Equity Commonwea Stock Price, News & Analysis

Equity Commonwealth (NYSE: EQC) has authorized a new share repurchase program for up to $150 million of its outstanding common shares, effective through June 30, 2022. This follows the expiration of a previous authorization on March 10, 2021. Purchases will be conducted in compliance with federal securities laws and may occur in various forms, including open market transactions. The timing and amount of repurchases will depend on market conditions and other factors. This program indicates the company's intention to enhance shareholder value.

Equity Commonwealth (NYSE: EQC) reported its Q4 and full year 2020 financial results. For Q4, net loss was $3.7 million ($0.03/share), a drop from a $14 million profit in Q4 2019. Funds from Operations (FFO) plummeted to $0.6 million ($0.00/share) compared to $19.8 million ($0.16/share) a year prior. For the full year, net income decreased to $443 million ($3.56/share) from $485 million ($3.90/share) in 2019. The company collected 97% of rents, but same property NOI fell 9.1% year-over-year. The company paid a special dividend of $3.50/share in October 2020.

Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2020 common and preferred share distributions. Key details include:

• Common Stock Total Distribution: $3.50
• Series D Preferred Stock Total Distribution: $0.406250
• 2020 Taxable Ordinary Dividends for Common Stock: $0.005321
• 2020 Total Capital Gain Distribution for Common Stock: $3.494679

Shareholders are advised to consult tax advisors for specific tax implications regarding these distributions. The classifications are based on estimates subject to adjustment.

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 on its Series D Preferred Shares. This dividend will be paid on February 16, 2021, to shareholders recorded on January 28, 2021, covering the period from November 15, 2020 to February 14, 2021. EQC operates as a self-advised real estate investment trust focused on commercial office properties, managing 4 properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) will announce its fourth quarter and full year 2020 operating results on February 10, 2021, post-market. A corresponding conference call is scheduled for February 11, 2021, at 9:00 am CT, available via live audio webcast on the company’s website. Equity Commonwealth is a Chicago-based REIT focusing on commercial office properties, managing a portfolio comprising 4 properties and 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) announced the resignation of Trustee James Corl, effective November 19, 2020. Corl has been a board member since May 2014. Chairman Sam Zell expressed appreciation for Corl's contributions during his tenure. EQC is an internally managed REIT with a portfolio of 4 commercial office properties totaling 1.5 million square feet, located in the United States. The company emphasizes compliance with disclosure obligations under Regulation FD and encourages stakeholders to monitor its website for important updates.

Equity Commonwealth (NYSE: EQC) reported a net loss of $1.6 million for Q3 2020, a significant decline from the net income of $21.9 million in Q3 2019. Funds from Operations (FFO) decreased to $3.3 million, down from $25.6 million year-over-year. The company managed to collect 98% of contractual rents in Q3 2020, with similar performance in October. The same property portfolio was 87.7% leased, down from 90.1% in Q2 2020. A special cash distribution of $3.50 per share was declared, and Ellen-Blair Chube was appointed to the Board of Trustees.

Equity Commonwealth (NYSE: EQC) announced a quarterly dividend of $0.40625 per Series D Preferred Share, set to be paid on November 16, 2020. This dividend will benefit shareholders on record as of October 28, 2020 for the period from August 15, 2020 to November 14, 2020. The company, based in Chicago, focuses on commercial office properties and maintains a portfolio of four properties totaling 1.5 million square feet.

Equity Commonwealth (NYSE: EQC) announced its third quarter 2020 operating results will be released on October 28, 2020. A conference call to discuss these results is scheduled for October 29 at 9:00 AM Central Time, accessible via live audio webcast on the company's website. Equity Commonwealth is an internally managed REIT focused on commercial office properties in the U.S., with a same property portfolio comprising 4 properties totaling 1.5 million square feet. Stakeholders are encouraged to monitor the company's website for material disclosures.