Equity Commonwealth (N:EQC)

Sector:  Financials Industry:  Commercial REITs
 
See Regulatory Filings on SEC
Company Contact
Address: Two North Riverside Plaza, Suite 2100
CHICAGO IL 60606
Tel: 1-312-6462801
Website: https://www.eqcre.com
IR: See website
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Key People
Samuel Zell
Chairman of the Board of Trustees
David A. Helfand
President, Chief Executive Officer, Trustee
Adam S. Markman
Chief Financial Officer, Executive Vice President, Treasurer
David S. Weinberg
Chief Operating Officer, Executive Vice President
Orrin S. Shifrin
Executive Vice President, General Counsel, Secretary
 
Business Overview
Equity Commonwealth is an internally managed and self-advised real estate investment trust. The Company is engaged in the ownership and operation primarily of office buildings across the United States. The Company conducts its activities primarily through EQC Operating Trust (the Operating Trust). The Company's properties includes 1225 Seventeenth Street (17th Street Plaza); 1250 H Street, NW; 109 Brookline Avenue; 206 East 9th Street (Capitol Tower), and Bridgepoint Square.
Financial Overview
For the three months ended 31 March 2020, Equity Commonwealth revenues decreased 55% to $18.8M. Net income applicable to common stockholders increased from $208.5M to $422.8M. Revenues reflect Rental revenue decrease of 56% to $17.1M, Other revenue decrease of 41% to $1.7M. Net income reflects Gain on sale of properties increase from $193M to $419.6M (income), Interest expense (including net amortiza decrease of 93% to $309K (expense).
Employees: 28 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $860.66M as of Mar 31, 2020
Annual revenue (TTM): $104.92M as of Mar 31, 2020
EBITDA (TTM): $28.57M as of Mar 31, 2020
Net annual income (TTM): $698.93M as of Mar 31, 2020
Free cash flow (TTM): -$339.46M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 121,502,520 as of May 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization