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Stock impact report

Activist Land & Buildings pushing Equity Commonwealth to return cash to holders - WSJ [Seeking Alpha]

Equity Commonwealth Common Shares of Beneficial Interest (EQC) 
Last equity commonwealth common shares of beneficial interest earnings: 2/12 04:23 pm Check Earnings Report
US:NYSE Investor Relations: eqcre.com/corporate-profile
Company Research Source: Seeking Alpha
EQC rose 1.7% in after-hours trading. Land & Buildings has accumulated a 3% stake in Equity Commonwealth ( EQC ) and is considering a proxy fight in the form of a so-called withhold campaign, which encourages holders to not vote for some or all of the nominees, according to a WSJ report on Tuesday, which cited a letter the activist sent to the board. Land & Buildings head Jonathan Litt said the office building owner has materially underperformed other real-estate investment trusts in recent years, according to the letter. Litt believes that office asset values have no imminent recovery and the best option for Equity Commonwealth ( EQC ) is to sell the properties now, according to the WSJ, which cited the letter. Senior living REIT Ventas ( VTR agreed to a mutual cooperation pact with activist Land & Buildings earlier this month. More on Equity Commonwealth Recommended For You More Trending News Recommended For You More Trending News About EQC Stock Related Stocks Show less Read more
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