Land & Buildings Calls on Equity Commonwealth to Take Long Overdue Step of Liquidating Remaining Assets and Returning Capital to Shareholders
Equity Commonwealth Common Shares of Beneficial Interest (EQC)
Last equity commonwealth common shares of beneficial interest earnings: 2/12 04:23 pm
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US:NYSE Investor Relations:
eqcre.com/corporate-profile
Company Research
Source: Business Wire
Notes that the Company Currently Has More than 20% Upside to Consensus NAV, is Trading Below the Value of its $2.2 Billion in Cash and Has Materially Underperformed the REIT Index Over the Trailing 1, 3, 5 and 10 YearsBelieves that the Current Board Has Allowed G&A Costs and Executive Compensation to Become Disproportionately Excessive, Spending $37 Million Last Year to Manage Just Four PropertiesLand & Buildings Stands Ready to Take Any Actions Necessary to Maximize Value for Equity Commonwealth Shareholders STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a 3% shareholder of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), released a letter it recently sent to the Company’s Board of Directors (the “Board”).Land & Buildings Founder and Chief Investment Officer Jonathan Litt stated:“For some time, it has been our view that given the makeup of EQC’s real estate portfolio, the Company’s m
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EQC
News
- Equity Commonwealth Declares Series D Preferred DividendBusiness Wire
- Equity Commonwealth Announces First Quarter 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- Equity Commonwealth Announces First Quarter 2024 Earnings Conference CallBusiness Wire
- Land & Buildings Calls on Equity Commonwealth to Take Long Overdue Step of Liquidating Remaining Assets and Returning Capital to Shareholders [Yahoo! Finance]Yahoo! Finance
- Activist Land & Buildings pushing Equity Commonwealth to return cash to holders - WSJ [Seeking Alpha]Seeking Alpha
EQC
Earnings
- 2/12/24 - In-Line
EQC
Sec Filings
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- 2/13/24 - Form 10-K
- EQC's page on the SEC website