EQC Equity Commonwealth Dashboard

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

NYSE

Website

www.eqcre.com/

CEO

David Helfand

Incorporated

Maryland

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Weyerhaeuser ...

Former names

CommonWealth REIT, HEALTH & REHABILITATION PROPERTIES TRUST, HEALTH & RETIREMENT PROPERTIES TRUST, HRPT PROPERTIES TRUST

SEC CIK

0000803649

Corporate docs

Articles of Incorporation & Bylaws

IRS number

46558834

EQC stock data

S&P 500

1M 1Y 2Y 5Y

News

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Benzinga's Top Ratings Upgrades, Downgrades For May 7, 2021

7 May 21

B of A Securities Downgrades Equity Commonwealth to Neutral, Lowers Price Target to $29

7 May 21

B of A Securities analyst James Feldman downgrades Equity Commonwealth (NYSE:EQC) from Buy to Neutral and lowers the price target from $32 to $29.

Equity Commonwealth Q1 FFO $(0.01) Down From $0.08 YoY, Sales $14.85M Beat $14.71M Estimate

4 May 21

Equity Commonwealth (NYSE:EQC) reported quarterly losses of $(0.01) per share. This is a 112.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of

Earnings Scheduled For May 4, 2021

4 May 21

A Look Into Real Estate Sector Value Stocks

3 May 21

Press releases

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SHAREHOLDER ALERT: Halper Sadeh LLP Investigates EQC, KIM, MLHR, INDB; Shareholders are Encouraged to Contact the Firm

25 May 21

NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Equity Commonwealth (NYSE:EQC) concerning potential violations of

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates VER, MDP, EQT, HOME, EQC; Shareholders are Encouraged to Contact the Firm

24 May 21

NEW YORK, May 24, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Lifshitz Law Firm, P.C. Announces Investigation of CNBKA, EQC, MNR, GFN, KNL, MLHR, LMNX, EBSB, INDB, PMBC, BANC, PFOH, FMAO, WRI, and KIM

22 May 21

NEW YORK, May 22, 2021 /PRNewswire/ -- Century Bancorp, Inc. (NASDAQ:CNBKA)Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CNBKA to EBC for $115.28

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates EQC, SNX, EBSB, PMBC, ORBC; Shareholders are Encouraged to Contact the Firm

17 May 21

Lifshitz Law Firm, P.C. Announces Investigation of BCEI, XOG, EQT, EQC, MNR, HOME, LMNX, MDP, PFOH, FMAO, and SOLY

13 May 21

Calendar

5 May 21

24 Jun 21

31 Dec 21

Financial summary

Financial statements Chart EQC financial data

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

Recent insider trades

EQC insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

EQC institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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, 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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: absence, accrued, accumulated, accuracy, announced, attention, binding, brought, certificate, compelling, compliance, consummated, consummation, contemplated, contrary, counsel, court, customary, defending, delay, derivative, development, devote, distraction, diversion, divert, diverting, enable, enabled, encounter, expertise, fail, failed, filed, fractional, frame, grow, growing, half, iii, inaccurate, incomplete, injunction, integrate, integrating, integration, invalid, investigation, IRS, iv, ix, jeopardized, lieu, listing, merge, merger, merit, method, MNR, Monmouth, obtaining, organized, pendency, pending, plaintiff, prevent, preventing, procurement, profile, prohibiting, proposed, proxy, qualification, range, reached, realize, receipt, regular, regulatory, reorganization, subsidiary, succeed, successful, taxation, timeline, timetable, transaction, transformation, unanticipated, uncollectible, unforeseen, unpaid, vi, vii, viii

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

From filing 10-Q 2021 Q1