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Equity Commonwealth - EQC STOCK NEWS

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.

Equity Commonwealth (NYSE: EQC) is a Chicago-based, internally managed, and self-advised real estate investment trust (REIT) with a focus on commercial office properties across the United States. With a portfolio comprising 15 properties and 7.1 million square feet, EQC stands out in the real estate sector.

EQC’s core business involves the acquisition, ownership, and operation of office buildings located in key urban areas like Washington, Austin, and Denver. The company's income is predominantly generated from rental revenue obtained from tenants occupying these office spaces.

Equity Commonwealth prides itself on a corporate culture built on accountability and alignment with stakeholders. The company's guiding principles emphasize using good judgment, keeping commitments, teamwork, transparency, and rewarding outstanding performance. It fosters open communication and celebrates diversity among its workforce.

Recent achievements highlight EQC’s commitment to value creation and operational excellence. The company's strategic focus is reflected in its well-maintained and strategically located office properties, ensuring maximum value for both tenants and investors.

For career opportunities, Equity Commonwealth encourages interested candidates to visit their official career portal at this link.

Rhea-AI Summary
Land & Buildings Investment Management, LLC urges Equity Commonwealth (EQC) to liquidate its properties and return cash to shareholders due to underperformance and excessive costs. The company is trading below its cash value of $2.2 billion, with more than 20% upside to consensus NAV.
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Equity Commonwealth (EQC) schedules virtual Annual Meeting of Shareholders for June 18, 2024, providing details on participation and voting rights.
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Equity Commonwealth (EQC) reported strong financial results for the quarter and year ended December 31, 2023, with net income attributable to common shareholders increasing to $24.6 million and $83.2 million, respectively. Funds from Operations (FFO) and Normalized FFO also showed significant growth. The company's same property portfolio experienced fluctuations in occupancy rates and NOI, impacting overall performance. Key events during the year included a special cash distribution, changes in board leadership, and share repurchases.
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Equity Commonwealth (EQC) has announced the tax treatment of its 2023 common and preferred share distributions. The common stock will have a total distribution of $4.25 per share, with $2.72 as taxable ordinary dividends and $1.53 as non-taxable distribution. The Series D Cumulative Convertible Preferred Stock will have a total distribution of $1.625 per share, with $1.625 as taxable ordinary dividends. Shareholders are advised to consult with their tax advisors for specific tax treatment.
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Equity Commonwealth (EQC) declared a quarterly dividend of $0.40625 per Series D Preferred Share, to be paid on February 15, 2024, to shareholders of record on January 31, 2024. The dividend is for the period from November 15, 2023, through February 14, 2024.
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Equity Commonwealth (NYSE: EQC) will release its Q4 and full year 2023 operating results on February 12, 2024, with a conference call to discuss the results on February 13, 2024. The call will be available via live audio webcast on the company's website.
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Equity Commonwealth (NYSE: EQC) reported Q3 2023 financial results. Net income attributable to common shareholders was $24.1 million, compared to $10.2 million in Q3 2022. Funds from Operations (FFO) were $28.7 million, compared to $14.5 million in Q3 2022. Normalized FFO was $28.6 million. Same property NOI decreased 6.8% compared to Q3 2022. The company repurchased 3,018,411 common shares during the quarter.
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Equity Commonwealth declares dividend on Series D Preferred Shares
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Equity Commonwealth to release Q3 2023 operating results on October 30, 2023, after market close. Conference call to discuss results on October 31, 2023, at 9:00 am Central Time.
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FAQ

What is the current stock price of Equity Commonwealth (EQC)?

The current stock price of Equity Commonwealth (EQC) is $1.77 as of December 20, 2024.

What is the market cap of Equity Commonwealth (EQC)?

The market cap of Equity Commonwealth (EQC) is approximately 187.3M.

What type of properties does Equity Commonwealth invest in?

Equity Commonwealth primarily invests in commercial office properties located throughout the United States.

Where are Equity Commonwealth’s properties located?

EQC's properties are dispersed in major urban markets including Washington, Austin, and Denver.

What is the main source of income for Equity Commonwealth?

The main source of income for EQC is rental revenue from tenants occupying its office spaces.

What are the core values of Equity Commonwealth?

EQC's core values include accountability, teamwork, transparency, rewarding outstanding performance, and celebrating diversity.

How many properties does Equity Commonwealth own?

Equity Commonwealth owns a total of 15 commercial office properties.

What is the total square footage of Equity Commonwealth’s portfolio?

EQC’s portfolio totals 7.1 million square feet.

What is the corporate culture like at Equity Commonwealth?

EQC’s corporate culture emphasizes transparency, open communication, and alignment with stakeholders to create value.

How can I apply for a job at Equity Commonwealth?

Interested candidates can apply for career opportunities through their official career portal available at their website.

Is Equity Commonwealth internally managed?

Yes, Equity Commonwealth is an internally managed and self-advised real estate investment trust.

How does Equity Commonwealth ensure value creation?

EQC ensures value creation by maintaining high standards in property operations, fostering strong tenant relationships, and strategic property acquisitions.

Equity Commonwealth

NYSE:EQC

EQC Rankings

EQC Stock Data

187.30M
105.08M
2.1%
99.52%
1.64%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
CHICAGO