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In the News
Activist Investor Land & Buildings Urges Office Owner to Liquidate
The hedge fund wants Equity Commonwealth to return cash to investors.
Equity Commonwealth (EQC) Q4 2023 Earnings Call Transcript
Equity Commonwealth (EQC) Q4 2023 Earnings Call Transcript
Equity Commonwealth Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its fourth quarter and full year 2023 operating results on Monday, February 12, 2024, after the close of trading. A conference call to discuss those results will be held on Tuesday, February 13, 2024, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company's website (www.eqcre.com). A replay of the audio webcast wi.
3 Specialty REITs You Definitely Should Not Ignore In 2024
REITs offer attractive tax characteristics and higher yields compared to traditional stocks, making them appealing to income-oriented investors. Crown Castle, a telecom REIT, has invested heavily in fiber and small cell business, offering potential value for shareholders. Equity Commonwealth, an office REIT, has a unique portfolio with a large amount of cash and potential for upside through asset acquisition or liquidation.
Equity Commonwealth: Sam Zell's Cash Box Comes With Free Offices Despite Possible RE Opportunities
EQC is a cash box that is collecting high interest while it waits for an opportunity to deploy cash in possible forced selling opportunities in real estate. The book value is almost all cash and trades at a P/B below 0.9x, so cents on the dollar with their office RE coming for free. An opportunistic approach means there is an upside if they happen upon a buying opportunity, which becomes likelier by the day at very elevated current rates.
These 3 No-Brainer Buy and Hold Forever Stocks Are Bargains Today
Realty Income's access to capital is proving to be a major competitive advantage. Equity Commonwealth is a REIT selling for less than the cash on the books.
All You Need to Know About Equity Commonwealth (EQC) Rating Upgrade to Strong Buy
Equity Commonwealth (EQC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Equity Commonwealth (EQC) Q3 2023 Earnings Call Transcript
EquityCommonwealth (NYSE:EQC ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants David Helfand - Chair of Board, President and Chief Executive Officer Dave Weinberg - Chief Operating Officer Bill Griffiths - Chief Financial Officer Operator Good morning and thanks for joining this call to discuss Equity Commonwealth's Results for the quarter ending September 30, 2023 and provide an update on the company. [Operator Instructions] As a reminder, this conference is being recorded.
Equity Commonwealth Announces Third Quarter 2023 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that the company will release its third quarter 2023 operating results on Monday, October 30, 2023, after the close of trading. A conference call to discuss those results will be held on Tuesday, October 31, 2023, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company's website (www.eqcre.com). A replay of the audio webcast will also be availa.
Equity Commonwealth: REIT Trading At Negative EV Ready To Deploy Cash At Attractive Returns
Office market is bearish with little signs of recovery, creating valuation mismatches and opportunities. Equity Commonwealth has sold down office assets and now has negative enterprise value, with plenty of cash to allocate at attractive valuations. EQC is sitting on a unique opportunity and if executed correctly it can deliver optimal value to shareholders for years to come.
