Equity Commonwealth

Symbol: EQC
CIK: 803649
Exchange: NYSE
Founded: 1986 (33 years)
HQ: Chicago, IL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office
Internally Managed REIT

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See EQC on SEC.gov

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Equity Commonwealth Company Logo

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 N/A   Dividend Section Rating

Rating Dividend Section Avg. Rating
N/A Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
N/A Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 6.9
N/A Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 5.8
9 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 7.0

 8.2   Leverage Section Rating

Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
1 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
8.2 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 1.3   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
1 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
0 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
1.3 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Trading Day July 19, 2019


Open Price: $33.2
Closing Price: $32.75
Price Change: -0.45 (-1.355%)
Lowest Price: $32.665
Highest Price: $33.3

52-Week Low: $28.47
52-Week High: $34.18
52-Week Change: 3.80%

5 Day Price Change: 1.04%
1 Month Price Change: -2.24%
3 Month Price Change: 6.48%
6 Month Price Change: 7.93%
YTD Price Change: 13.08%
1 Year Price Change: 5.23%
2 Year Price Change: 3.07%
5 Year Price Change: 24.95%

See historical stock prices for EQC

Dividend of Trading Day July 19, 2019

See complete list of dividend paymemts for EQC

Dividend Yield: 7.634%*
Annualized Dividend: $2.5*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex Dividend Date: 2018-10-08
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day July 19, 2019


Total Cash: $2,404,101,000
Current Debt: $567,000
Revenue: $189,600,000
Gross Profit: $60,589,000
Total Revenue: $189,600,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $65,245,000
Revenue Per Share: $2
Revenue Per Employee: $4,624,390
Employee: 41
Debt to Equity Ratio (D/E): 0.09
Profit Margin: 1.44%
Enterprise Value (EV): $1,934,966,660
Enterprise Value to Revenue (EV/R): 10.21
Price to Sales (P/S): 21.44
Price to Book (P/B): 1.26
Peg Ratio: 1.08
P/E Ratio: 13.88
P/E High: 14.73
P/E Low: 12.27
Forward P/E Ratio: N/A
Market Capitalization: $3,992,192,250
Beta: 0.32
Latest Volume: 283,245.00
Avg. Total Volume: 491,416
Avg. 10 Volume: 417,231.20
Avg. 30 Volume: 491,415.50
TTM EPS: 2.36
TTM Dividend Rate: N/A
Shares Outstanding: 121,899,000
Float: 1,928,442.18
50-Day Moving Avg.: 32.83
200-Day Moving Avg.: 31.76

Properties Owned by EQC


Properties owned:
11
Types:
1
States:
7
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
EQC Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by EQC, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for EQC.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 3,713,937,000.00 3,530,772,000.00 3,813,728,000.00 3,776,874,000.00
Cash and Equivalents 3,071,268,000.00 2,404,101,000.00 2,683,036,000.00 2,515,536,000.00
Investments 183,000.00 249,877,000.00 249,434,000.00 251,221,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 814,537,000.00 1,139,642,000.00 1,138,151,000.00 1,264,146,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 31,151,000.00 51,089,000.00 50,103,000.00 57,347,000.00
Trade and Non-Trade Payables 42,280,000.00 62,368,000.00 356,134,000.00 44,380,000.00
Goodwill and Intangible Assets 0.00 0.00 0.00 0.00
Total Liabilities 322,376,000.00 346,774,000.00 644,217,000.00 334,565,000.00
Shareholders Equity 3,390,289,000.00 3,182,801,000.00 3,168,318,000.00 3,441,014,000.00
Accumulated Retained Earnings (Deficit) -1,034,753,000.00 -1,243,310,000.00 -1,257,174,000.00 -978,817,000.00
Accumulated Other Comprehensive Income 0.00 -342,000.00 -1,006,000.00 -1,469,000.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 274,977,000.00 274,955,000.00 279,901,000.00 280,012,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 41,752,000.00 42,925,000.00 46,873,000.00 48,636,000.00
Cost of Revenue 15,780,000.00 15,539,000.00 20,257,000.00 19,521,000.00
Selling, General and Administrative Expense 12,096,000.00 8,973,000.00 10,905,000.00 11,222,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses -172,356,000.00 21,411,000.00 1,315,000.00 -2,694,000.00
Interest Expense 4,206,000.00 5,035,000.00 5,085,000.00 6,350,000.00
Income Tax Expense 1,300,000.00 540,000.00 65,000.00 -456,000.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 210,597,000.00 15,422,000.00 32,777,000.00 37,047,000.00
Net Income to Non-Controlling Interests 79,000.00 5,000.00 13,000.00 14,000.00
Net Income 210,518,000.00 15,417,000.00 32,764,000.00 37,033,000.00
Preferred Dividends Income Statement Impact 1,997,000.00 1,997,000.00 1,997,000.00 1,997,000.00
Net Income Common Stock 208,521,000.00 13,420,000.00 30,767,000.00 35,036,000.00
Earnings per Basic Share 1.71 0.12 0.25 0.29
Earnings per Diluted Share 1.67 0.11 0.25 0.29
Weighted Average Shares 121,960,000.00 121,744,000.00 121,845,000.00 121,822,000.00
Weighted Average Shares Diluted 125,822,000.00 123,373,000.00 122,851,000.00 122,649,000.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure 413,039,000.00 -1,467,000.00 137,497,000.00 43,556,000.00
Net Cash Flow - Business Acquisitions and Disposals 0.00 0.00 0.00 0.00
Net Cash Flow - Investment Acquisitions and Disposals 250,000,000.00 0.00 5,599,000.00 5,320,000.00
Net Cash Flow from Financing -8,642,000.00 -316,457,000.00 -2,263,000.00 -402,257,000.00
Issuance (Repayment) of Debt Securities -143,000.00 -5,668,000.00 -266,000.00 -400,261,000.00
Issuance (Purchase) of Equity Shares -5,342,000.00 -4,066,000.00 0.00 0.00
Payment of Dividends & Other Cash Distributions -1,160,000.00 -304,612,000.00 0.00 0.00
Net Cash Flow from Investing 663,039,000.00 -1,467,000.00 143,096,000.00 48,876,000.00
Net Cash Flow from Operations 12,770,000.00 38,989,000.00 26,667,000.00 24,251,000.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents 667,167,000.00 -278,935,000.00 167,500,000.00 -329,130,000.00
Share Based Compensation 3,927,000.00 4,020,000.00 5,197,000.00 5,142,000.00
Depreciation, Amortization & Accretion 8,437,000.00 10,535,000.00 10,733,000.00 12,338,000.00

Related Information


Material Source Description
Equity Commonwealth Continues To Sell Off Assets BISNOW Equity Commonwealth has been in sell mode the past three years and now sits on $2.1B in cash from disposing of assets in a strong market. And it does not look like Sam Zell, David Helfand and company are done selling off assets. Crain's Chicago Business reports that Equity Commonwealth is seeking a buyer for one of the O'Hare submarket's most visible office complexes.

About Equity Commonwealth


Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of September 20, 2018, EQC’s portfolio comprised 11 properties and 5.4 million square feet.

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