EQC News and Press, Equity Commonwealth of Beneficial Interest From 05/25/23

2023-05-25 22:57:02 ET Summary Equity Commonwealth reported Q1 2023 financial results with a net income of $20.7 million, a significant improvement from a net loss of $0.7 million YoY. The office sector continues to grapple with challenges from the pandemic, despite signs of gradu...

2023-05-21 09:00:00 ET Summary U.S. equity markets climbed to nine-month highs this week as investors weighed signs of progress on debt-ceiling negotiations and solid economic data against a continued drumbeat of hawkish Fed commentary. Snapping a two-week losing streak and climbi...

Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees (the “Board”) has named David Helfand to serve as the Chair of the Board, effective immediately. Mr. Helfand has served as the company’s President and Chief Executive Officer since 2014 and will contin...

2023-05-19 09:00:00 ET Summary The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a we...

Equity Commonwealth (NYSE: EQC) announced today that Sam Zell, its Chairman of the Board of Trustees, died today due to complications from a recent illness. Sam served as our Chairman since we took responsibility for EQC in May 2014. Sam also served as the chairman of Equity Group Investments...

2023-05-06 22:10:26 ET Equity Commonwealth (EQC) Q1 2023 Earnings Conference Call May 04, 2023, 10:00 ET Company Participants David Helfand - President, CEO & Trustee David Weinberg - EVP & COO Conference Call Participants Nicholas Joseph - Citigr...

2023-05-03 17:39:39 ET Equity Commonwealth press release ( NYSE: EQC ): Q1 FFO of $0.23 beats by $0.02 . Revenue of $15.58M (-6.7% Y/Y) beats by $0.57M . For further details see: Equity Commonwealth FFO of $0.23 beats by $0.02, revenue of $15.58M beats by...

Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2023. Financial results for the quarter ended March 31, 2023 Net income attributable to common shareholders was $20.7 million, or $0.19 per diluted share, for the quarter ended March 31, 2...

2023-05-01 08:23:58 ET Summary Vornado recently suspended its dividend after paying a consistently high dividend for 30 years. 28 office REIT dividends were evaluated for safety based on yield, coverage ratios, and price/book value. I recommend investors who own office REITs r...

2023-05-01 03:48:08 ET Storm clouds are brewing for the U.S. commercial property market, according to Berkshire Hathaway ( NYSE: BRK.A ) ( NYSE: BRK.B ) Vice Chairman Charlie Munger, who warned of a potential crash amid trouble in the U.S. financial system. "It's not nea...