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) will report its Q1 2021 operating results on May 4, 2021, after market close. A conference call to discuss these results is scheduled for May 5, 2021, at 9:00 AM CT, accessible via live audio webcast on the company's Investor Relations website. As a self-advised REIT based in Chicago, EQC manages a portfolio of 4 properties totaling 1.5 million square feet, focusing on commercial office spaces across the U.S.
Equity Commonwealth (NYSE: EQC) will hold its Annual Meeting of Shareholders virtually on June 23, 2021, at 9:00 a.m. CT. Shareholders of record by April 15, 2021, can vote during the meeting. Details on accessing the meeting, voting, and submitting questions will be provided in the definitive proxy statement to be filed with the SEC. Equity Commonwealth is a Chicago-based REIT focusing on commercial office properties, with a portfolio of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) has announced that David Helfand, President and CEO, will participate in a roundtable at the Citi 2021 Global Property CEO Conference. This event is scheduled for Thursday, March 11, 2021, at 8:15 a.m. Eastern Time. Investors can access a live audio webcast via the company’s Investor Relations section on their website, www.eqcre.com. Equity Commonwealth is a Chicago-based REIT focused on U.S. commercial office properties, managing a portfolio of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) announced key leadership changes affecting its executive management and board. Adam Markman resigned as CFO, effective March 31, 2021, to pursue other opportunities. Bill Griffiths, formerly the Senior Vice President of Capital Markets, will take over as CFO from April 1, 2021. Additionally, board members Edward Glickman, James Lozier, and Kenneth Shea will not seek re-election at the upcoming annual shareholder meeting in June 2021, marking an end to their tenure since 2014.
Equity Commonwealth (NYSE: EQC) has authorized a new share repurchase program for up to $150 million of its outstanding common shares, effective through June 30, 2022. This follows the expiration of a previous authorization on March 10, 2021. Purchases will be conducted in compliance with federal securities laws and may occur in various forms, including open market transactions. The timing and amount of repurchases will depend on market conditions and other factors. This program indicates the company's intention to enhance shareholder value.
Equity Commonwealth (NYSE: EQC) reported its Q4 and full year 2020 financial results. For Q4, net loss was $3.7 million ($0.03/share), a drop from a $14 million profit in Q4 2019. Funds from Operations (FFO) plummeted to $0.6 million ($0.00/share) compared to $19.8 million ($0.16/share) a year prior. For the full year, net income decreased to $443 million ($3.56/share) from $485 million ($3.90/share) in 2019. The company collected 97% of rents, but same property NOI fell 9.1% year-over-year. The company paid a special dividend of $3.50/share in October 2020.
Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2020 common and preferred share distributions. Key details include:
- Common Stock Total Distribution: $3.50
- Series D Preferred Stock Total Distribution: $0.406250
- 2020 Taxable Ordinary Dividends for Common Stock: $0.005321
- 2020 Total Capital Gain Distribution for Common Stock: $3.494679
Shareholders are advised to consult tax advisors for specific tax implications regarding these distributions. The classifications are based on estimates subject to adjustment.
Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 on its Series D Preferred Shares. This dividend will be paid on February 16, 2021, to shareholders recorded on January 28, 2021, covering the period from November 15, 2020 to February 14, 2021. EQC operates as a self-advised real estate investment trust focused on commercial office properties, managing 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) will announce its fourth quarter and full year 2020 operating results on February 10, 2021, post-market. A corresponding conference call is scheduled for February 11, 2021, at 9:00 am CT, available via live audio webcast on the company’s website. Equity Commonwealth is a Chicago-based REIT focusing on commercial office properties, managing a portfolio comprising 4 properties and 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) announced the resignation of Trustee James Corl, effective November 19, 2020. Corl has been a board member since May 2014. Chairman Sam Zell expressed appreciation for Corl's contributions during his tenure. EQC is an internally managed REIT with a portfolio of 4 commercial office properties totaling 1.5 million square feet, located in the United States. The company emphasizes compliance with disclosure obligations under Regulation FD and encourages stakeholders to monitor its website for important updates.
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