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 net loss attributable to common shareholders of $0.7 million, or $0.01 per diluted share, for Q1 2022, an improvement from a net loss of $12.0 million, or $0.10 per diluted share, in Q1 2021. Funds from Operations (FFO) reached $3.7 million, or $0.03 per diluted share, versus $(7.7) million, or $(0.06) per diluted share, in the prior year. The same property portfolio increased cash NOI by 30% largely due to a previously reserved receivable collection. The Board authorized a $150 million share repurchase program, with $198.2 million remaining as of May 3, 2022.
Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of
Equity Commonwealth (NYSE: EQC) is set to release its first quarter 2022 operating results on May 4, 2022, after trading hours. A conference call will follow on May 5, 2022, at 9:00 am Central Time to discuss the results, available via live audio webcast on the company's website. Equity Commonwealth is a Chicago-based self-advised REIT focusing on commercial office properties, boasting a portfolio of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) has announced an additional
Equity Commonwealth (NYSE: EQC) reported a net loss of $3.6 million, or $0.03 per diluted share, for Q4 2021, slightly improved from a loss of $3.7 million in Q4 2020. For the full year, the net loss was $24.4 million, a stark contrast to a net income of $443.3 million in 2020, attributed to decreased gains on property sales. Funds from Operations (FFO) were -$6.8 million for 2021, down from $15.8 million in 2020. Same property NOI fell 7.2% year-over-year. The company authorized a $150 million share repurchase program, repurchasing $163.1 million worth of shares during Q4 2021.
Equity Commonwealth (NYSE: EQC) will release its Q4 and full year 2021 operating results on February 9, 2022, post-market. A conference call to discuss these results is scheduled for February 10, 2022, at 9:00 AM CT. Investors can access the call via live audio webcast on the company’s website. Equity Commonwealth is a Chicago-based real estate investment trust with a portfolio of 4 properties totaling 1.5 million square feet across the United States.
Equity Commonwealth (NYSE: EQC) declared a quarterly dividend of
Equity Commonwealth (NYSE: EQC) announced an additional
Equity Commonwealth (NYSE: EQC) reported a net loss of $4.8 million, or $0.04 per diluted share, for Q3 2021, compared to a loss of $1.6 million, or $0.01 per diluted share, in Q3 2020. Funds from Operations (FFO) were negative $0.3 million, a decline from $3.3 million in the prior year. Same property NOI decreased by 20.7%, and cash NOI fell by 9.6%. The portfolio was 82.5% leased, down from 83.1% in Q2 2021. Notably, the company terminated a merger with Monmouth Real Estate and repurchased shares totaling $26.8 million year-to-date.
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