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.
infoEquity Commonwealth is a mid cap stock with a total market cap of 2.10B.
infoThey trade on the NYSE and had their IPO 36 years and 8 months ago.
infoEquity Commonwealth currently employs 22 people.
infoAs of Wednesday, Aug 23 2023, Equity Commonwealth’s share price is $19.16.
News Relating to Equity Commonwealth
Business Wire
Equity Commonwealth Announces Second Quarter 2023 Earnings Conference Call
Tuesday Jun 27 2023 at 16:10
CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2023 operating results on Wednesday, July 26, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, July 27, 2023, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be availab.
Seeking Alpha
The State Of REITs: June 2023 Edition
Monday Jun 19 2023 at 04:40
The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. Only 30.38% of REIT securities had a positive total return in May with only 36.65% in the black year to date.
Seeking Alpha
Further Downside For Office REITs Is In Store, But Equity Commonwealth Might Be An Exception
Monday Jun 12 2023 at 06:51
Office REITs have seen share prices drop between 14.8% and 28.9% this year due to a lack of demand caused by changes in working conditions. Office vacancy rates in the US have worsened, with 65% of the 200 largest areas reporting increases in vacancy rates since 2019. Investors should approach the office REIT market cautiously due to the potential for struggling REITs with high debt and difficulty finding tenants.
Seeking Alpha
Dividend Investing Like The Legendary Sam Zell
Friday May 26 2023 at 08:45
Sam Zell was known as the “Grave Dancer” for buying distressed but quality assets for pennies on the dollar and selling them later at the tippy top of the market. Zell was a master value investor, applying standard value investing principles to the world of commercial real estate.
Seeking Alpha
Equity Commonwealth: An Outperforming Office REIT With External Challenges
Thursday May 25 2023 at 22:57
Equity Commonwealth reported Q1 2023 financial results with a net income of $20.7 million, a significant improvement from a net loss of $0.7 million YoY. The office sector continues to grapple with challenges from the pandemic, despite signs of gradual recovery with increasing workplace attendance.
Seeking Alpha
Office REITs: The New Malls
Friday May 19 2023 at 09:00
The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a weak-but-manageable situation into a bleak one, but there is more nuance than what the prevailing narrative would suggest.
Zacks Investment Research
Go Beyond Bargain Hunting, Buy 5 Stocks With Rising P/E
Thursday May 18 2023 at 08:26
Tap five stocks with increasing P/E ratios to try out a different approach. These stocks include OpGen (OPGN), Horizon Technology Finance (HRZN), Equity Commonwealth (EQC), NOV (NOV) and Spartacus Acquisition (NN).
Seeking Alpha
Equity Commonwealth (EQC) Q1 2023 Earnings Call Transcript
Saturday May 06 2023 at 22:10
Equity Commonwealth (NYSE:EQC ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants David Helfand – President, CEO & Trustee David Weinberg – EVP & COO Conference Call Participants Nicholas Joseph – Citigroup Craig Mailman – Citigroup Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth’s First Results for the Quarter ending March 31, 2023, and an update on the company. [Operator Instructions].
Zacks Investment Research
Forget Bargain Hunting, Buy 5 Stocks With Rising P/E
Thursday May 04 2023 at 07:36
Tap five stocks with increasing P/E ratios to try out a different approach. These stocks include Sweetgreen (SG), Adaptimmune Therapeutics (ADAP), Owl Rock Capital (ORCC), MACOM Technology Solutions (MTSI) and Equity Commonwealth (EQC).
The Motley Fool
These Dividend Stocks Think Their Shares Are Extremely Undervalued
Thursday Apr 20 2023 at 07:11
Many REITs opportunistically repurchased shares at a discount to their net asset value. Those buybacks could help boost their values in the future.
Business Wire
Equity Commonwealth Announces First Quarter 2023 Earnings Conference Call
Tuesday Apr 04 2023 at 16:15
CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) announced today that the company will release its first quarter 2023 operating results on Wednesday, May 3, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, May 4, 2023, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com).
