EQC

Equity CommonwealthNYSE:EQC Stock Report

Market Cap

US$3.2b

7D

-0.5%

1Y

-11.6%

Updated

22 Sep, 2021

Data

Company Financials +
EQC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

EQC Overview

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.

Risk Analysis

No risks detected for EQC from our risk checks.

Equity Commonwealth Competitors

Boston Properties

NYSE:BXP

US$19.1b

Vornado Realty Trust

NYSE:VNO

US$8.7b

SL Green Realty

NYSE:SLG

US$5.0b

Blackstone

NYSE:BX

US$144.8b

Price History & Performance

Summary of all time highs, changes and price drops for Equity Commonwealth
Historical stock prices
Current Share PriceUS$25.88
52 Week HighUS$25.40
52 Week LowUS$30.31
Beta0.29
1 Month Change-0.88%
3 Month Change-3.68%
1 Year Change-11.64%
3 Year Change-17.63%
5 Year Change-15.67%
Change since IPO-32.78%

Recent News & Updates

Shareholder Returns

EQCUS REITsUS Market
7D-0.5%-0.5%-1.7%
1Y-11.6%39.9%36.2%

Return vs Industry: EQC underperformed the US REITs industry which returned 34.6% over the past year.

Return vs Market: EQC underperformed the US Market which returned 31.5% over the past year.

Price Volatility

Is EQC's price volatile compared to industry and market?
EQC volatility
EQC Beta0.29
Industry Beta0.83
Market Beta1

Stable Share Price: EQC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: EQC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198628David Helfandhttps://www.eqcre.com

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.

Equity Commonwealth Fundamentals Summary

How do Equity Commonwealth's earnings and revenue compare to its market cap?
EQC fundamental statistics
Market CapUS$3.16b
Earnings (TTM)-US$21.24m
Revenue (TTM)US$60.92m

51.9x

P/S Ratio

-148.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQC income statement (TTM)
RevenueUS$60.92m
Cost of RevenueUS$26.63m
Gross ProfitUS$34.29m
ExpensesUS$55.53m
Earnings-US$21.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin56.29%
Net Profit Margin-34.86%
Debt/Equity Ratio0.0%

How did EQC perform over the long term?

See historical performance and comparison

Valuation

Is Equity Commonwealth undervalued compared to its fair value and its price relative to the market?

1.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EQC ($25.88) is trading above our estimate of fair value ($0.5)

Significantly Below Fair Value: EQC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EQC is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: EQC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EQC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EQC is good value based on its PB Ratio (1x) compared to the US REITs industry average (2x).


Future Growth

How is Equity Commonwealth forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EQC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EQC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: EQC's revenue is expected to decline over the next 3 years (-5.3% per year).

High Growth Revenue: EQC's revenue is forecast to decline over the next 3 years (-5.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EQC is forecast to be unprofitable in 3 years.


Past Performance

How has Equity Commonwealth performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EQC is currently unprofitable.

Growing Profit Margin: EQC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EQC is unprofitable, but has reduced losses over the past 5 years at a rate of 16.5% per year.

Accelerating Growth: Unable to compare EQC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EQC is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).


Return on Equity

High ROE: EQC has a negative Return on Equity (-0.41%), as it is currently unprofitable.


Financial Health

How is Equity Commonwealth's financial position?


Financial Position Analysis

Short Term Liabilities: EQC's short term assets ($3.0B) exceed its short term liabilities ($22.1M).

Long Term Liabilities: EQC's short term assets ($3.0B) exceed its long term liabilities ($2.4M).


Debt to Equity History and Analysis

Debt Level: EQC is debt free.

Reducing Debt: EQC has no debt compared to 5 years ago when its debt to equity ratio was 48.7%.

Debt Coverage: EQC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EQC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Equity Commonwealth current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EQC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EQC'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 EQC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EQC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: EQC is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EQC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

David Helfand (56 yo)

7.33yrs

Tenure

US$5,367,318

Compensation

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 ($USD5.37M) is about average for companies of similar size in the US market ($USD5.34M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EQC's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: EQC's board of directors are considered experienced (7.2 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Equity Commonwealth's employee growth, exchange listings and data sources


Key Information

  • Name: Equity Commonwealth
  • Ticker: EQC
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: US$3.162b
  • Market Cap: US$3.156b
  • Shares outstanding: 122.19m
  • Website: https://www.eqcre.com

Number of Employees


Location

  • Equity Commonwealth
  • Two North Riverside Plaza
  • Suite 2100
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 22:32
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.