Streetbeat News

EQC

Equity Commonwealth

https://www.eqcre.com

Industry

REIT - Office

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.

Open

1.70

Mkt cap

181M

Volume

2.3M

High

1.71

P/E Ratio

4.43

52-wk high

21.00

Low

1.66

Div yield

11.28

52-wk low

1.40

Equity Commonwealth has declared an initial cash liquidating distribution of $19.00 per common share, to be paid on December 6, 2024. The ex-dividend date is November 25, 2024. The estimated total shareholder liquidating distribution is between $19.50 and $21.00 per share.

Portfolio Pulse from

November 15, 2024 | 12:00 pm

Equity Commonwealth is liquidating with a final distribution value range of $19.5 - $21 per share, expected to delist in Q2 2025. The company has sold most assets, with a significant write-down on Texas properties, reflecting broader office REIT market trends. The remaining Denver property is valued at $153 million, contributing to a total cash value of around $2.25 billion, an insufficient 4% upside.

Portfolio Pulse from

November 12, 2024 | 10:30 pm

Equity Commonwealth (NYSE: EQC) held a special shareholder meeting where the Plan of Sale and Dissolution was approved, leading to the company's wind-down, liquidation, and termination.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

Equity Commonwealth (NYSE:EQC) reported Q3 2024 earnings of $0.25 per share, surpassing the analyst estimate of $0.23. Sales reached $13.988 million, significantly beating the $7.070 million estimate, despite an 8.05% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:27 pm

Equity Commonwealth reported Funds From Operations (FFO) of $0.24 for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:30 pm

Activist investor Indaba Capital Management has reportedly amassed a stake in Equity Commonwealth (EQC), according to Bloomberg. This move could signal potential changes or strategic shifts within the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:08 pm

Equity Commonwealth (EQC) has announced plans to repurchase up to an additional $150 million of its common shares from July 1, 2024, through June 30, 2025, under its existing share repurchase program. The company still has $93 million remaining under its prior authorization, which expires on June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:49 pm

Equity Commonwealth (NYSE:EQC) reported Q1 2024 FFO of $0.25 per share, meeting analyst estimates, and sales of $15.190M, surpassing the $8.206M estimate. This represents an 8.7% increase in earnings per share and an 85.11% beat on sales estimates compared to the same period last year, despite a slight 2.48% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:28 pm

Equity Commonwealth (NYSE:EQC) reported Q4 2023 FFO of $0.26 per share, meeting analyst estimates, with sales of $15.15M surpassing the $8.48M forecast by 78.63%. However, this represents a 4.06% decrease from the previous year's sales of $15.79M.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:51 pm

Numerous companies are scheduled to report their earnings on February 12, 2024, with expectations spanning from losses to significant profits across various sectors. Key reports include Goodyear Tire & Rubber with expected earnings of $0.36 per share on $5.39 billion revenue, and Avis Budget Group projecting earnings of $4.15 per share on $2.81 billion revenue. The diversity in performance indicators reflects a broad economic landscape, potentially influencing market movements.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 10:21 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.