Equity Commonwea Stock Price, News & Analysis

Equity Commonwealth (NYSE: EQC) reported a net loss of $3.6 million, or $0.03 per diluted share, for Q4 2021, slightly improved from a loss of $3.7 million in Q4 2020. For the full year, the net loss was $24.4 million, a stark contrast to a net income of $443.3 million in 2020, attributed to decreased gains on property sales. Funds from Operations (FFO) were -$6.8 million for 2021, down from $15.8 million in 2020. Same property NOI fell 7.2% year-over-year. The company authorized a $150 million share repurchase program, repurchasing $163.1 million worth of shares during Q4 2021.

Equity Commonwealth (NYSE: EQC) will release its Q4 and full year 2021 operating results on February 9, 2022, post-market. A conference call to discuss these results is scheduled for February 10, 2022, at 9:00 AM CT. Investors can access the call via live audio webcast on the company’s website. Equity Commonwealth is a Chicago-based real estate investment trust with a portfolio of 4 properties totaling 1.5 million square feet across the United States.

Equity Commonwealth (NYSE: EQC) declared a quarterly dividend of $0.40625 on its Series D Preferred Shares. This dividend will be paid on February 15, 2022, to shareholders of record by January 28, 2022, covering the period from November 15, 2021 to February 14, 2022. The company, based in Chicago, operates as a real estate investment trust with a portfolio of four properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) announced an additional $150 million share repurchase authorization, increasing the total to $170.5 million available through December 31, 2022. Year-to-date, the company has repurchased 5,005,699 shares at an average price of $25.87, totaling $129.5 million. The repurchase will occur at the company's discretion, subject to market conditions. This strategy aims to enhance shareholder value and reflects the company's confidence in its financial strength.

Equity Commonwealth (NYSE: EQC) reported a net loss of $4.8 million, or $0.04 per diluted share, for Q3 2021, compared to a loss of $1.6 million, or $0.01 per diluted share, in Q3 2020. Funds from Operations (FFO) were negative $0.3 million, a decline from $3.3 million in the prior year. Same property NOI decreased by 20.7%, and cash NOI fell by 9.6%. The portfolio was 82.5% leased, down from 83.1% in Q2 2021. Notably, the company terminated a merger with Monmouth Real Estate and repurchased shares totaling $26.8 million year-to-date.

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, payable on November 15, 2021. Shareholders of record on October 29, 2021 will receive this dividend for the period from August 15, 2021 to November 14, 2021. The company, based in Chicago, manages commercial office properties totaling 1.5 million square feet across the United States.

Equity Commonwealth (NYSE: EQC) will release its third quarter 2021 operating results on October 27, 2021, after trading closes. A conference call to discuss these results is scheduled for October 28, 2021, at 9:00 am Central Time. Investors can access the call via a live audio webcast on the company’s website, with a replay available afterward. Equity Commonwealth is a Chicago-based REIT with a portfolio of 4 commercial office properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) announced the termination of its merger agreement with Monmouth Real Estate Investment Corporation (NYSE: MNR) after Monmouth failed to secure shareholder approval. Although EQC expressed disappointment, it noted the efforts of its team during the process. The merger's termination allows EQC to seek reimbursement for fees and expenses related to the agreement. EQC's portfolio includes four commercial properties totaling 1.5 million square feet across the United States.