Equity Commonwealth (EQC) Income Statement Analysis

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Complete financial analysis of Equity Commonwealth (EQC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Equity Commonwealth, a leading company in the REIT – Office industry within the Real Estate sector.

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Equity Commonwealth (EQC)

Industry: REIT - Office

Sector: Real Estate

Website: https://www.eqcre.com

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's same property portfolio is comprised of 4 properties and 1.5 million square feet.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	60.52M	63.14M	58.00M	66.28M	127.85M	197.02M	340.57M	500.68M	714.89M	861.86M	885.54M	1.01B	911.95M	793.37M	849.72M	835.54M	840.01M	795.82M	710.76M	603.23M	500.73M	416.97M	394.17M	405.01M	427.54M	356.55M	208.86M	120.18M	112.68M	86.68M	56.50M	48.70M	43.80M	32.90M	23.20M	18.90M	10.80M	200.00K
Cost of Revenue	27.46M	24.18M	25.89M	28.86M	46.42M	79.92M	141.43M	200.71M	324.95M	387.98M	370.87M	419.68M	392.13M	333.89M	356.00M	347.96M	0.00	0.00	0.00	0.00	0.00	202.69M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	33.06M	38.96M	32.11M	37.42M	81.43M	117.11M	199.15M	299.97M	389.94M	473.88M	514.67M	593.41M	519.82M	459.48M	493.72M	487.58M	840.01M	795.82M	710.76M	603.23M	500.73M	214.27M	394.17M	405.01M	427.54M	356.55M	208.86M	120.18M	112.68M	86.68M	56.50M	48.70M	43.80M	32.90M	23.20M	18.90M	10.80M	200.00K
Gross Profit Ratio	54.63%	61.70%	55.36%	56.46%	63.69%	59.44%	58.47%	59.91%	54.55%	54.98%	58.12%	58.57%	57.00%	57.92%	58.10%	58.36%	100.00%	100.00%	100.00%	100.00%	100.00%	51.39%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.60	-0.28	6.82	3.87	1.40	0.09	0.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	36.97M	30.38M	37.44M	33.23M	38.44M	44.44M	47.76M	50.26M	57.46M	113.16M	77.21M	51.70M	39.74M	39.65M	39.43M	33.71M	35.72M	32.13M	30.45M	25.17M	19.34M	16.82M	15.61M	17.27M	18.70M	17.17M	11.67M	7.06M	6.91M	5.12M	900.00K	700.00K	700.00K	400.00K	400.00K	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.02M	0.00	0.00	3.10M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	36.97M	30.38M	37.44M	33.23M	38.44M	44.44M	47.76M	50.26M	57.46M	113.16M	77.21M	51.70M	46.76M	39.65M	39.43M	36.81M	35.72M	32.13M	30.45M	25.17M	19.34M	16.82M	15.61M	17.27M	18.70M	17.17M	11.67M	7.06M	6.91M	5.12M	900.00K	700.00K	700.00K	400.00K	400.00K	0.00	0.00	0.00
Other Expenses	0.00	17.81M	17.77M	19.33M	28.12M	49.04M	90.71M	131.81M	194.00M	227.53M	218.85M	245.73M	218.69M	207.88M	195.68M	185.66M	511.39M	470.54M	406.62M	340.23M	289.32M	221.36M	205.78M	202.75M	213.49M	138.30M	66.10M	25.88M	22.85M	14.72M	-12.60M	-12.00M	-10.00M	-9.10M	-5.70M	-4.70M	-2.50M	0.00
Operating Expenses	33.06M	48.19M	55.22M	52.56M	66.56M	93.48M	138.47M	182.06M	251.46M	340.69M	296.06M	297.43M	265.45M	247.53M	235.11M	347.96M	547.11M	502.67M	437.06M	365.40M	308.66M	238.18M	221.39M	220.02M	232.19M	155.47M	77.77M	32.94M	29.76M	19.84M	-11.70M	-11.30M	-9.30M	-8.70M	-5.30M	-4.70M	-2.50M	0.00
Cost & Expenses	81.88M	72.37M	81.11M	81.42M	112.98M	173.40M	279.89M	382.77M	576.41M	728.67M	666.93M	717.11M	657.58M	581.42M	591.11M	347.96M	547.11M	502.67M	437.06M	365.40M	308.66M	238.18M	221.39M	220.02M	232.19M	155.47M	77.77M	32.94M	29.76M	19.84M	-11.70M	-11.30M	-9.30M	-8.70M	-5.30M	-4.70M	-2.50M	0.00
Interest Income	114.67M	46.95M	6.80M	21.23M	72.39M	46.82M	26.38M	10.33M	5.99M	1.56M	1.23M	1.43M	1.72M	3.16M	1.19M	1.44M	2.74M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	620.00K	8.91M	26.59M	52.18M	84.33M	107.32M	143.23M	173.01M	204.24M	195.02M	179.64M	173.46M	180.19M	170.97M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	17.44M	72.37M	81.11M	81.42M	112.98M	173.40M	279.89M	382.77M	194.00M	227.53M	218.85M	268.25M	218.69M	204.48M	170.55M	185.66M	197.32M	140.25M	120.82M	102.12M	85.22M	68.75M	65.19M	63.81M	73.38M	60.76M	39.33M	22.11M	22.85M	14.72M	9.10M	9.60M	7.30M	5.10M	4.60M	0.00	0.00	0.00