Seeking Alpha
Rate News Not Welcome For Equity Commonwealth
Monday Feb 27 2023 at 17:07
The hawkish Fed comments are unfortunately well-founded, and rates will be stubborn for a while longer. That makes return hurdles harder to jump, and less disciplined buyers are the ones in the market now.
Seeking Alpha
Equity Commonwealth (EQC) Q4 2022 Earnings Call Transcript
Thursday Feb 09 2023 at 14:44
Equity Commonwealth (NYSE:EQC ) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants David Helfand – President, CEO & Trustee David Weinberg – EVP & COO Conference Call Participants Craig Mailman – Citigroup Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth’s results for the fourth quarter and full year ending December 31, 2022, and an update on the company. [Operator Instructions].
Seeking Alpha
Billionaires Are Buying REITs (And You Should Too)
Saturday Jan 21 2023 at 09:00
Many high-profile billionaires are loading up on REITs at the moment. I present 5 reasons why REITs are attractive to billionaires and average investors alike.
Business Wire
Equity Commonwealth Announces Fourth Quarter and Full Year 2022 Earnings Conference Call
Tuesday Jan 10 2023 at 16:10
CHICAGO–( BUSINESS WIRE )–Equity Commonwealth (NYSE: EQC) announced today that the company will release its fourth quarter and full year 2022 operating results on Wednesday, February 8, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, February 9, 2023, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be available following the call.
Seeking Alpha
Capital Markets Could Enable A Move By Equity Commonwealth
Saturday Dec 03 2022 at 03:27
EQC is Sam Zell’s cash vehicle that’s looking to deploy somewhere in real estate. Unsurprisingly, one of the greatest investors in the world has his lieutenants clearly signaling that they have their priorities straight in terms of capital preservation.
Zacks Investment Research
Are You Looking for a Top Momentum Pick? Why Equity Commonwealth (EQC) is a Great Choice
Wednesday Nov 30 2022 at 13:33
Does Equity Commonwealth (EQC) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Seeking Alpha
Equity Commonwealth (EQC) Q3 2022 Earnings Call Transcript
Wednesday Oct 26 2022 at 15:16
Equity Commonwealth (NYSE:EQC ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants David Helfand – President and CEO David Weinberg – COO Conference Call Participants Craig Mailman – Citi Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth’s results for the Third Quarter ending September 30, 2022, and an update on the company. [Operator Instructions] As a reminder, this conference is being recorded.
Business Wire
Equity Commonwealth Announces Third Quarter 2022 Earnings Conference Call
Wednesday Sep 28 2022 at 16:10
CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2022 operating results on Tuesday, October 25, 2022, after the close of trading. A conference call to discuss those results will be held on Wednesday, October 26, 2022, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be ava
Zacks Investment Research
Has Equity Commonwealth (EQC) Outpaced Other Finance Stocks This Year?
Wednesday Sep 21 2022 at 11:17
Here is how Equity Commonwealth (EQC) and Amalgamated Financial (AMAL) have performed compared to their sector so far this year.
The Motley Fool
These 3 Dividend Stocks Are Buying Back Shares Hand Over Fist
Friday Aug 05 2022 at 17:04
REITs don’t usually buy back shares, but these three are.
Seeking Alpha
Equity Commonwealth (EQC) CEO David Helfand on Q2 2022 Results – Earnings Call Transcript
Tuesday Aug 02 2022 at 14:46
Equity Commonwealth (NYSE:EQC ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants David Helfand – President, CEO & Trustee David Weinberg – EVP & COO Conference Call Participants Seth Bergey – Citi Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth’s results for second quarter ending June 30, 2022, and an update on the company. [Operator Instructions].
Seeking Alpha
Equity Commonwealth Charges You Nothing For Sam Zell
Friday Jul 22 2022 at 08:00
EQC is still looking for that big deal, but with real estate market giving up gains, possibilities look better for Sam Zell to place capital. Currently the company trades at book value and is mostly cash, charging you nothing for Sam Zell’s expertise.
GuruFocus
Ron Muhlenkamp’s Firm Goes on Selling Spree in 2nd Quarter
Wednesday Jul 20 2022 at 15:39
Muhlenkamp & Co. Inc., the investment firm founded by Ronald Muhlenkamp (Trades, Portfolio) in 1977, released its equity portfolio for the second quarter earlier this week.
