Welcome to our dedicated page for Equity Commonwea news (Ticker: EQC), a resource for investors and traders seeking the latest updates and insights on Equity Commonwea stock.
Equity Commonwealth (EQC) is a self-advised REIT specializing in commercial office properties across major U.S. urban markets. This page provides investors and stakeholders with timely access to official press releases, financial announcements, and strategic updates directly from the company.
Track EQC's latest developments including quarterly earnings, property acquisitions, leadership changes, and operational milestones. Our curated news feed ensures you stay informed about this internally managed REIT's disciplined approach to portfolio growth and tenant satisfaction.
Key updates cover rental revenue trends, market expansion initiatives, and corporate governance practices aligned with EQC's focus on transparency. Bookmark this page for efficient monitoring of material events affecting one of commercial real estate's most focused office REITs.
Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend on its Series D Preferred Shares. The dividend of $0.40625 per share will be paid on August 15, 2024 to shareholders of record as of July 31, 2024. This dividend covers the period from May 15, 2024, through August 14, 2024. The announcement demonstrates the company's commitment to providing regular income to its preferred shareholders, maintaining its dividend policy despite current market conditions.
Equity Commonwealth (NYSE: EQC) will release its second quarter 2024 operating results on Tuesday, July 30, 2024, after market close. The company will hold a conference call to discuss the results on Wednesday, July 31, 2024, at 9:00 am Central Time. The call will be available live via audio webcast on the Investor Relations section of the company's website, with a replay accessible after the call.
Equity Commonwealth (NYSE: EQC) has announced an authorization to repurchase up to an additional $150 million of its outstanding common shares. This authorization extends from July 1, 2024, through June 30, 2025.
The company still has $93 million remaining under its previous authorization, which expires on June 30, 2024. As of June 18, 2024, no shares have been repurchased.
Share repurchases will be conducted at the company's discretion in the open market, through privately negotiated transactions, or other permitted methods. The program's execution will depend on various factors including economic conditions, stock price, and legal requirements. The company reserves the right to suspend or discontinue the program at any time.
Equity Commonwealth (NYSE: EQC) reported Q1 2024 financial results with net income of $23.4 million, FFO of $27.8 million, and Normalized FFO of $27.6 million. Cash balance was $2.2 billion. Same property portfolio NOI increased by 4.3% but cash NOI decreased by 6.9%. The company has completed dispositions of $7.6 billion, distributed $1.8 billion to shareholders, repurchased $652 million of shares, and intends to wind down its business by the end of the year.
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