Equity Commonwealth (EQC)

Company Profile

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

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 • Simon Property • Prologis • ARMOUR Residential REIT • VEREIT • Invesco Mortgage Capital • Vornado Realty • Vornado Realty Trust • Healthpeak Properties ...

Former names

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

SEC CIK

0000803649

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

EQC 600 West Chicago Property LLC • EQC Capitol Tower Property LLC • EQC Herald Square Property LLC • EQC Securities LLC • EQC TRS, Inc. • Equity Commonwealth LLC • Equity Commonwealth Management LLC ...

IRS number

46558834

EQC stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

19 May 23

8-K

Equity Commonwealth Announces the Death of Sam Zell, Our Chairman

4 May 23

Equity Commonwealth Reports First Quarter 2023 Results

3 May 23

ARS

2022 FY

Annual report to shareholders

25 Apr 23

DEFA14A

Additional proxy soliciting materials

25 Apr 23

Regulation FD Disclosure

9 Feb 23

Equity Commonwealth Reports Fourth Quarter and Full Year 2022 Results

8 Feb 23

Transcripts

View all

EQC

Earnings call transcript

2022 Q3

26 Oct 22

EQC

Earnings call transcript

2022 Q2

2 Aug 22

EQC

Earnings call transcript

2022 Q1

7 May 22

EQC

Earnings call transcript

2021 Q4

10 Feb 22

EQC

Earnings call transcript

2021 Q3

28 Oct 21

EQC

Earnings call transcript

2021 Q2

1 Aug 21

EQC

Earnings call transcript

2021 Q1

9 May 21

EQC

Earnings call transcript

2020 Q4

11 Feb 21

EQC

Earnings call transcript

2020 Q3

1 Nov 20

EQC

Earnings call transcript

2020 Q2

2 Aug 20

Latest ownership filings

View all

ARIEL INVESTMENTS, LLC

14 Feb 23

SC 13G/A

INFRASTRUCTURE CAPITAL ADVISORS, LLC

Financial summary

Financial statements Chart EQC financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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)	2.13 bn	2.13 bn	2.13 bn	2.13 bn	2.13 bn	2.13 bn
Cash burn (monthly)	151.18 mm	49.44 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	339.06 mm	110.88 mm	n/a	n/a	n/a	n/a
Cash remaining	1.79 bn	2.02 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	11.8	40.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

EQC institutional ownership history Ownership history

0.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	8	258	-96.9%
Opened positions	5	49	-89.8%
Closed positions	255	27	+844.4%
Increased positions	1	100	-99.0%
Reduced positions	2	79	-97.5%

13F shares	Current	Prev Q	Change
Total value	987.23 mm	2.62 tn	-100.0%
Total shares	123.34 k	106.03 mm	-99.9%
Total puts	0.00	46.40 k	EXIT
Total calls	0.00	1.10 k	EXIT
Total put/call ratio	–	42.2	–

Largest owners	Shares	Value	Change
Uniplan Investment Counsel	83.90 k	$2.10 mm	NEW
Aurora Investment Counsel	34.75 k	$868.42 mm	NEW
Sageworth Trust	1.70 k	$42.48 mm	NEW
Evermay Wealth Management	1.39 k	$34.61 mm	NEW
Parallel Advisors	714.00	$17.84 mm	-72.6%
JPM JPMorgan Chase & Co.	500.00	$12.00 mm	-99.9%
Kozak & Associates	300.00	$7.50 mm	NEW
Huntington National Bank	91.00	$2.27 mm	+35.8%

Largest transactions	Bought/sold	Change
Vanguard	-16.98 mm	EXIT
BLK Blackrock	-10.65 mm	EXIT
Ariel Investments	-6.03 mm	EXIT
STT State Street	-5.47 mm	EXIT
Nuance Investments	-5.42 mm	EXIT
FMR	-4.97 mm	EXIT
Segall Bryant & Hamill	-4.51 mm	EXIT
Chai Trust	-2.58 mm	EXIT
Geode Capital Management	-2.15 mm	EXIT
T. Rowe Price	-2.14 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

EQC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Feb 23	Andrew Levy	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	25.3	225	5.69 k	3,244
7 Feb 23	Andrew Levy	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	307	0.00	3,469
7 Feb 23	Andrew Levy	Common Shares of Beneficial Interest	Option exercise	Acquire M	No	No	0	152	0.00	3,162
7 Feb 23	Andrew Levy	Restricted Share Units Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	307	0.00	307
7 Feb 23	Andrew Levy	Restricted Share Units Common Shares of Beneficial Interest	Option exercise	Dispose M	No	No	0	152	0.00	0
7 Feb 23	William H Griffiths	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	Yes	No	25.3	3,767	95.31 k	68,534
7 Feb 23	William H Griffiths	Common Shares of Beneficial Interest	Grant	Acquire A	Yes	No	0	4,441	0.00	72,301
7 Feb 23	William H Griffiths	Common Shares of Beneficial Interest	Option exercise	Acquire M	Yes	No	0	2,202	0.00	67,860
7 Feb 23	William H Griffiths	Restricted Share Units Common Shares of Beneficial Interest	Grant	Acquire A	Yes	No	0	4,441	0.00	4,441
7 Feb 23	William H Griffiths	Restricted Share Units Common Shares of Beneficial Interest	Option exercise	Dispose M	Yes	No	0	2,202	0.00	0