Equity Commonwealth
EQC

$20.38

0.49%

Market Cap: $2.19B

About: Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices.

Employees: 22

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 8 (+2) [Q2]

1% more capital invested

Capital invested by funds: $1.93B [Q1] → $1.95B (+$21M) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 96

9% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 43

2% less funds holding

Funds holding: 262 [Q1] → 258 (-4) [Q2]

1.87% less ownership

Funds ownership: 95.56% [Q1] → 93.69% (-1.87%) [Q2]

50% less call options, than puts

Call options by funds: $755K | Put options by funds: $1.5M

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Research analyst outlook

We haven’t received any recent analyst ratings for EQC.

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Financial journalist opinion

Equity Commonwealth Files Preliminary Proxy in Connection with Proposed Plan of Sale and Dissolution of the Company

CHICAGO--(BUSINESS WIRE)--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 th.

Equity Commonwealth Files Preliminary Proxy in Connection with Proposed Plan of Sale and Dissolution of the Company

Equity Commonwealth (EQC) Q2 2024 Earnings Call Transcript

Equity Commonwealth (NYSE:EQC ) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Bill Griffiths - CFO Conference Call Participants Nick Joseph - Citi Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth's results for the quarter ending June 30, 2024, and an update on the company. [Operator Instructions].

Equity Commonwealth (EQC) Q2 2024 Earnings Call Transcript

Equity Commonwealth Reports Second Quarter 2024 Results

CHICAGO--(BUSINESS WIRE)--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 primaril.

Equity Commonwealth Reports Second Quarter 2024 Results

Irenic Calls on Equity Commonwealth to Heed Shareholder Feedback and Pursue a Liquidation

NEW YORK--(BUSINESS WIRE)--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 need for the Company's Board of Trustees (the “Board”) to heed shareholder feedback and pursue a liquidation of EQC: “After a decade of underperformance, it is time for EQC's Board to focus exclusively on an orderly liquidation. This value-maximizing path offers certainty for shareholders, who are cl.

Irenic Calls on Equity Commonwealth to Heed Shareholder Feedback and Pursue a Liquidation

Indaba Capital Urges Equity Commonwealth's Board to Cease its Exploration of “Transformative” Acquisitions and Pursue a Liquidation to Maximize Shareholder Value

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management, L.P. (together with its affiliates, “Indaba” or “we”), which is a top 10 shareholder of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), today issued the following open letter to the Company's Board of Trustees (the “Board”) regarding the need to protect shareholders' capital and prioritize their best interests following years of financial underperformance. *** July 22, 2024 Equity Commonwealth Two North Riverside Plaza, Suite.

Indaba Capital Urges Equity Commonwealth's Board to Cease its Exploration of “Transformative” Acquisitions and Pursue a Liquidation to Maximize Shareholder Value

Equity Commonwealth Declares Series D Preferred Dividend

CHICAGO--(BUSINESS WIRE)--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 tr.

Equity Commonwealth Declares Series D Preferred Dividend

Equity Commonwealth Announces Second Quarter 2024 Earnings Conference Call

CHICAGO--(BUSINESS WIRE)--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 availabl.

Equity Commonwealth Announces Second Quarter 2024 Earnings Conference Call

Equity Commonwealth Announces $150 Million Share Repurchase Authorization

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Board of Trustees authorized the repurchase, from July 1, 2024 through June 30, 2025, of up to an additional $150 million of its outstanding common shares under the company's existing share repurchase program. The company still has $93 million remaining under its prior authorization that expires on June 30, 2024. Year-to-date through June 18, 2024 the company has not repurchased any shares. Purchases made pursuan.

Equity Commonwealth Announces $150 Million Share Repurchase Authorization

Equity Commonwealth: Analyzing Potential Preferred Share Returns

By the end of the year, management will announce either a transformative acquisition or the wind down of the business. If the business winds down, an investment in the company's preferred shares might offer an opportunity for risk-free returns. An investment below the preferred share liquidation value of $25.00 offers limited downside.

Equity Commonwealth: Analyzing Potential Preferred Share Returns

Equity Commonwealth: Conservative Capital Structure With A 9-18% Upside

Equity Commonwealth is an Office REIT owning just 4 office buildings but with a $2.17 billion cash pile. The company's portfolio has a leased rate of only 75.4%. Despite lower cash basis NOI, normalized FFO increased 13% Y/Y due to higher interest income.

Equity Commonwealth: Conservative Capital Structure With A 9-18% Upside

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