Equity Commonwealth

Symbol: EQC
CIK: 803649
Exchange: NYSE
Founded: 1986 (34 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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Overall Score: 7.9

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 23, 2020


Open Price: $32.86
Closing Price: $33.06
Price Change: 0.25 (0.762%)
Lowest Price: $32.65
Highest Price: $33.16

52-Week Low: $30.64
52-Week High: $34.95
52-Week Change: 5.42%

5 Day Price Change: 0.31%
1 Month Price Change: 1.89%
3 Month Price Change: 2.44%
6 Month Price Change: -0.76%
YTD Price Change: 2.05%
1 Year Price Change: 4.62%
2 Year Price Change: 9.22%
5 Year Price Change: 23.72%

Dividend of Trading Day January 23, 2020


Dividend Yield: 42.347%*
Annualized Dividend: $14*
Dividend Yield (TTM): 10.587%
Annualized Dividend (TTM): $3.5
Ex Dividend Date: 2019-10-04
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day January 23, 2020


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): $1,873,618,920
Enterprise Value to Revenue (EV/R): 9.88
Price to Sales (P/S): 21.11
Price to Book (P/B): 1.26
Peg Ratio: -0.30
P/E Ratio: 8.33
P/E High: 8.98
P/E Low: 7.51
Forward P/E Ratio: N/A
Market Capitalization: $4,030,807,440
Beta: 0.14
Latest Volume: 461,842.00
Avg. Total Volume: 529,172
Avg. 10 Volume: 379,272.00
Avg. 30 Volume: 529,172.13
TTM EPS: 3.97
TTM Dividend Rate: 3.50
Shares Outstanding: 121,924,000
Float: 119,996,503.00
50-Day Moving Avg.: 32.45
200-Day Moving Avg.: 32.74

Properties Owned by EQC


Properties Based on REIT's Official Presentation

Properties Types States Countries
11 1 7 1

Please visit REIT’s official webpage for the most up-to-date property list.

EQC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by EQC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


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 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 3,210,231,000 3,182,858,000 3,071,268,000 2,404,101,000
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 0 249,602,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 92,000 183,000 275,000
Other Assets 41,271,000 35,683,000 42,326,000 62,031,000
Net Tangible Assets 3,226,825,000 3,634,173,000 3,390,289,000 3,179,110,000
Total Assets 3,731,343,000 3,702,171,000 3,713,937,000 3,530,772,000
Accounts Payable 0 0 0 0
Liabilities (Other) 477,334,000 40,457,000 47,399,000 71,819,000
Current Liabilities (Other) 435,583,000 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 146,000 286,000 423,000 567,000
Long-term Debt 25,750,000 25,805,000 274,554,000 274,388,000
Total Liabilities 503,230,000 66,548,000 322,376,000 346,774,000
Minority Interest 10,000 91,000 79,000 5,000
Common Stock 121,924,199 1,219,000 1,219,000 1,216,000
Retained Earnings -1,204,010,000 -794,358,000 -1,034,753,000 -1,243,310,000
Treasury Stock 0 0 0 0
Capital Surplus 4,310,353,000 4,308,049,000 4,304,560,000 4,305,974,000
Shareholder Equity 3,226,825,000 3,634,173,000 3,390,289,000 3,182,801,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 26,788,000 33,420,000 41,752,000 42,925,000
Cost of Revenue 16,100,000 18,587,000 24,365,000 26,369,000
Gross Profit 10,688,000 14,833,000 17,387,000 16,556,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 24,438,000 28,120,000 36,461,000 35,342,000
Operating Income 2,350,000 5,300,000 5,291,000 7,583,000
Income Expense Net (Other) 21,025,000 237,417,000 206,606,000 8,379,000
EBIT 2,350,000 5,300,000 5,291,000 7,583,000
Interest Income 321,000 4,070,000 4,206,000 5,035,000
Pretax Income 23,375,000 242,717,000 211,897,000 15,962,000
Income Tax -521,000 340,000 1,300,000 540,000
Minority Interest 10,000 91,000 79,000 5,000
Net Income 23,886,000 242,286,000 210,518,000 15,417,000
Net Income Basic 21,889,000 240,289,000 208,521,000 13,420,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 23,886,000 242,286,000 210,518,000 15,417,000
Depreciation 6,086,000 7,885,000 8,490,000 10,707,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 27,373,000 111,590,000 667,167,000 -278,935,000
Cash Flow 32,853,000 28,471,000 12,770,000 38,989,000
Capital Expenditures -3,343,000 -3,733,000 -14,340,000 -8,212,000
Investments 0 344,408,000 677,379,000 6,745,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -3,343,000 340,675,000 663,039,000 -1,467,000
Dividends Paid -1,997,000 -1,997,000 -3,157,000 -306,609,000
Net Borrowings -140,000 -255,414,000 -143,000 -5,668,000
Cash Flow Financing -2,137,000 -257,556,000 -8,642,000 -316,457,000
Financing Cash Flows (Other) 0 0 0 -114,000
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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
Rating AFFO & Efficiency Section Avg. Rating
10 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 8.7
10 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7.9 Overall REITRating™ Score 6.5

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.

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