EQC Financial details
EQC Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.05 | 0.54 | 0.48 | 0.57 | 0.56 | |
Net income per share | 4.04 | 3.71 | -0.14 | 0.26 | 0.84 | |
Operating cash flow per share | 0.81 | 0.27 | 0.13 | 0.58 | 1.12 | |
Free cash flow per share | 0.6 | 0.17 | 0.08 | 0.55 | 1.07 | |
Cash per share | 22.9 | 24.53 | 23.07 | 23.12 | 19.85 | |
Book value per share | 26.58 | 26.58 | 25.11 | 25.22 | 21.91 | |
Tangible book value per share | 26.59 | 26.63 | 25.16 | 25.29 | 21.96 | |
Share holders equity per share | 26.58 | 26.58 | 25.11 | 25.22 | 21.91 | |
Interest debt per share | 0.29 | 0.01 | 0 | -0.42 | 0 | |
Market cap | 4.01B | 3.32B | 3.14B | 2.79B | 2.09B | |
Enterprise value | 1.24B | 335.1M | 343.55M | 206.28M | -70.79M | |
P/E ratio | 8.14 | 7.36 | -191.4 | 95.25 | 22.92 | |
Price to sales ratio | 31.35 | 50.13 | 54.21 | 44.16 | 34.53 | |
POCF ratio | 40.51 | 99.69 | 195.2 | 42.87 | 17.09 | |
PFCF ratio | 54.99 | 156.06 | 337.91 | 45.37 | 17.93 | |
P/B Ratio | 1.24 | 1.03 | 1.03 | 0.99 | 0.88 | |
PTB ratio | 1.24 | 1.03 | 1.03 | 0.99 | 0.88 | |
EV to sales | 9.69 | 5.06 | 5.92 | 3.27 | -1.17 | |
Enterprise value over EBITDA | 10.73 | 13.19 | 234.5 | 24.32 | 18.1 | |
EV to operating cash flow | 12.51 | 10.05 | 21.33 | 3.17 | -0.58 | |
EV to free cash flow | 16.99 | 15.74 | 36.92 | 3.36 | -0.61 | |
Earnings yield | 0.12 | 0.14 | -0.01 | 0.01 | 0.04 | |
Free cash flow yield | 0.02 | 0.01 | 0 | 0.02 | 0.06 | |
Debt to equity | 0.01 | 0 | 0 | 0 | 0 | |
Debt to assets | 0.01 | 0 | 0 | 0 | 0 | |
Net debt to EBITDA | -24.01 | -117.54 | -1.91K | -304.47 | 552.28 | |
Current ratio | 58.98 | 86.99 | 107.86 | 83.4 | 62.31 | |
Interest coverage | 9.8 | 9.82 | 0 | 0.2 | 0 | |
Income quality | 0.2 | 0.07 | -0.98 | 1.74 | 1.34 | |
Dividend Yield | 0.11 | 0.13 | 0 | 0.04 | 0.23 | |
Payout ratio | 0.89 | 0.97 | -0.85 | 4.11 | 5.22 | |
Sales general and administrative to revenue | 0.3 | 0.5 | 0.65 | 0.48 | 0.61 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -0.26 | -0.36 | -0.42 | -0.05 | -0.05 | |
Capex to revenue | -0.2 | -0.18 | -0.12 | -0.06 | -0.09 | |
Capex to depreciation | -0.91 | -0.6 | -0.38 | -0.2 | -0.33 | |
Stock based compensation to revenue | 0.11 | 0.2 | 0.27 | 0.19 | 0.26 | |
Graham number | 49.12 | 47.07 | 8.74 | 12.2 | 20.32 | |
ROIC | 0.03 | 0 | -0.01 | 0 | 0.01 | |
Return on tangible assets | 0.15 | 0.14 | -0.01 | 0.01 | 0.04 | |
Graham Net | 33.99 | 24.34 | 22.95 | 22.95 | 19.64 | |
Working capital | 2.77B | 2.97B | 2.79B | 2.57B | 2.14B | |
Tangible asset value | 3.25B | 3.24B | 3.06B | 2.82B | 2.39B | |
Net current asset value | 2.75B | 2.97B | 2.79B | 2.57B | 2.14B | |
Invested capital | 0.01 | 0 | 0 | 0 | 0 | |
Average receivables | 35.32M | 17.13M | 15.13M | 15.78M | 15.87M | |
Average payables | 20.04M | 28.87M | 20.18M | 22.85M | 26.62M | |
Average inventory | 1.41B | 1.41B | 0 | 0 | 0 | |
Days sales outstanding | 55.82 | 80.97 | 97.85 | 92.54 | 94.9 | |
Days payables outstanding | 292.15 | 260.4 | 278.57 | 391.43 | 362.82 | |
Days of inventory on hand | 22.22K | 0 | 0 | 0 | 0 | |
Receivables turnover | 6.54 | 4.51 | 3.73 | 3.94 | 3.85 | |
Payables turnover | 1.25 | 1.4 | 1.31 | 0.93 | 1.01 | |
Inventory turnover | 0.02 | 0 | 0 | 0 | 0 | |
ROE | 0.15 | 0.14 | -0.01 | 0.01 | 0.04 | |
Capex per share | -0.21 | -0.1 | -0.06 | -0.03 | -0.05 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | |
Net income per share | 0.19 | 0.21 | 0.14 | 0.24 | 0.25 | |