EBITDA	-3.91M	8.58M	-5.34M	4.19M	42.99M	284.13M	152.83M	256.25M	187.98M	376.73M	546.08M	546.42M	487.72M	446.09M	412.97M	407.44M	436.01M	467.70M	390.65M	350.21M	285.34M	247.54M	234.01M	248.80M	268.73M	261.85M	170.43M	109.35M	103.29M	81.57M	77.30M	69.60M	60.40M	46.70M	33.10M	23.60M	13.30M	200.00K
EBITDA Ratio	-6.46%	13.43%	2.53%	38.35%	90.25%	60.64%	52.20%	51.94%	47.35%	44.01%	49.54%	57.68%	53.31%	54.38%	56.81%	53.85%	58.53%	41.94%	54.96%	58.06%	56.98%	59.37%	59.37%	61.43%	63.02%	73.44%	81.60%	90.99%	91.67%	89.49%	136.81%	142.92%	137.90%	141.95%	142.67%	124.87%	123.15%	100.00%
Operating Income	-21.36M	-9.33M	-16.31M	6.09M	87.26M	11.54M	40.96M	59.44M	121.32M	-51.88M	218.29M	290.34M	233.94M	190.39M	254.32M	265.11M	292.19M	293.15M	273.70M	237.83M	192.07M	178.79M	176.73M	184.99M	195.35M	201.08M	131.10M	87.25M	82.92M	66.84M	68.20M	60.00M	53.10M	41.60M	28.50M	23.60M	13.30M	200.00K
Operating Income Ratio	-35.29%	-14.78%	-28.12%	9.18%	68.25%	5.86%	12.03%	11.87%	16.97%	-6.02%	24.65%	28.66%	25.65%	24.00%	29.93%	31.73%	34.78%	36.84%	38.51%	39.43%	38.36%	42.88%	44.84%	45.67%	45.69%	56.40%	62.77%	72.59%	73.59%	77.11%	120.71%	123.20%	121.23%	126.44%	122.84%	124.87%	123.15%	100.00%
Total Other Income/Expenses	114.67M	29.23M	-10.87M	467.48M	451.16M	264.53M	-10.80M	174.20M	-19.10M	51.82M	-25.01M	-186.05M	-192.93M	-110.09M	-176.91M	-152.73M	-141.90M	-45.39M	-107.70M	-76.51M	-77.62M	-72.02M	3.96M	0.00	-700.00K	0.00	0.00	0.00	2.48M	3.99M	0.00	0.00	0.00	0.00	0.00	-23.60M	-13.30M	0.00
Income Before Tax	93.31M	37.81M	-16.31M	452.34M	494.15M	276.06M	30.17M	233.64M	102.22M	-63.00K	52.75M	104.29M	63.16M	80.30M	77.40M	84.08M	122.21M	250.58M	164.98M	162.83M	114.45M	106.76M	180.69M	0.00	194.65M	0.00	0.00	0.00	85.39M	70.84M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Before Tax Ratio	154.17%	59.88%	-28.12%	682.49%	386.51%	140.12%	8.86%	46.66%	14.30%	-0.01%	5.96%	10.29%	6.93%	10.12%	9.11%	10.06%	14.55%	31.49%	23.21%	26.99%	22.86%	25.60%	45.84%	0.00%	45.53%	0.00%	0.00%	0.00%	75.78%	81.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	1.87M	453.00K	120.00K	248.00K	1.28M	3.16M	500.00K	745.00K	2.36M	3.19M	2.63M	3.21M	1.35M	550.00K	735.00K	773.00K	395.00K	62.15M	124.20M	10.26M	8.05M	117.13M	89.98M	42.71M	81.49M	56.57M	17.10M	13.99M	18.68M	16.92M	34.80M	32.80M	31.00M	27.30M	20.60M	-7.70M	-6.10M	-200.00K
Net Income	91.16M	29.28M	-16.43M	451.29M	492.68M	272.81M	29.66M	232.89M	99.86M	24.01M	-177.06M	-95.42M	109.98M	135.41M	164.67M	244.65M	124.26M	250.58M	164.98M	162.83M	114.45M	106.76M	82.80M	142.27M	113.86M	144.52M	114.00M	73.25M	64.24M	49.92M	33.40M	27.20M	22.10M	14.30M	7.90M	7.70M	6.10M	200.00K
Net Income Ratio	150.62%	46.37%	-28.32%	680.91%	385.36%	138.47%	8.71%	46.52%	13.97%	2.79%	-19.99%	-9.42%	12.06%	17.07%	19.38%	29.28%	14.79%	31.49%	23.21%	26.99%	22.86%	25.60%	21.01%	35.13%	26.63%	40.53%	54.58%	60.95%	57.01%	57.59%	59.12%	55.85%	50.46%	43.47%	34.05%	40.74%	56.48%	100.00%
EPS	0.76	0.26	-0.14	3.64	3.97	2.23	0.17	1.64	0.56	-0.19	-1.58	-1.14	0.81	1.26	2.03	3.43	1.12	3.80	2.40	2.64	2.00	2.44	2.04	4.32	3.44	4.84	4.96	4.44	5.40	3.80	3.88	4.08	4.04	3.56	3.04	3.08	3.40	0.12
EPS Diluted	0.75	0.26	-0.14	3.56	3.90	2.21	0.17	1.62	0.56	-0.19	-1.58	-1.14	0.81	1.26	2.03	3.43	1.12	3.76	2.40	2.64	2.00	2.44	2.04	4.32	3.44	4.84	4.96	4.44	5.40	3.80	3.88	4.08	4.04	3.56	3.04	3.08	3.40	0.12
Weighted Avg Shares Out	108.84M	111.67M	121.41M	121.79M	122.09M	122.31M	124.13M	125.47M	128.62M	125.16M	112.10M	83.75M	77.43M	64.70M	56.06M	56.62M	53.59M	52.49M	49.46M	44.04M	34.07M	32.43M	32.56M	32.98M	32.96M	29.97M	23.04M	16.56M	11.89M	13.18M	8.61M	6.67M	5.47M	4.02M	2.50M	2.50M	1.79M	1.67M
Weighted Avg Shares Out (Dil)	110.19M	112.83M	121.41M	126.61M	126.26M	123.39M	125.13M	126.77M	129.44M	125.16M	112.38M	83.75M	77.43M	64.70M	63.35M	63.92M	60.89M	54.13M	49.46M	44.04M	34.07M	32.43M	32.56M	32.98M	32.96M	29.97M	23.04M	16.56M	11.89M	13.18M	8.61M	6.67M	5.47M	4.02M	2.50M	2.50M	1.79M	1.67M

