EQC Stock Recent News

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.

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.

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).

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.

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.

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.

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, July 27, 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 availab.

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 rates since 2019. Investors should approach the office REIT market cautiously due to the potential for struggling REITs with high debt and difficulty finding tenants.

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 recovery with increasing workplace attendance.

Tap five stocks with increasing P/E ratios to try out a different approach. These stocks include OpGen (OPGN), Horizon Technology Finance (HRZN), Equity Commonwealth (EQC), NOV (NOV) and Spartacus Acquisition (NN).