Operating cash flow per share | 0.3 | 0.21 | 0.26 | 0.32 | 0.34 | |
Free cash flow per share | 0.29 | 0.2 | 0.24 | 0.31 | 0.33 | |
Cash per share | 23.54 | 19.4 | 19.6 | 19.53 | 20.21 | |
Book value per share | 25.68 | 21.52 | 21.7 | 21.61 | 22.31 | |
Tangible book value per share | 25.74 | 21.59 | 21.78 | 21.69 | 22.36 | |
Share holders equity per share | 25.68 | 21.52 | 21.7 | 21.61 | 22.31 | |
Interest debt per share | -0.07 | -0.26 | 0 | 0 | 0.26 | |
Market cap | 2.74B | 2.27B | 2.23B | 2B | 2.05B | |
Enterprise value | 156.86M | 143.61M | 72.29M | -126.73M | -107.96M | |
P/E ratio | 32.8 | 25.04 | 35.25 | 19.13 | 19.33 | |
Price to sales ratio | 173.5 | 145.88 | 152.52 | 131.54 | 135.52 | |
POCF ratio | 83.87 | 98.33 | 78.76 | 57.04 | 57.29 | |
PFCF ratio | 84.88 | 103.6 | 84.43 | 59.66 | 59.07 | |
P/B Ratio | 0.97 | 0.96 | 0.93 | 0.85 | 0.86 | |
PTB ratio | 0.97 | 0.96 | 0.93 | 0.85 | 0.86 | |
EV to sales | 9.94 | 9.22 | 4.95 | -8.33 | -7.13 | |
Enterprise value over EBITDA | 94.67 | -611.12 | -11.65 | -4.44 | -98.14 | |
EV to operating cash flow | 4.8 | 6.21 | 2.56 | -3.61 | -3.01 | |
EV to free cash flow | 4.86 | 6.55 | 2.74 | -3.78 | -3.11 | |
Earnings yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Free cash flow yield | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | |
Debt to equity | 0 | 0 | 0 | 0 | 0 | |
Debt to assets | 0 | 0 | 0 | 0 | 0 | |
Net debt to EBITDA | -1.56K | 9.06K | 346.93 | -74.52 | -1.96K | |
Current ratio | 83.4 | 70.88 | 72.27 | 67.92 | 62.31 | |
Interest coverage | 0.39 | 0.16 | 0 | 0 | 0.86 | |
Income quality | 1.56 | 1.02 | 1.78 | 1.34 | 1.35 | |
Dividend Yield | 0.04 | 0.21 | 0 | 0 | 0 | |
Payout ratio | 5.4 | 20.73 | 0.13 | 0.08 | 0.08 | |
Sales general and administrative to revenue | 0.45 | 0.55 | 0.95 | 0.46 | 0.5 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -0.01 | -0.05 | -0.07 | -0.04 | -0.03 | |
Capex to revenue | -0.02 | -0.08 | -0.13 | -0.1 | -0.07 | |
Capex to depreciation | -0.08 | -0.27 | -0.42 | -0.35 | -0.26 | |
Stock based compensation to revenue | 0.18 | 0.19 | 0.55 | 0.16 | 0.17 | |
Graham number | 10.49 | 10.01 | 8.38 | 10.8 | 11.17 | |
ROIC | 0 | 0 | 0 | 0.01 | 0.01 | |
Return on tangible assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham Net | 23.37 | 19.23 | 19.44 | 19.35 | 19.99 | |
Working capital | 2.57B | 2.11B | 2.14B | 2.11B | 2.14B | |
Tangible asset value | 2.82B | 2.37B | 2.39B | 2.36B | 2.39B | |
Net current asset value | 2.57B | 2.11B | 2.14B | 2.11B | 2.14B | |
Invested capital | 0 | 0 | 0 | 0 | 0 | |
Average receivables | 16.12M | 15.81M | 15.88M | 15.66M | 15.46M | |
Average payables | 23.82M | 22.79M | 19.83M | 21.52M | 25.16M | |
Average inventory | 0 | -0.5 | -0.5 | 0 | 0 | |
Days sales outstanding | 91.27 | 90.17 | 99.63 | 89.78 | 93.51 | |
Days payables outstanding | 334.12 | 243.63 | 259.5 | 308.31 | 375.55 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 0.99 | 1 | 0.9 | 1 | 0.96 | |
Payables turnover | 0.27 | 0.37 | 0.35 | 0.29 | 0.24 | |
Inventory turnover | 0 | -7.26M | 0 | 0 | 0 | |
ROE | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Capex per share | 0 | -0.01 | -0.02 | -0.01 | -0.01 |
EQC Frequently Asked Questions
What is Equity Commonwealth stock symbol ?
Equity Commonwealth is a US stock , located in Chicago of Il and trading under the symbol EQC
What is Equity Commonwealth stock quote today ?
Equity Commonwealth stock price is $18.895 today.
Is Equity Commonwealth stock public?
Yes, Equity Commonwealth is a publicly traded company.