Equity Commonwea Stock Price, News & Analysis

Equity Commonwealth (NYSE: EQC) declared a quarterly dividend of $0.40625 per Series D Preferred Share, to be paid on May 15, 2023. Shareholders on record as of April 28, 2023 will receive this dividend for the period from February 15, 2023 through May 14, 2023. This payment highlights the company's commitment to returning income to shareholders.

Equity Commonwealth is based in Chicago, managing a portfolio of 4 commercial office properties totaling 1.5 million square feet across the United States.

Equity Commonwealth (NYSE: EQC) will release its Q1 2023 operating results on May 3, 2023, post-market close. A conference call to discuss these results is scheduled for May 4, 2023, at 9:00 am Central Time. This call will be accessible via a live audio webcast on the company’s Investor Relations website, with a replay available afterward. Equity Commonwealth is a Chicago-based REIT focused on commercial office properties across the United States, holding a portfolio of 4 properties with a total area of 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) announced that its Annual Meeting of Shareholders will be held virtually on June 13, 2023, at 1:30 p.m. Central Time. Shareholders recorded as of April 13, 2023, can participate in the voting process. Detailed participation instructions will be provided in the upcoming definitive proxy statement filed with the Securities and Exchange Commission. The company, based in Chicago, focuses on commercial office properties across the United States, managing a portfolio of four properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) has declared a special cash distribution of $4.25 per common share, payable on March 9, 2023. Shareholders of record as of February 23, 2023 will receive this one-time distribution. This payment is based on anticipated taxable income, including interest income and gains from asset sales as Equity Commonwealth qualifies as a REIT for 2023. The tax characterization is expected to be announced in January 2024.

Equity Commonwealth manages commercial office properties across the U.S., with a portfolio of 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) reported a significant turnaround for Q4 and the full year ended December 31, 2022. Net income surged to $18.9 million ($0.17 per diluted share) for Q4, compared to a net loss of $3.6 million in Q4 2021. For the full year, net income reached $29.3 million ($0.26 per diluted share), reversing a previous loss of $24.4 million. Funds from Operations (FFO) for Q4 were $23.5 million ($0.21 per diluted share), marking an increase from $0.7 million in Q4 2021. The company's same property NOI rose by 14.5% in Q4 and 17.0% for the full year. As of December 31, 2022, cash and cash equivalents stood at $2.6 billion.

Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2022 common and preferred share distributions. The total distribution per common share is $1.00, with $0.99 classified as taxable ordinary dividends and $0.01 as a non-taxable return of capital. For Series D preferred stock, the total distribution per share is $0.406250, all classified as taxable ordinary dividends. Key record and payment dates include September 29, 2022, for common stock and January 28, 2022, for preferred stock. Shareholders are advised to consult their tax advisors regarding the tax treatment of these distributions.

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, payable on February 15, 2023, to shareholders recorded on January 31, 2023. This dividend covers the period from November 15, 2022 to February 14, 2023. The company is an internally managed real estate investment trust (REIT) based in Chicago, with a portfolio consisting of 4 properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) will release its fourth quarter and full year 2022 operating results on February 8, 2023, post-market. A subsequent conference call is scheduled for February 9, 2023, at 9:00 am Central Time, accessible via the company’s website. Equity Commonwealth is an internally managed REIT based in Chicago, focusing on commercial office properties with a portfolio of 4 properties totaling 1.5 million square feet.