Equity Commonwealth (N:EQC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Two North Riverside Plaza, Suite 2000 CHICAGO IL 60606 |
| Tel: | N/A |
| Website: | https://www.eqcre.com |
| IR: | See website |
| Key People | ||
| David A. Helfand Chairman of the Board of Trustees, President, Chief Executive Officer | William H. Griffiths 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 (REIT). The Company is primarily engaged in the ownership and operation of office properties in the United States. It operates as an umbrella partnership real estate investment trust (UPREIT) and conducting substantially all of its activities through EQC Operating Trust (Operating Trust). Its portfolio consists of approximately four properties (eight buildings), that were leased to 98 tenants with a total of 1.5 million square feet. The Company's properties include 1225 Seventeenth Street (17th Street Plaza), Denver, Colorado; 1250 H Street, NW, Washington, District of Columbia; 206 East 9th Street (Capitol Tower), Austin, Texas, and Bridgepoint Square, Austin, Texas. The Company is focused on creating value through asset management and improved operating results. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Equity Commonwealth revenues decreased 4% to $60.5M. Net income applicable to common stockholders increased from $29.3M to $83.2M. Revenues reflect Rental revenue decrease of 6% to $55.3M. Net income reflects Interest and other income, net increase from $46.9M to $114.7M (income), Depreciation and amortization decrease of 2% to $17.4M (expense). |
| Employees: | 22 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $60.52M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.91M as of Dec 31, 2023 |
| Net annual income (TTM): | $83.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$359.64M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 106,991,322 as of Feb 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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