estimate of $8.206 million by 85.11 percent. This is a 2.48 percent decrease over sales of $15.576 million the same period last year.
Equity Commonwealth (NYSE:EQC) reported quarterly earnings of $0.26 per share which met the analyst consensus estimate. The company reported quarterly sales of $15.15 million which beat the analyst consensus estimate of $8.48 million by 78.63 percent. This is a 4.06 percent decrease over sales of $15.79 million the same period last year.
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Office real estate investment trusts (REITs) are companies that own, operate and/or finance income-generating office properties. Just the same as other REITs, they provide an opportunity to invest in real estate without directly buying and subsequently managing the property. Office REITs generate income primarily through leasing office space and collecting rents from tenants. There's no shortage of office REITs to invest in, so it's important to have criteria to guide your decision. For many investors, dividend yield is the most important factor. If this sounds like you, here are the three office REITs with the highest dividend yields. Equity Commonwealth At 27.35%, Equity C
It's often said that staying in the market beats trying to time the market and when Wall Street has a day like Wednesday when the Federal Reserve said it may cut interest rates three times in 2024, it proves that point. Real estate investment trust (REIT) investors were especially celebrating Wednesday after the Federal Open Market Committee (FOMC) meeting announcement because REITs, which had been bouncing back since late October, exploded with huge share price gains. One question is whether REITs have become short-term overbought, and if so, should investors add to positions now or wait for a pullback? Another question: Should investors buy the REITs that have recently performed the
Equity Commonwealth (NYSE:EQC) reported quarterly earnings of $0.26 per share. This is a 100 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $15.21 million which beat the analyst consensus estimate of $14.50 million by 4.91 percent. This is a 0.57 percent increase over sales of $15.13 million the same period last year.
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