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.
Equity Commonwealth (NYSE: EQC) reported a significant turnaround for Q4 and the full year ended December 31, 2022. Net income surged to $18.9 million ($0.17 per diluted share) for Q4, compared to a net loss of $3.6 million in Q4 2021. For the full year, net income reached $29.3 million ($0.26 per diluted share), reversing a previous loss of $24.4 million. Funds from Operations (FFO) for Q4 were $23.5 million ($0.21 per diluted share), marking an increase from $0.7 million in Q4 2021. The company's same property NOI rose by 14.5% in Q4 and 17.0% for the full year. As of December 31, 2022, cash and cash equivalents stood at $2.6 billion.
Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2022 common and preferred share distributions. The total distribution per common share is $1.00, with $0.99 classified as taxable ordinary dividends and $0.01 as a non-taxable return of capital. For Series D preferred stock, the total distribution per share is $0.406250, all classified as taxable ordinary dividends. Key record and payment dates include September 29, 2022, for common stock and January 28, 2022, for preferred stock. Shareholders are advised to consult their tax advisors regarding the tax treatment of these distributions.
Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, payable on February 15, 2023, to shareholders recorded on January 31, 2023. This dividend covers the period from November 15, 2022 to February 14, 2023. The company is an internally managed real estate investment trust (REIT) based in Chicago, with a portfolio consisting of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) will release its fourth quarter and full year 2022 operating results on February 8, 2023, post-market. A subsequent conference call is scheduled for February 9, 2023, at 9:00 am Central Time, accessible via the company’s website. Equity Commonwealth is an internally managed REIT based in Chicago, focusing on commercial office properties with a portfolio of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) achieved net income of $10.2 million ($0.09 per diluted share) for Q3 2022, rebounding from a net loss of $4.8 million in Q3 2021. This improvement was primarily driven by increased interest income due to higher average rates. Funds from Operations (FFO) were reported at $14.5 million ($0.13 per diluted share), a significant recovery from the prior year's negative FFO. As of September 30, 2022, cash reserves stood at $2.7 billion, while the same property portfolio was 83.4% leased. The company also declared a special cash distribution of $1.00 per share.
Equity Commonwealth (NYSE: EQC) announced a quarterly dividend of
Equity Commonwealth (NYSE: EQC) will release its third quarter 2022 operating results on October 25, 2022, after market close. A conference call for discussion of these results will take place on October 26, 2022, at 9:00 am Central Time, available via live audio webcast on the company’s website. Equity Commonwealth, based in Chicago, is a self-advised REIT focusing on commercial office properties across the United States, with a portfolio consisting of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) has declared a special cash distribution of
Equity Commonwealth (NYSE: EQC) reported a net income of $0.9 million for Q2 2022, reversing a net loss of $3.9 million in Q2 2021. This improvement was driven by increased interest income due to higher average interest rates. Funds from Operations (FFO) rose to $5.2 million, compared to $0.4 million in the previous year. The company achieved an 8.0% increase in same property Net Operating Income (NOI) and a 12.3% increase in same property cash NOI. As of June 30, 2022, the company repurchased 1.4 million shares, with $164.7 million remaining in its repurchase program.
Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share. This dividend will be distributed on August 15, 2022 to shareholders on record as of July 29, 2022, covering the period from May 15, 2022 to August 14, 2022. The company, based in Chicago, operates a portfolio of 4 commercial properties totaling 1.5 million square feet. Investors are encouraged to monitor EQC’s website for material disclosures pertaining to the company.
FAQ
What is the current stock price of Equity Commonwealth (EQC)?
What is the market cap of Equity Commonwealth (EQC)?
What type of properties does Equity Commonwealth invest in?
Where are Equity Commonwealth’s properties located?
What is the main source of income for Equity Commonwealth?
What are the core values of Equity Commonwealth?
How many properties does Equity Commonwealth own?
What is the total square footage of Equity Commonwealth’s portfolio?
What is the corporate culture like at Equity Commonwealth?
How can I apply for a job at Equity Commonwealth?
Is Equity Commonwealth internally managed?
How does Equity Commonwealth ensure value creation?
