EQC News and Press, Equity Commonwealth of Beneficial Interest From 07/26/23

2023-07-26 17:05:32 ET Equity Commonwealth press release ( NYSE: EQC ): Q2 GAAP EPS of $0.12. Revenue of $14.59M (-6.1% Y/Y). For further details see: Equity Commonwealth GAAP EPS of $0.12, revenue of $14.59M

Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2023. Financial results for the quarter ended June 30, 2023 Net income attributable to common shareholders was $13.8 million, or $0.12 per diluted share, for the quarter ended June 30, 2023...

Equity Commonwealth (NYSE: EQC) announced today that the company will release its second quarter 2023 operating results on Wednesday, July 26, 2023, after the close of trading. A conference call to discuss those results will be held on Thursday, July 27, 2023, at 9:00 am Central Time. The confere...

2023-06-19 04:40:41 ET Summary The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. ...

2023-06-15 14:17:07 ET Summary SL Green may be the most oversold and shorted office REIT available to participate in a sector-wide recovery over the next 12 months. Still solid fundamental results overall and cash flow generation in particular should support the dividend and some ...

2023-06-13 16:47:38 ET Equity Commonwealth's ( NYSE: EQC ) board on Tuesday authorized the office property REIT to repurchase up to $150M of its shares outstanding under a new stock buyback program. EQC stock gained 2.5% in Tuesday after-hours trading. The company'...

2023-06-12 06:51:38 ET Summary Office REITs have seen share prices drop between 14.8% and 28.9% this year due to a lack of demand caused by changes in working conditions. Office vacancy rates in the US have worsened, with 65% of the 200 largest areas reporting increases in vacancy...

2023-06-08 04:12:24 ET Treasury Secretary Janet Yellen in a CNBC interview cautioned that U.S. banks could be pressured by the weakening commercial real estate market and are likely preparing for difficulties ahead. "I do think there will be issues with respect to commercial real e...

2023-05-26 08:45:00 ET Summary Sam Zell was known as the "Grave Dancer" for buying distressed but quality assets for pennies on the dollar and selling them later at the tippy top of the market. Zell was a master value investor, applying standard value investing principles to the w...

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...