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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.

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Equity Commonwealth (NYSE: EQC) will release its Q2 2022 operating results on August 1, 2022, after market close. A conference call to discuss these results is scheduled for August 2, 2022, at 9:00 am CT. The call will be accessible via a live audio webcast on the company's website.

Based in Chicago, EQC is an internally managed REIT with a portfolio of 4 commercial office properties totaling 1.5 million square feet.

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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.

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Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share. This dividend will be paid on May 16, 2022, to shareholders on record by April 29, 2022, covering the period from February 15, 2022 to May 14, 2022. Equity Commonwealth is a Chicago-based real estate investment trust (REIT) with a portfolio of four commercial office properties, totaling 1.5 million square feet.

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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.

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Equity Commonwealth (NYSE: EQC) has announced an additional $150 million share repurchase authorization, increasing its total available repurchase funds to $202 million. This includes $52 million remaining from the previous authorization. The share repurchase program is active through June 30, 2023. As of March 14, 2022, EQC has repurchased $73.6 million worth of shares this year at an average price of $25.83 per share. The company will hold its virtual Annual Meeting on June 21, 2022.

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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.

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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.

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Equity Commonwealth (NYSE: EQC) declared a quarterly dividend of $0.40625 on its Series D Preferred Shares. This dividend will be paid on February 15, 2022, to shareholders of record by January 28, 2022, covering the period from November 15, 2021 to February 14, 2022. The company, based in Chicago, operates as a real estate investment trust with a portfolio of four properties totaling 1.5 million square feet.

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Equity Commonwealth (NYSE: EQC) announced an additional $150 million share repurchase authorization, increasing the total to $170.5 million available through December 31, 2022. Year-to-date, the company has repurchased 5,005,699 shares at an average price of $25.87, totaling $129.5 million. The repurchase will occur at the company's discretion, subject to market conditions. This strategy aims to enhance shareholder value and reflects the company's confidence in its financial strength.

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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