Equity Commonwea Stock Price, News & Analysis

Equity Commonwealth (NYSE: EQC) reported a net loss of $3.9 million, or $0.03 per diluted share, for Q2 2021, a significant drop from a net income of $25.8 million, or $0.21 per diluted share, in Q2 2020. This decline was attributed to decreased gains from property sales. The Funds from Operations (FFO) were $0.4 million, down from $3.1 million year-over-year. Same property leases fell to 83.1%, compared to 90.1% in Q2 2020, and cash NOI saw a 12.8% decrease. The merger with Monmouth Real Estate is progressing, offering prospects for future growth.

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, set for payment on August 16, 2021. This dividend will benefit shareholders of record as of July 30, 2021, covering the period from May 15, 2021, to August 14, 2021. Equity Commonwealth is a real estate investment trust based in Chicago, managing a portfolio of four commercial office properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) will announce its second quarter 2021 operating results on July 28, 2021, after market close. A conference call to discuss these results is scheduled for July 29, 2021, at 9:00 AM Central Time, accessible via the company's Investor Relations website. Equity Commonwealth is a Chicago-based REIT focused on commercial office properties, managing a portfolio of four properties totaling 1.5 million square feet.

Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation (MNR) have announced a definitive merger agreement, with EQC acquiring MNR in an all-stock transaction valued at approximately $3.4 billion. Monmouth shareholders will receive 0.67 shares of EQC stock for each share of MNR, equating to about $19.58 per share post-transaction. The merger, expected to close in the second half of 2021, will create a combined company with an estimated market capitalization of $5.5 billion, enhancing EQC's industrial asset portfolio and cash flow stability.

Equity Commonwealth (NYSE: EQC) reported a net loss of $12 million, or $0.10 per diluted share, for Q1 2021, a sharp decline from a net income of $422.8 million in Q1 2020. The drop in net income was chiefly due to reduced gains from property sales and lower interest income. Contractual rent collection was robust at 97%. Funds from Operations (FFO) were ($7.7) million, compared to $8.8 million a year prior. Same property NOI decreased by 7.4%, attributed to lower parking revenue. Notably, Adam Markman resigned as CFO, incurring $3.7 million in severance costs.

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, set to be paid on May 17, 2021. This dividend is for shareholders of record as of April 29, 2021, covering the period from February 15, 2021 to May 14, 2021. The company manages a portfolio of 4 commercial office properties totaling 1.5 million square feet. Equity Commonwealth emphasizes keeping investors informed through various channels, including press releases and SEC filings.

Equity Commonwealth (NYSE: EQC) will report its Q1 2021 operating results on May 4, 2021, after market close. A conference call to discuss these results is scheduled for May 5, 2021, at 9:00 AM CT, accessible via live audio webcast on the company's Investor Relations website. As a self-advised REIT based in Chicago, EQC manages a portfolio of 4 properties totaling 1.5 million square feet, focusing on commercial office spaces across the U.S.

Equity Commonwealth (NYSE: EQC) will hold its Annual Meeting of Shareholders virtually on June 23, 2021, at 9:00 a.m. CT. Shareholders of record by April 15, 2021, can vote during the meeting. Details on accessing the meeting, voting, and submitting questions will be provided in the definitive proxy statement to be filed with the SEC. Equity Commonwealth is a Chicago-based REIT focusing on commercial office properties, with a portfolio of 4 properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) has announced that David Helfand, President and CEO, will participate in a roundtable at the Citi 2021 Global Property CEO Conference. This event is scheduled for Thursday, March 11, 2021, at 8:15 a.m. Eastern Time. Investors can access a live audio webcast via the company’s Investor Relations section on their website, www.eqcre.com. Equity Commonwealth is a Chicago-based REIT focused on U.S. commercial office properties, managing a portfolio of 4 properties totaling 1.5 million square feet.