Equity Commonwealth Sets Record Date for Special Shareholder Meeting

September 20, 2024businesswire.com

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) today announced that its Board of Trustees has established October 1, 2024 as the record date (the “Record Date”) for the special shareholder meeting (the “Special Shareholder Meeting”) at which the Company will...

Equity Commonwealth Files Preliminary Proxy in Connection with Proposed Plan of Sale and Dissolution of the Company

September 19, 2024businesswire.com

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) today announced that it has filed a preliminary proxy statement (the “Preliminary Proxy”) with the U.S. Securities and Exchange Commission (the “SEC”) related to a special shareholder meeting for the following purpose: (i)...

Equity Commonwealth (EQC) Q2 2024 Earnings Call Transcript

July 31, 2024seekingalpha.com

Equity Commonwealth (NYSE:EQC ) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Bill Griffiths - CFO Conference Call Participants Nick Joseph - Citi Operator Good...

Equity Commonwealth Declares Series D Preferred Dividend

July 16, 2024businesswire.com

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the company's Series D Preferred Shares. A quarterly dividend of $0.40625 per Series D Preferred Share will be paid on August 15, 2024 to...

Equity Commonwealth Announces $150 Million Share Repurchase Authorization

June 18, 2024businesswire.com

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Board of Trustees authorized the repurchase, from July 1, 2024 through June 30, 2025, of up to an additional $150 million of its outstanding common shares under the company's existing share...

Equity Commonwealth: Analyzing Potential Preferred Share Returns

June 5, 2024seekingalpha.com

By the end of the year, management will announce either a transformative acquisition or the wind down of the business. If the business winds down, an investment in the company's preferred shares might offer an opportunity for risk-free returns. An...

Equity Commonwealth: Conservative Capital Structure With A 9-18% Upside

June 4, 2024seekingalpha.com

Equity Commonwealth is an Office REIT owning just 4 office buildings but with a $2.17 billion cash pile. The company's portfolio has a leased rate of only 75.4%. Despite lower cash basis NOI, normalized FFO increased 13% Y/Y due to...

Equity Commonwealth (EQC) Q1 2024 Earnings Call Transcript

May 2, 2024seekingalpha.com

Equity Commonwealth (OTCPK:NABZY) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants David Helfand - President and CEO David Weinberg - COO Bill Griffiths - CFO Conference Call Participants Craig Mailman - Citi Operator Good morning,...

Equity Commonwealth Reports First Quarter 2024 Results

May 1, 2024businesswire.com

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended March 31, 2024. Financial results for the quarter ended March 31, 2024 Net income attributable to common shareholders was $23.4 million, or $0.22 per diluted share, for...