Equity Commonwealth

Real Estate & Construction commercial real estate property management real estate investments

EQC’s property portfolio is comprised of 56 properties and 22.7 million square feet.

EQC’s corporate culture is instilled with Equity company values of accountability and alignment with stakeholders, and an emphasis on creating value. Our core values center around building a culture that encourages transparency and open communication based on the following guiding principles:

 Use your best judgment
 Keep your word
 Be a team player
 No surprises
 Speak up
 Reward outstanding performance
 Serve our customers
 Exchange ideas
 Celebrate diversity

Revenue(Q1, 2017)

Market capitalization(2017-08-15)

Company Growth (employees)

Type

Public

HQ

Chicago, US

Founded

2014

Size (employees)

58 (est)

Website

Equity Commonwealth was founded in 2014 and is headquartered in Chicago, US

Equity Commonwealth Office Locations

Equity Commonwealth has an office in Chicago

Chicago, US (HQ)

2100 2 N Riverside Plaza

Equity Commonwealth Data and Metrics

Equity Commonwealth Financial Metrics

Equity Commonwealth's revenue was reported to be $99.6 m in Q1, 2017

Summary

USD

Equity Commonwealth's current market capitalization is $3.8 b.

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue				885.5 m	861.9 m	714.9 m	500.7 m
Revenue growth, %					(3%)	(17%)	(30%)
Gross profit				514.7 m	473.9 m
Gross profit Margin, %				58%	55%
General and administrative expense							50.3 m
Operating expense total				(733 m)	(422 m)	593.6 m	441.2 m
Depreciation and amortization	187.7 m	171.7 m	230.3 m	234.4 m	227.5 m	194 m
EBIT				218.3 m	(51.9 m)	121.3 m	59.4 m
EBIT margin, %				25%	(6%)	17%	12%
Interest expense	179.6 m	191.9 m	202.1 m	173 m	143.2 m	107.3 m
Income tax expense	550 k	1.3 m	3.2 m	2.6 m	3.2 m	2.4 m	(745 k)
Net Income				(157 m)	24 m	99.9 m	232.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	215.2 m	216.6 m	213.1 m	203.7 m	159.2 m	137.1 m	145.4 m	114.6 m	99.6 m
General and administrative expense	24.1 m	47.5 m	16.6 m	10.9 m	16.2 m	13.3 m	12.2 m	13.3 m	12.1 m
Operating expense total	24.1 m	47.5 m	16.6 m	10.9 m	16.2 m	13.3 m	12.2 m	13.3 m	12.1 m
EBIT	15.9 m	12.5 m	34 m	34.2 m	28.9 m	30.3 m	730 k	22.9 m	18.2 m
EBIT margin, %	7%	6%	16%	17%	18%	22%	1%	20%	18%
Interest expense						(22.3 m)		(21.4 m)	(15 m)
Pre tax profit						46.5 m	88 m	86.6 m	24 m
Income tax expense	(908 k)	(703 k)	561 k	(2.9 m)	(23 k)	(75 k)	(165 k)	(225 k)	(175 k)
Net Income	(17.8 m)	156.7 m	13.6 m	12.6 m	30.5 m	46.4 m	87.8 m	86.4 m	23.8 m

Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	18.2 m	194 m	192.8 m	102.2 m	217 m	364.5 m	1.8 b	2.1 b
Accounts Receivable								291 k
Total Assets					6.6 b	5.8 b	5.2 b	4.5 b
Accounts Payable					165.9 m	162.2 m	123.6 m	95.4 m
Total Liabilities								1.3 b
Additional Paid-in Capital					4.2 b	4.5 b	4.4 b	4.4 b
Total Equity					3.4 b	3.3 b	3.4 b	3.3 b
Financial Leverage					2 x	1.7 x	1.6 x	1.4 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	428.4 m	597.4 m	421.7 m	1.3 b	1.6 b	1.7 b	1.8 b	2.4 b	1.9 b
Total Assets	6.6 b	6.2 b	5.7 b	5.5 b	5.3 b	5.1 b	4.9 b	5 b	4.5 b
Accounts Payable	138.4 m	163.1 m	149 m	128.6 m	121.7 m	120.9 m	117.4 m	87 m	62.5 m
Additional Paid-in Capital	4.5 b	4.5 b	4.5 b	4.5 b	4.4 b	4.4 b	4.4 b	4.4 b	4.4 b
Total Equity	3.4 b			3.4 b	3.3 b	3.4 b	3.2 b	3.3 b	3.3 b
Financial Leverage	2 x			1.6 x	1.6 x	1.5 x	1.5 x	1.5 x	1.4 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(157 m)	24 m	99.9 m	232.9 m
Depreciation and Amortization	178.4 m	166.1 m	145.9 m	102.7 m
Accounts Payable	(14.3 m)	10.4 m	(4.6 m)	4.7 m
Cash From Operating Activities	234.7 m	200.4 m	181.5 m	163 m
Interest Paid	192 m	146.3 m	111.3 m	85.3 m
Income Taxes Paid	1.3 m	2.7 m	6 m	327 k

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	(17.8 m)	156.7 m	13.6 m	12.6 m	30.5 m	46.4 m	87.8 m	86.4 m	23.8 m
Depreciation and Amortization	59.8 m	57.2 m	62.7 m	53.6 m	40.5 m	36.3 m	37.3 m	29.2 m	26.9 m
Accounts Payable	138.4 m	163.1 m	149 m	128.6 m	121.7 m	120.9 m	117.4 m	87 m	62.5 m

Ratios

Equity Commonwealth Market Value History

Market Position of Equity Commonwealth

Competitors

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Traffic Overview of Equity Commonwealth

Equity Commonwealth Company Life and Culture

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