equity commonwealth (nyse: eqc) is a chicago based, internally managed and self-advised real estate investment trust (reit) with commercial office properties throughout the united states. eqc’s portfolio is comprised of 15 properties and 7.1 million square feet. eqc’s corporate culture is instilled with equity company values of accountability and alignment with stakeholders, and an emphasis on creating value. our core values center around building a culture that encourages transparency and open communication based on the following guiding principles: use your best judgment keep your word be a team player no surprises speak up reward outstanding performance serve our customers exchange ideas celebrate diversity for career opportunities please visit: https://workforcenow.adp.com/jobs/apply/posting.html?client=eqcmgmt
Company profile
Ticker
EQC
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 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
Latest filings (excl ownership)
10-K
2023 FY
Annual report
13 Feb 24
8-K
Equity Commonwealth Reports Fourth Quarter and Full Year 2023 Results
12 Feb 24
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Equity Commonwealth Reports Third Quarter 2023 Results
30 Oct 23
S-8
Registration of securities for employees
1 Aug 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
8-K
Equity Commonwealth Reports Second Quarter 2023 Results
26 Jul 23
8-K
Departure of Directors or Certain Officers
14 Jun 23
DEFA14A
Additional proxy soliciting materials
19 May 23
8-K
Equity Commonwealth Announces the Death of Sam Zell, Our Chairman
19 May 23
Transcripts
EQC
Earnings call transcript
2023 Q4
13 Feb 24
EQC
Earnings call transcript
2023 Q3
31 Oct 23
EQC
Earnings call transcript
2023 Q2
27 Jul 23
EQC
Earnings call transcript
2023 Q1
4 May 23
EQC
Earnings call transcript
2023 Q1
4 May 23
EQC
Earnings call transcript
2022 Q4
9 Feb 23
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
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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) | 8.42 mm | 47.05 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 50.11 mm | 279.99 mm | n/a | n/a | n/a | n/a |
Cash remaining | 2.08 bn | 1.85 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 246.8 | 39.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
94.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 254 |
Opened positions | 30 |
Closed positions | 25 |
Increased positions | 108 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 1.85 tn |
Total shares | 101.17 mm |
Total puts | 13.00 k |
Total calls | 34.00 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.49 mm | $302.89 bn |
BLK Blackrock | 8.23 mm | $151.20 bn |
Ariel Investments | 5.50 mm | $100.97 bn |
Segall Bryant & Hamill | 5.16 mm | $94.77 bn |
Nuance Investments | 5.00 mm | $91.84 bn |
Chai Trust | 3.37 mm | $61.84 bn |
STT State Street | 3.36 mm | $61.67 bn |
Burgundy Asset Management | 2.77 mm | $50.83 bn |
Geode Capital Management | 2.39 mm | $43.87 bn |
Robeco Institutional Asset Management B.V. | 2.01 mm | $36.83 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Mar 24 | Andrew Levy | Common Shares of Beneficial Interest | Sell | Dispose S | No | No | 18.71 | 2,409 | 45.07 k | 2,305 |
6 Feb 24 | Orrin S Shifrin | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | Yes | No | 18.88 | 21,567 | 407.18 k | 192,543 |
6 Feb 24 | Orrin S Shifrin | Common Shares of Beneficial Interest | Grant | Acquire A | Yes | No | 0 | 18,787 | 0.00 | 214,110 |
6 Feb 24 | Orrin S Shifrin | Common Shares of Beneficial Interest | Option exercise | Acquire M | Yes | No | 0 | 18,676 | 0.00 | 195,323 |
6 Feb 24 | Orrin S Shifrin | Restricted Share Units Common Shares of Beneficial Interest | Grant | Acquire A | Yes | No | 0 | 18,786 | 0.00 | 18,786 |
6 Feb 24 | Orrin S Shifrin | Restricted Share Units Common Shares of Beneficial Interest | Option exercise | Dispose M | Yes | No | 0 | 18,676 | 0.00 | 0 |
6 Feb 24 | David S Weinberg | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | Yes | No | 18.88 | 29,970 | 565.83 k | 445,834 |
6 Feb 24 | David S Weinberg | Common Shares of Beneficial Interest | Grant | Acquire A | Yes | No | 0 | 30,793 | 0.00 | 475,804 |
6 Feb 24 | David S Weinberg | Common Shares of Beneficial Interest | Option exercise | Acquire M | Yes | No | 0 | 30,611 | 0.00 | 445,011 |
6 Feb 24 | David S Weinberg | Restricted Share Units Common Shares of Beneficial Interest | Grant | Acquire A | Yes | No | 0 | 30,792 | 0.00 | 30,792 |
Press releases
Land & Buildings Calls on Equity Commonwealth to Take Long Overdue Step of Liquidating Remaining Assets and Returning Capital to Shareholders
13 Mar 24
Equity Commonwealth Reports Fourth Quarter and Full Year 2023 Results
12 Feb 24
Equity Commonwealth Announces Tax Treatment of 2023 Distributions
25 Jan 24
Equity Commonwealth Declares Series D Preferred Dividend
16 Jan 24
Equity Commonwealth Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
11 Jan 24