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.
Flawless balance sheet with proven track record.
Share Price & News
How has Equity Commonwealth's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HP5A has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HP5A underperformed the German REITs industry which returned 9.7% over the past year.
Return vs Market: HP5A underperformed the German Market which returned 3.9% over the past year.
Price Volatility Vs. Market
How volatile is Equity Commonwealth's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Equity Commonwealth undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HP5A (€27.6) is trading above our estimate of fair value (€5.41)
Significantly Below Fair Value: HP5A is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HP5A is good value based on its PE Ratio (5.5x) compared to the DE REITs industry average (8.6x).
PE vs Market: HP5A is good value based on its PE Ratio (5.5x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: HP5A's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HP5A is good value based on its PB Ratio (1.1x) compared to the DE REITs industry average (1.5x).
How is Equity Commonwealth forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HP5A's earnings are forecast to decline over the next 3 years (-96.3% per year).
Earnings vs Market: HP5A's earnings are forecast to decline over the next 3 years (-96.3% per year).
High Growth Earnings: HP5A's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HP5A's revenue is expected to decline over the next 3 years (-8.8% per year).
High Growth Revenue: HP5A's revenue is forecast to decline over the next 3 years (-8.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HP5A's Return on Equity is forecast to be high in 3 years time
How has Equity Commonwealth performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HP5A has a high level of non-cash earnings.
Growing Profit Margin: HP5A's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: HP5A has become profitable over the past 5 years, growing earnings by 49.1% per year.
Accelerating Growth: HP5A's earnings growth over the past year (141%) exceeds its 5-year average (49.1% per year).
Earnings vs Industry: HP5A earnings growth over the past year (141%) exceeded the REITs industry 25.3%.
Return on Equity
High ROE: HP5A's Return on Equity (19.4%) is considered low.
How is Equity Commonwealth's financial position?
Financial Position Analysis
Short Term Liabilities: HP5A's short term assets ($3.4B) exceed its short term liabilities ($32.3M).
Long Term Liabilities: HP5A's short term assets ($3.4B) exceed its long term liabilities ($27.2M).
Debt to Equity History and Analysis
Debt Level: HP5A's debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: HP5A's debt to equity ratio has reduced from 66.6% to 0.7% over the past 5 years.
Debt Coverage: HP5A's debt is well covered by operating cash flow (398.1%).
Interest Coverage: HP5A earns more interest than it pays, so coverage of interest payments is not a concern.
What is Equity Commonwealth current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HP5A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HP5A's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HP5A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HP5A's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HP5A is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HP5A's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Helfand (55yo)
Mr. David A. Helfand has been the Chief Executive Officer and President at Equity Commonwealth since May 2014. Mr. Helfand has been an Advisor and previously served as a Co-President at Equity Group Invest ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD6.03M) is above average for companies of similar size in the German market ($USD2.40M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|Executive VP||6yrs||US$2.85m||0.17% $5.7m|
|Executive VP & COO||6.17yrs||US$3.38m||0.19% $6.5m|
|Executive VP||6.17yrs||US$2.47m||0.14% $4.6m|
|Chief Accounting Officer & Senior VP||6yrs||no data||0.0080% $269.5k|
|Vice President of Investor Relations & Capital Markets||no data||no data||no data|
Experienced Management: HP5A's management team is seasoned and experienced (6.2 years average tenure).
|Independent Trustee||6yrs||US$165.99k||0.10% $3.5m|
|Independent Trustee||6.17yrs||US$167.99k||0.025% $829.5k|
|Independent Trustee||6yrs||US$165.99k||0.017% $553.0k|
|Lead Independent Trustee||no data||US$197.99k||0.025% $829.5k|
|Independent Trustee||6yrs||US$179.99k||0.024% $810.1k|
|Chairman of the Board||6.17yrs||US$2.33m||0.58% $19.6m|
|Independent Trustee||6.17yrs||US$165.99k||0.015% $498.8k|
|Independent Trustee||6.17yrs||US$165.99k||0.025% $829.5k|
|Independent Trustee||6yrs||US$174.99k||0.055% $1.8m|
|Independent Trustee||6.17yrs||US$174.99k||0.022% $741.8k|
Experienced Board: HP5A's board of directors are considered experienced (6.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equity Commonwealth's company bio, employee growth, exchange listings and data sources
- Name: Equity Commonwealth
- Ticker: HP5A
- Exchange: DB
- Founded: 1986
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$3.804b
- Market Cap: US$3.341b
- Listing Market Cap: US$3.347b
- Shares outstanding: 121.74m
- Website: https://www.eqcre.com
Number of Employees
- Equity Commonwealth
- Two North Riverside Plaza
- Suite 2100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EQC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1986|
|HP5A||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1986|
|EQC.PRD||NYSE (New York Stock Exchange)||CUM PFD S D 6.5%||US||USD||Oct 2006|
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. As of May 4, 2020, EQC’s same property portfolio comprised 4 properties and 1.5 million square feet.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 21:33|
|End of Day Share Price||2020/07/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.