Equity Commonwealth 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.

Company profile
Ticker
EQC, EQC-PD
Exchange
Website
CEO
David Helfand
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CommonWealth REIT, HEALTH & REHABILITATION PROPERTIES TRUST, HEALTH & RETIREMENT PROPERTIES TRUST, HRPT PROPERTIES TRUST
SEC CIK
Corporate docs
Subsidiaries
EQC 600 West Chicago Property LLC • EQC 625 Crane Property LLC • EQC Capitol Tower Property LLC • EQC Herald Square Property LLC • EQC Industrial Properties LLC • EQC Securities LLC • EQC TRS, Inc. • Equity Commonwealth LLC • Equity Commonwealth Management LLC ...
IRS number
46558834
EQC stock data
Press releases
Calendar
4 May 22
2 Jul 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B |
Cash burn (monthly) | 26.36M | 20.76M | (no burn) | 415.75K | (no burn) | (no burn) |
Cash used (since last report) | 80.82M | 63.66M | n/a | 1.27M | n/a | n/a |
Cash remaining | 2.64B | 2.66B | n/a | 2.72B | n/a | n/a |
Runway (months of cash) | 100.2 | 128.0 | n/a | 6544.0 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 22 | Ellen-Blair Chube | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 3,604 | 0 | 9,831 |
21 Jun 22 | Linneman Peter | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 3,604 | 0 | 37,413 |
21 Jun 22 | Star James A | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 3,604 | 0 | 73,535 |
21 Jun 22 | Spector Gerald A | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 3,604 | 0 | 33,520 |
21 Jun 22 | Edelman Martin L | LTIP Units Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 3,604 | 0 | 3,604 |
Institutional ownership, Q1 2022
98.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 242 |
Opened positions | 29 |
Closed positions | 36 |
Increased positions | 70 |
Reduced positions | 113 |
13F shares | Current |
---|---|
Total value | 3.13B |
Total shares | 110.89M |
Total puts | 25.2K |
Total calls | 20.6K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 18.09M | $510.33M |
Nuance Investments | 13.67M | $385.52M |
TROW T. Rowe Price | 11.65M | $328.56M |
BLK Blackrock | 10.59M | $298.72M |
STT State Street | 5.67M | $159.82M |
FMR | 5.46M | $154.02M |
Segall Bryant & Hamill | 4.26M | $120.1M |
Ariel Investments | 2.91M | $81.96M |
Chai Trust | 2.58M | $72.9M |
Geode Capital Management | 2.22M | $62.59M |
Financial report summary
?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, 2020 to December 31, 2021.
- (2)Other properties consist of properties sold.
- (3)We define net operating income, or NOI, 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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
forward, garage, payroll, refund, reserved, thereof, Thompson, Wunderman
Removed:
ASC, Codification, comprehensive, consideration, consultant, deferred, document, dramatic, East, enforceable, expedient, FASB, franchise, gain, guidance, independent, individually, largely, lessor, meeting, MNR, mortgage, par, policy, practical, repayment, sale, Senior, September, strategic, Street, Topic, transaction, transfer, treat, unchanged, uncollectible, vast, York
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 22
8-K
Equity Commonwealth Reports First Quarter 2022 Results
4 May 22
8-K
Equity Commonwealth Reports Fourth Quarter and Full Year 2021 Results
9 Feb 22
8-K
Departure of Directors or Certain Officers
28 Jan 22
8-K
Equity Commonwealth Reports Third Quarter 2021 Results
27 Oct 21
8-K
Equity Commonwealth Announces Results of Special Meeting and Termination of Merger Agreement with Monmouth
1 Sep 21
8-K
Equity Commonwealth and Monmouth Real Estate Amend Merger
16 Aug 21
8-K
Equity Commonwealth Reports Second Quarter 2021 Results
28 Jul 21
8-K
Other Events
2 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
24 Jun 21
Registration and prospectus
425
Business combination disclosure
25 Aug 21
POS AM
Prospectus update (post-effective amendment)
20 Aug 21
425
Business combination disclosure
18 Aug 21
425
Business combination disclosure
16 Aug 21
425
Business combination disclosure
16 Aug 21
425
Business combination disclosure
16 Aug 21
425
Business combination disclosure
1 Aug 21
425
Business combination disclosure
29 Jul 21
425
Business combination disclosure
29 Jul 21
425
Business combination disclosure
28 Jul 21
Proxies
DEFA14A
Additional proxy soliciting materials
26 Apr 22
DEFA14A
Additional proxy soliciting materials
27 Apr 21
DEFA14A
Additional proxy soliciting materials
20 May 20
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
14 Jun 19
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 19
Other
EFFECT
Notice of effectiveness
25 Aug 21
EFFECT
Notice of effectiveness
26 Jul 21
CORRESP
Correspondence with SEC
21 Jul 21
UPLOAD
Letter from SEC
13 Jul 21
UPLOAD
Letter from SEC
14 Oct 18
CORRESP
Correspondence with SEC
27 Sep 18
UPLOAD
Letter from SEC
11 Sep 18
CORRESP
Correspondence with SEC
13 Aug 18
UPLOAD
Letter from SEC
1 Aug 18
UPLOAD
Letter from SEC
18 Jul 17
Ownership
4
Equity Commonwealth / MARY JANE ROBERTSON ownership change
22 Jun 22
4
Equity Commonwealth / MARTIN L EDELMAN ownership change
22 Jun 22
4
Equity Commonwealth / GERALD A SPECTOR ownership change
22 Jun 22
4
Equity Commonwealth / JAMES A STAR ownership change
22 Jun 22
4
Equity Commonwealth / PETER LINNEMAN ownership change
22 Jun 22
4
Equity Commonwealth / Ellen-Blair Chube ownership change
22 Jun 22
3
Equity Commonwealth / Andrew Levy ownership change
14 Mar 22
SC 13G/A
Equity Commonwealth / BlackRock ownership change
11 Mar 22
SC 13G/A
Equity Commonwealth / PRICE T ROWE ASSOCIATES ownership change
10 Mar 22
SC 13G
Equity Commonwealth / INFRASTRUCTURE CAPITAL ADVISORS ownership change
14 Feb 22
Transcripts
2022 Q1
Earnings call transcript
7 May 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
1 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
13 Feb 20
Reddit threads
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Tesla Gigafactory Berlin is expected to finally receive approval for production this week; stock rallies
28 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22
How Tesla has conquered EV Batteries whilst the 'competition' struggles ...
6 Feb 22
After seeing Sony's new announcement about diving into the EV industry, I'm starting to understand why Dr. Burry Is saying Tesla is a Bubble.
8 Jan 22
Under no analysis is there expected to be a slowdown in Tesla’s growth. But how much optimism is factored in the price already?
3 Jan 22