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 (formerly NYSE: EQC) generated a series of significant corporate announcements as it transitioned from an operating office REIT to a dissolved entity with its remaining affairs handled by EQC Liquidating Trust. This news page provides an organized view of those company communications for investors and researchers interested in the history of the EQC ticker and the steps taken in its liquidation process.
Company press releases document key milestones, including the filing of a preliminary proxy statement describing a proposed Plan of Sale and Dissolution, the setting of a record date and holding of a special shareholder meeting to approve the plan, and the authorization of liquidating distributions to common shareholders. Additional news items cover quarterly and preferred share dividends, conference call scheduling for operating results, and the payment of the liquidation preference on the company’s Series D Preferred Shares.
Later announcements explain the company’s intention to file a Form 25 to remove its common shares from listing on the New York Stock Exchange, identify the last day of trading for EQC common shares, and describe New York Stock Exchange due bill procedures associated with liquidating distributions. The culmination of these events is captured in the disclosure that Equity Commonwealth transferred its remaining assets and liabilities to EQC Liquidating Trust, cancelled all outstanding common shares, deregistered with the SEC, and dissolved.
By reviewing this historical news flow, readers can follow how Equity Commonwealth moved from managing a portfolio of commercial office properties in the United States to executing a shareholder-approved Plan of Sale and Dissolution and establishing EQC Liquidating Trust to wind up its remaining affairs.
Equity Commonwealth (NYSE: EQC) is set to release its first quarter 2022 operating results on May 4, 2022, after trading hours. A conference call will follow on May 5, 2022, at 9:00 am Central Time to discuss the results, available via live audio webcast on the company's website. Equity Commonwealth is a Chicago-based self-advised REIT focusing on commercial office properties, boasting a portfolio of 4 properties totaling 1.5 million square feet.
Equity Commonwealth (NYSE: EQC) has announced an additional $150 million share repurchase authorization, increasing its total available repurchase funds to $202 million. This includes $52 million remaining from the previous authorization. The share repurchase program is active through June 30, 2023. As of March 14, 2022, EQC has repurchased $73.6 million worth of shares this year at an average price of $25.83 per share. The company will hold its virtual Annual Meeting on June 21, 2022.
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.
Summary not available.
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 location value="LU/us.il.chicgo"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.