See more : Aquafil S.p.A. (ECNL.MI) Income Statement Analysis – Financial Results
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)
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 Declares Series D Preferred Dividend
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, 2023 to...
Equity Commonwealth Announces Second Quarter 2023 Earnings Conference Call
CHICAGO--(BUSINESS WIRE)--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,...
The State Of REITs: June 2023 Edition
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. Only...
Equity Commonwealth Announces $150 Million Share Repurchase Authorization
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Board of Trustees authorized the repurchase, from July 1, 2023 through June 30, 2024, of up to an additional $150 million of its outstanding common shares under the company's existing share...
Further Downside For Office REITs Is In Store, But Equity Commonwealth Might Be An Exception
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...
Dividend Investing Like The Legendary Sam Zell
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...
Equity Commonwealth: An Outperforming Office REIT With External Challenges
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 gradual...
Equity Commonwealth Announces David Helfand as Chair of the Board of Trustees
CHICAGO--(BUSINESS WIRE)--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...
Equity Commonwealth Announces David Helfand as Chair of the Board of Trustees
CHICAGO--(BUSINESS WIRE)--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...
Office REITs: The New Malls
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...
Source: https://incomestatements.info
Category: Stock Reports