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EQC Equity Commonwealth

Equity Commonwealth operates as an internally managed and self-advised real estate investment trust, which engages in the ownership and operation of office properties. The company was founded by Barry M. Portnoy on October 9, 1986 and is headquartered in Chicago, IL.

Company profile

Ticker
EQC, EQC-PD
Exchange
Website
CEO
David Helfand
Employees
Incorporated
Location
Fiscal year end
Former names
CommonWealth REIT, HEALTH & REHABILITATION PROPERTIES TRUST, HEALTH & RETIREMENT PROPERTIES TRUST, HRPT PROPERTIES TRUST
SEC CIK
IRS number
46558834

EQC stock data

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Calendar

5 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.97B 2.97B 2.97B 2.97B 2.97B 2.97B
Cash burn (monthly) 5.39M 31.71M 3.34M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 15.02M 88.36M 9.3M n/a n/a n/a
Cash remaining 2.96B 2.88B 2.96B n/a n/a n/a
Runway (months of cash) 548.3 90.9 887.9 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Feb 21 Orrin S Shifrin Common Shares of Beneficial Interest Payment of exercise Dispose F Yes No 28.97 28,108 814.29K 204,156
9 Feb 21 Orrin S Shifrin Common Shares of Beneficial Interest Grant Aquire A Yes No 0 29,746 0 232,264
9 Feb 21 Orrin S Shifrin Common Shares of Beneficial Interest Option exercise Aquire M Yes No 0 22,799 0 202,518
9 Feb 21 Orrin S Shifrin Restricted Share Units Common Shares of Beneficial Interest Grant Aquire A Yes No 0 29,745 0 29,745
9 Feb 21 Orrin S Shifrin Restricted Share Units Common Shares of Beneficial Interest Option exercise Dispose M Yes No 0 22,799 0 0
9 Feb 21 Jeffrey Douglas Brown Common Shares of Beneficial Interest Payment of exercise Dispose F No No 28.97 1,176 34.07K 12,160
9 Feb 21 Jeffrey Douglas Brown Common Shares of Beneficial Interest Grant Aquire A No No 0 1,613 0 13,336
9 Feb 21 Jeffrey Douglas Brown Common Shares of Beneficial Interest Option exercise Aquire M No No 0 1,107 0 11,723
9 Feb 21 Jeffrey Douglas Brown Restricted Share Units Common Shares of Beneficial Interest Grant Aquire A No No 0 1,612 0 1,612
9 Feb 21 Jeffrey Douglas Brown Restricted Share Units Common Shares of Beneficial Interest Option exercise Dispose M No No 0 1,107 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 269 259 +3.9%
Opened positions 51 46 +10.9%
Closed positions 41 51 -19.6%
Increased positions 101 101
Reduced positions 81 91 -11.0%
13F shares
Current Prev Q Change
Total value 3.16B 3.13B +1.0%
Total shares 113.59M 114.65M -0.9%
Total puts 23.6K 44K -46.4%
Total calls 11.6K 13.4K -13.4%
Total put/call ratio 2.0 3.3 -38.0%
Largest owners
Shares Value Change
Vanguard 17.97M $499.67M +3.2%
Nuance Investments 14.23M $395.62M +3.3%
BLK Blackrock 9.47M $263.32M +10.3%
TROW T. Rowe Price 5.97M $165.96M +1.0%
STT State Street 4.15M $115.27M +0.0%
FMR 3.95M $109.9M +10.1%
Wellington Management 3.87M $107.72M -6.2%
Segall Bryant & Hamill 3.49M $96.94M +4.3%
Chai Trust 2.58M $71.84M 0.0%
Port Capital 1.99M $55.32M +28.0%
Largest transactions
Shares Bought/sold Change
JHG Janus Henderson 1.07M -2.18M -67.0%
Artisan Partners Limited Partnership 1.94M +1.94M NEW
Jackson Square Partners 1.77M -1.42M -44.5%
Norges Bank 0 -1.28M EXIT
BLK Blackrock 9.47M +881.54K +10.3%
Hudson Way Capital Management 559.19K -763.89K -57.7%
Aperio 0 -688.19K EXIT
Brandywine Global Investment Management 652.97K +652.97K NEW
Cramer Rosenthal MCGLYNN 0 -640.97K EXIT
Vanguard 17.97M +552.67K +3.2%

Financial report summary

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Risks
  • The number of our common shares available for future issuance or sale could adversely affect the per share trading price of our common shares and may be dilutive to current shareholders.
Management Discussion
  • (1)Comparable properties consist of four properties we owned continuously from January 1, 2019 to December 31, 2020.
  • (2)Other properties consist of properties sold.
  • (3)We define net operating income, or NOI, as shown above, as income from our real estate including lease termination fees received from tenants less our property operating expenses.  NOI excludes amortization of capitalized tenant improvement costs and leasing commissions and corporate level expenses.  For a discussion of why we consider NOI to be an appropriate supplemental measure to net income as well as a reconciliation of NOI to net income, the most directly comparable financial measure under GAAP reported on our consolidated financial statements, please see "Liquidity and Capital Resources - Property Net Operating Income (NOI)."
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: acquired, application, ASU, beginning, demand, discount, focused, Framework, HVAC, line, marketable, owner, payroll, permitted, premium, replacement, security, shift, simple, slightly, straight, supply, unamortized, unsecured, updated