Welcome to our dedicated page for Equity Commonwealth news (Ticker: $EQC), a resource for investors and traders seeking the latest updates and insights on Equity Commonwealth stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Equity Commonwealth's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Equity Commonwealth's position in the market.
Equity Commonwealth (NYSE: EQC) reported Q1 2024 financial results with net income of $23.4 million, FFO of $27.8 million, and Normalized FFO of $27.6 million. Cash balance was $2.2 billion. Same property portfolio NOI increased by 4.3% but cash NOI decreased by 6.9%. The company has completed dispositions of $7.6 billion, distributed $1.8 billion to shareholders, repurchased $652 million of shares, and intends to wind down its business by the end of the year.