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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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. 5.4
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.6
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. 7.0
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. 5.6
10 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 6.8

 6.7   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. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.2
0 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.5
0 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.2
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
6.7 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.6

 1.5   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
1 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. 6.7
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
1.5 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 September 13, 2019


Open Price: $33.84
Closing Price: $33.65
Price Change: -0.17 (-0.503%)
Lowest Price: $33.49
Highest Price: $33.94

52-Week Low: $28.47
52-Week High: $34.53
52-Week Change: 4.37%

5 Day Price Change: 0.06%
1 Month Price Change: -0.85%
3 Month Price Change: -0.09%
6 Month Price Change: 0.90%
YTD Price Change: 15.19%
1 Year Price Change: 4.90%
2 Year Price Change: 3.07%
5 Year Price Change: 24.95%

Dividend of Trading Day September 13, 2019


Dividend Yield: 7.429%*
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 September 13, 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): $1,973,529,300
Enterprise Value to Revenue (EV/R): 10.41
Price to Sales (P/S): 21.64
Price to Book (P/B): 1.29
Peg Ratio: 0.01
P/E Ratio: 8.33
P/E High: 8.72
P/E Low: 7.19
Forward P/E Ratio: N/A
Market Capitalization: $4,102,675,300
Beta: 0.32
Latest Volume: 708,469.00
Avg. Total Volume: 496,197
Avg. 10 Volume: 513,624.00
Avg. 30 Volume: 496,196.87
TTM EPS: 4.04
TTM Dividend Rate: N/A
Shares Outstanding: 121,922,000
Float: 119,993,559.73
50-Day Moving Avg.: 33.59
200-Day Moving Avg.: 32.44

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
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Occupancy Rate


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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.


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 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 3,182,858,000 3,071,268,000 2,404,101,000 2,683,036,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 249,602,000 248,838,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 92,000 183,000 275,000 596,000
Other Assets 35,683,000 42,326,000 62,031,000 63,858,000
Net Tangible Assets 3,634,173,000 3,390,289,000 3,179,110,000 3,168,318,000
Total Assets 3,702,171,000 3,713,937,000 3,530,772,000 3,813,728,000
Accounts Payable 0 0 0 0
Liabilities (Other) 40,457,000 47,399,000 71,819,000 364,316,000
Current Liabilities (Other) 0 0 0 309,238,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 286,000 423,000 567,000 272,000
Long-term Debt 25,805,000 274,554,000 274,388,000 279,629,000
Total Liabilities 66,548,000 322,376,000 346,774,000 644,217,000
Minority Interest 91,000 79,000 5,000 13,000
Common Stock 1,219,000 1,219,000 1,216,000 1,215,000
Retained Earnings -794,358,000 -1,034,753,000 -1,243,310,000 -1,257,174,000
Treasury Stock 0 0 0 0
Capital Surplus 4,308,049,000 4,304,560,000 4,305,974,000 4,306,020,000
Shareholder Equity 3,634,173,000 3,390,289,000 3,182,801,000 3,168,318,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 33,420,000 41,752,000 42,925,000 47,326,000
Cost of Revenue 18,587,000 24,365,000 26,369,000 31,997,000
Gross Profit 14,833,000 17,387,000 16,556,000 15,329,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 28,120,000 36,461,000 35,342,000 42,902,000
Operating Income 5,300,000 5,291,000 7,583,000 4,424,000
Income Expense Net (Other) 237,417,000 206,606,000 8,379,000 28,418,000
EBIT 5,300,000 5,291,000 7,583,000 4,424,000
Interest Income 4,070,000 4,206,000 5,035,000 5,085,000
Pretax Income 242,717,000 211,897,000 15,962,000 32,842,000
Income Tax 340,000 1,300,000 540,000 65,000
Minority Interest 91,000 79,000 5,000 13,000
Net Income 242,286,000 210,518,000 15,417,000 32,764,000
Net Income Basic 240,289,000 208,521,000 13,420,000 30,767,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 242,286,000 210,518,000 15,417,000 32,764,000
Depreciation 7,885,000 8,490,000 10,707,000 11,186,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 111,590,000 667,167,000 -278,935,000 167,500,000
Cash Flow 28,471,000 12,770,000 38,989,000 26,667,000
Capital Expenditures -3,733,000 -14,340,000 -8,212,000 -9,515,000
Investments 344,408,000 677,379,000 6,745,000 147,012,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 340,675,000 663,039,000 -1,467,000 143,096,000
Dividends Paid -1,997,000 -3,157,000 -306,609,000 -1,997,000
Net Borrowings -255,414,000 -143,000 -5,668,000 -266,000
Cash Flow Financing -257,556,000 -8,642,000 -316,457,000 -2,263,000
Financing Cash Flows (Other) 0 0 -114,000 0
Exchange Rate Effect 0 0 0 0

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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