Equity Commonwealth
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 portfolio is comprised of four properties totaling 1.5 million square feet.
Equity Commonwealth (EQC) - Net Assets
Latest net assets as of March 2025: $176.50 Million USD
Based on the latest financial reports, Equity Commonwealth (EQC) has net assets worth $176.50 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($227.66 Million) and total liabilities ($51.16 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $176.50 Million |
| % of Total Assets | 77.53% |
| Annual Growth Rate | 0.79% |
| 5-Year Change | -94.49% |
| 10-Year Change | -94.69% |
| Growth Volatility | 28.74 |
Equity Commonwealth - Net Assets Trend (1989–2024)
This chart illustrates how Equity Commonwealth's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Equity Commonwealth (1989–2024)
The table below shows the annual net assets of Equity Commonwealth from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $178.85 Million | -92.52% |
| 2023-12-31 | $2.39 Billion | -15.36% |
| 2022-12-31 | $2.82 Billion | -7.58% |
| 2021-12-31 | $3.06 Billion | -5.79% |
| 2020-12-31 | $3.24 Billion | -0.08% |
| 2019-12-31 | $3.25 Billion | +1.94% |
| 2018-12-31 | $3.18 Billion | -3.53% |
| 2017-12-31 | $3.30 Billion | +1.23% |
| 2016-12-31 | $3.26 Billion | -3.21% |
| 2015-12-31 | $3.37 Billion | +1.47% |
| 2014-12-31 | $3.32 Billion | -1.31% |
| 2013-12-31 | $3.36 Billion | -3.94% |
| 2012-12-31 | $3.50 Billion | -1.88% |
| 2011-12-31 | $3.57 Billion | +13.95% |
| 2010-12-31 | $3.13 Billion | +8.40% |
| 2009-12-31 | $2.89 Billion | -1.10% |
| 2008-12-31 | $2.92 Billion | +0.63% |
| 2007-12-31 | $2.90 Billion | -1.62% |
| 2006-12-31 | $2.95 Billion | +11.54% |
| 2005-12-31 | $2.65 Billion | +14.66% |
| 2004-12-31 | $2.31 Billion | +14.69% |
| 2003-12-31 | $2.01 Billion | +4.43% |
| 2002-12-31 | $1.93 Billion | +16.29% |
| 2001-12-31 | $1.66 Billion | +8.32% |
| 2000-12-31 | $1.53 Billion | +0.44% |
| 1999-12-31 | $1.52 Billion | -16.70% |
| 1998-12-31 | $1.83 Billion | +44.35% |
| 1997-12-31 | $1.27 Billion | +78.84% |
| 1996-12-31 | $708.05 Million | +3.28% |
| 1995-12-31 | $685.59 Million | +13.88% |
| 1994-12-31 | $602.04 Million | +34.87% |
| 1993-12-31 | $446.40 Million | +92.83% |
| 1992-12-31 | $231.50 Million | -2.61% |
| 1991-12-31 | $237.70 Million | +44.41% |
| 1990-12-31 | $164.60 Million | +21.39% |
| 1989-12-31 | $135.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Equity Commonwealth's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $178.60 Million | 100.00% |
| Total Equity | $178.60 Million | 100.00% |
Equity Commonwealth Competitors by Market Cap
The table below lists competitors of Equity Commonwealth ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cairn Energy PLC
PINK:CRNZF
|
$125.94 Million |
|
Eurocharm Holdings Co Ltd
TW:5288
|
$126.01 Million |
|
Daqing Huake Co Ltd
SHE:000985
|
$126.10 Million |
|
Federal Corp
TW:2102
|
$126.14 Million |
|
China Aircraft Leasing Group Holdings Limited
PINK:CFRLF
|
$125.92 Million |
|
MK Restaurant Group Public Company Limited
BK:M
|
$125.89 Million |
|
Mediwound Ltd
NASDAQ:MDWD
|
$125.89 Million |
|
KDDL Limited
NSE:KDDL
|
$125.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equity Commonwealth's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,385,067,000 to 178,605,000, a change of -2,206,462,000 (-92.5%).
- Net income of 23,664,000 contributed positively to equity growth.
- Dividend payments of 9,632,400 reduced retained earnings.
- Share repurchases of 3,667,200 reduced equity.
- Other comprehensive income increased equity by 937,461,000.