The Motley Fool
3 Ways to Invest in Real Estate With Sam Zell
Wednesday Jul 20 2022 at 05:50
Use his three REITs.
Business Wire
Equity Commonwealth Announces Second Quarter 2022 Earnings Conference Call
Tuesday Jun 28 2022 at 16:10
CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2022 operating results on Monday, August 1, 2022, after the close of trading. A conference call to discuss those results will be held on Tuesday, August 2, 2022, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be available
Zacks Investment Research
Equity Commonwealth (EQC) Upgraded to Strong Buy: What Does It Mean for the Stock?
Tuesday Jun 28 2022 at 13:06
Equity Commonwealth (EQC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
The Motley Fool
This Cash-Rich REIT Is on the Acquisition Hunt
Friday May 13 2022 at 09:05
The REIT is considering many options as it looks to put its cash to work.
Seeking Alpha
Equity Commonwealth (EQC) CEO David Helfand on Q1 2022 Results – Earnings Call Transcript
Saturday May 07 2022 at 18:52
Equity Commonwealth (NYSE:EQC ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants David Helfand – President and Chief Executive Officer David Weinberg – Chief Operations Officer Bill Griffiths – Chief Financial Officer Conference Call Participants Manny Korchman – Citi Jamie Feldman – Bank of America Operator Good morning, and thanks for joining this call to discuss Equity Commonwealth’s results for the quarter ending March 31, 2022, and an update on the Company. At this time, all participants are in a listen-only mode.
Zacks Investment Research
Equity Commonwealth (EQC) Upgraded to Strong Buy: Here’s What You Should Know
Wednesday Mar 30 2022 at 13:33
Equity Commonwealth (EQC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Equity Commonwealth Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Equity Commonwealth’s Altman Z-score is 42.09 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Equity Commonwealth Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $963.00K of common stock in Equity Commonwealth on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Equity Commonwealth’s Income Quality of 1.36 is greater than its Industry Group of 1.05 (29.5% greater)
Equity Commonwealth’s Income Quality of 1.36 is greater than its Major Industry Group of -0.07 (2042.9% greater)
Equity Commonwealth’s Income Quality of 1.36 is greater than its Sector of 0.58 (134.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Equity Commonwealth’s Current Ratio of 72.27 is greater than its Industry Group of 1.33 (5333.8% greater)
Equity Commonwealth’s Current Ratio of 72.27 is greater than its Major Industry Group of 0.32 (22484.4% greater)
Equity Commonwealth’s Current Ratio of 72.27 is greater than its Sector of 1.3 (5459.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
Equity Commonwealth’s PE Ratio of 29.39 is greater than its Industry Group of 8.36 (251.6% greater)
Equity Commonwealth’s PE Ratio of 29.39 is greater than its Major Industry Group of 7.7 (281.7% greater)
Equity Commonwealth’s PE Ratio of 29.39 is greater than its Sector of 7.86 (273.9% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Equity Commonwealth’s PB Ratio of 0.88 is in line with its Industry Group of 0.87 (1.1% greater)
Equity Commonwealth’s PB Ratio of 0.88 is greater than its Major Industry Group of 0.74 (18.9% greater)
Equity Commonwealth’s PB Ratio of 0.88 is greater than its Sector of 0.72 (22.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Equity Commonwealth’s ROE of 0.03 is greater than its Industry Group of 0.01 (200.0% greater)
Equity Commonwealth’s ROE of 0.03 is lower than its Major Industry Group of 0.04 (-25.0% lower)
Equity Commonwealth’s ROE of 0.03 is lower than its Sector of 0.04 (-25.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Equity Commonwealth’s ROCE of -0.01 is lower than its Industry Group of 0.03 (-133.3% lower)
Equity Commonwealth’s ROCE of -0.01 is in line with its Major Industry Group of -0.01
Equity Commonwealth’s ROCE of -0.01 is lower than its Sector of 0.02 (-150.0% lower)
Derived from SEC.GOV filing dataopen_in_new