Equity Commonwealth Management
Management criteria checks 2/4
Equity Commonwealth's CEO is David Helfand, appointed in May 2014, has a tenure of 10.58 years. total yearly compensation is $7.79M, comprised of 12.2% salary and 87.8% bonuses, including company stock and options. directly owns 1.03% of the company’s shares, worth $1.97M. The average tenure of the management team and the board of directors is 10.6 years and 10.4 years respectively.
Key information
David Helfand
Chief executive officer
US$7.8m
Total compensation
| CEO salary percentage | 12.2% |
| CEO tenure | 10.6yrs |
| CEO ownership | 1.0% |
| Management average tenure | 10.6yrs |
| Board average tenure | 10.4yrs |
Recent management updates
Recent updates
Equity Commonwealth: No Upside In Liquidation
Nov 12Equity Commonwealth: Sam Zell's Cash Box Comes With Free Offices Despite Possible RE Opportunities
Dec 04Equity Commonwealth: REIT Trading At Negative EV Ready To Deploy Cash At Attractive Returns
Sep 05Further Downside For Office REITs Is In Store, But Equity Commonwealth Might Be An Exception
Jun 12Equity Commonwealth: An Outperforming Office REIT With External Challenges
May 26Equity Commonwealth reports Q4 results
Feb 08Equity Commonwealth Q2 FFO, revenue up Y/Y
Aug 01Equity Commonwealth Charges You Nothing For Sam Zell
Jul 22What Does $4B And A Rock Solid Foundation Equal?
Aug 20Here's Why Equity Commonwealth's (NYSE:EQC) CEO Compensation Is The Least Of Shareholders' Concerns
Jun 17
Equity Commonwealth (EQC) Presents At BMO Capital Virtual Meetings at Nareitweek 2021 - Slideshow
Jun 09Equity Commonwealth Purchase Of Monmouth Is More Akin To An IPO Than A Merger
May 09Equity Commonwealth acquires Monmouth Real Estate Investment for $3.4B
May 05Did Equity Commonwealth (NYSE:EQC) Insiders Buy Up More Shares?
Mar 18How Much Are Equity Commonwealth (NYSE:EQC) Insiders Spending On Buying Shares?
Dec 03
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$42m |
| Jun 30 2024 | n/a | n/a | US$94m |
| Mar 31 2024 | n/a | n/a | US$86m |
| Dec 31 2023 | US$8m | US$950k | US$83m |
| Sep 30 2023 | n/a | n/a | US$78m |
| Jun 30 2023 | n/a | n/a | US$64m |
| Mar 31 2023 | n/a | n/a | US$51m |
| Dec 31 2022 | US$6m | US$824k | US$29m |
| Sep 30 2022 | n/a | n/a | US$7m |
| Jun 30 2022 | n/a | n/a | -US$8m |
| Mar 31 2022 | n/a | n/a | -US$13m |
| Dec 31 2021 | US$6m | US$824k | -US$24m |
| Sep 30 2021 | n/a | n/a | -US$24m |
| Jun 30 2021 | n/a | n/a | -US$21m |
| Mar 31 2021 | n/a | n/a | US$9m |
| Dec 31 2020 | US$5m | US$824k | US$443m |
| Sep 30 2020 | n/a | n/a | US$461m |
| Jun 30 2020 | n/a | n/a | US$484m |
| Mar 31 2020 | n/a | n/a | US$699m |
| Dec 31 2019 | US$6m | US$800k | US$485m |
| Sep 30 2019 | n/a | n/a | US$484m |
| Jun 30 2019 | n/a | n/a | US$493m |
| Mar 31 2019 | n/a | n/a | US$288m |
| Dec 31 2018 | US$6m | US$800k | US$265m |
| Sep 30 2018 | n/a | n/a | US$228m |
| Jun 30 2018 | n/a | n/a | US$228m |
| Mar 31 2018 | n/a | n/a | US$185m |
| Dec 31 2017 | US$6m | US$637k | US$22m |
Compensation vs Market: David's total compensation ($USD7.79M) is above average for companies of similar size in the US market ($USD1.44M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
David Helfand (59 yo)
10.6yrs
Tenure
US$7,794,816
Compensation
Mr. David A. Helfand serves as Chairman of the Board at Equity Commonwealth since May 20, 2023. He serves as a Senior Advisor at Equity Group Investments since June 2023. He served as an Advisor at Equity...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.6yrs | US$7.79m | 1.03% $ 2.0m | |
| Executive VP | 3.7yrs | US$2.57m | 0.086% $ 164.0k | |
| Executive VP & COO | 10.6yrs | US$3.81m | 0.42% $ 790.3k | |
| Executive VP | 10.6yrs | US$2.77m | 0.18% $ 341.3k | |
| Senior VP & Chief Accounting Officer | 2.8yrs | no data | 0.0022% $ 4.1k |
10.6yrs
Average Tenure
56yo
Average Age
Experienced Management: EQC's management team is seasoned and experienced (10.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.6yrs | US$7.79m | 1.03% $ 2.0m | |
| Independent Trustee | 10.4yrs | US$201.20k | 0.14% $ 257.9k | |
| Independent Trustee | 10.4yrs | US$192.34k | 0% $ 0 | |
| Lead Independent Trustee | 10.6yrs | US$241.05k | 0.046% $ 87.6k | |
| Independent Trustee | 10.4yrs | US$208.26k | 0.045% $ 86.3k | |
| Independent Trustee | 10.4yrs | US$207.34k | 0.080% $ 151.6k | |
| Independent Trustee | 4.3yrs | US$202.81k | 0.020% $ 38.7k |
10.4yrs
Average Tenure
70yo
Average Age
Experienced Board: EQC's board of directors are seasoned and experienced ( 10.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:47 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Equity Commonwealth is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Kennison | Baird |
| Jing Xian Tan Bonnel | BofA Global Research |
| Nicholas Joseph | Citigroup Inc |