- Other factors decreased equity by 3,154,287,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.66 Million | +13.25% |
| Dividends Paid | $9.63 Million | -5.39% |
| Share Repurchases | $3.67 Million | -2.05% |
| Other Comprehensive Income | $937.46 Million | +524.88% |
| Other Changes | $-3.15 Billion | -1766.07% |
| Total Change | $- | -92.51% |
Book Value vs Market Value Analysis
This analysis compares Equity Commonwealth's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.04x to 0.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $38.10 | $1.58 | x |
| 1987-12-31 | $46.65 | $1.58 | x |
| 1988-12-31 | $33.20 | $1.58 | x |
| 1989-12-31 | $52.76 | $1.58 | x |
| 1990-12-31 | $36.79 | $1.58 | x |
| 1991-12-31 | $42.85 | $1.58 | x |
| 1992-12-31 | $34.24 | $1.58 | x |
| 1993-12-31 | $51.24 | $1.58 | x |
| 1994-12-31 | $45.66 | $1.58 | x |
| 1995-12-31 | $57.67 | $1.58 | x |
| 1996-12-31 | $42.75 | $1.58 | x |
| 1997-12-31 | $54.95 | $1.58 | x |
| 1998-12-31 | $60.99 | $1.58 | x |
| 1999-12-31 | $46.19 | $1.58 | x |
| 2000-12-31 | $46.36 | $1.58 | x |
| 2001-12-31 | $50.87 | $1.58 | x |
| 2002-12-31 | $59.39 | $1.58 | x |
| 2003-12-31 | $59.05 | $1.58 | x |
| 2004-12-31 | $52.39 | $1.58 | x |
| 2005-12-31 | $53.49 | $1.58 | x |
| 2006-12-31 | $54.51 | $1.58 | x |
| 2007-12-31 | $47.68 | $1.58 | x |
| 2008-12-31 | $45.70 | $1.58 | x |
| 2009-12-31 | $45.60 | $1.58 | x |
| 2010-12-31 | $48.40 | $1.58 | x |
| 2011-12-31 | $46.09 | $1.58 | x |
| 2012-12-31 | $37.08 | $1.58 | x |
| 2013-12-31 | $29.93 | $1.58 | x |
| 2014-12-31 | $26.52 | $1.58 | x |
| 2015-12-31 | $26.02 | $1.58 | x |
| 2016-12-31 | $25.72 | $1.58 | x |
| 2017-12-31 | $26.37 | $1.58 | x |
| 2018-12-31 | $25.80 | $1.58 | x |
| 2019-12-31 | $25.70 | $1.58 | x |
| 2020-12-31 | $25.56 | $1.58 | x |
| 2021-12-31 | $25.11 | $1.58 | x |
| 2022-12-31 | $24.96 | $1.58 | x |
| 2023-12-31 | $21.65 | $1.58 | x |
| 2024-12-31 | $1.65 | $1.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equity Commonwealth utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.33%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.64x
- Recent ROE (13.25%) is above the historical average (6.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 0.31% | 100.00% | 0.00x | 1.02x | $-6.15 Million |
| 1987 | 7.29% | 56.48% | 0.07x | 1.85x | $-2.27 Million |
| 1988 | 9.28% | 40.74% | 0.12x | 1.87x | $-600.00K |
| 1989 | 5.99% | 34.05% | 0.11x | 1.56x | $-5.29 Million |
| 1990 | 9.68% | 43.47% | 0.11x | 1.96x | $-480.00K |
| 1991 | 9.43% | 50.46% | 0.13x | 1.45x | $-1.34 Million |
| 1992 | 11.91% | 55.85% | 0.13x | 1.64x | $4.37 Million |
| 1993 | 7.57% | 59.12% | 0.11x | 1.20x | $-10.71 Million |
| 1994 | 8.29% | 57.59% | 0.10x | 1.40x | $-10.28 Million |
| 1995 | 9.37% | 57.01% | 0.11x | 1.46x | $-4.32 Million |
| 1996 | 10.35% | 60.95% | 0.10x | 1.74x | $2.45 Million |
| 1997 | 9.00% | 54.58% | 0.10x | 1.69x | $-12.63 Million |
| 1998 | 7.91% | 40.53% | 0.12x | 1.68x | $-38.26 Million |
| 1999 | 7.48% | 26.63% | 0.14x | 1.94x | $-38.38 Million |
| 2000 | 9.30% | 35.13% | 0.14x | 1.90x | $-10.65 Million |
| 2001 | 5.00% | 21.01% | 0.14x | 1.69x | $-82.85 Million |
| 2002 | 5.54% | 25.60% | 0.13x | 1.66x | $-85.86 Million |
| 2003 | 5.69% | 22.86% | 0.12x | 2.00x | $-86.72 Million |
| 2004 | 7.06% | 26.99% | 0.13x | 2.09x | $-67.89 Million |
| 2005 | 6.24% | 23.21% | 0.13x | 2.01x | $-99.56 Million |
| 2006 | 8.49% | 31.49% | 0.14x | 1.89x | $-44.50 Million |
| 2007 | 4.28% | 14.79% | 0.14x | 2.02x | $-166.03 Million |
| 2008 | 8.38% | 29.28% | 0.14x | 2.06x | $-47.47 Million |
| 2009 | 5.70% | 19.38% | 0.14x | 2.12x | $-124.23 Million |
| 2010 | 4.32% | 17.07% | 0.12x | 2.10x | $-177.76 Million |
| 2011 | 3.08% | 12.06% | 0.12x | 2.09x | $-246.87 Million |
| 2012 | -3.07% | -9.42% | 0.12x | 2.64x | $-405.96 Million |
| 2013 | -5.26% | -19.99% | 0.13x | 1.98x | $-513.42 Million |
| 2014 | 0.72% | 2.79% | 0.15x | 1.74x | $-307.95 Million |
| 2015 | 2.96% | 13.97% | 0.14x | 1.56x | $-236.99 Million |
| 2016 | 7.14% | 46.52% | 0.11x | 1.39x | $-93.15 Million |
| 2017 | 0.90% | 8.71% | 0.08x | 1.28x | $-300.28 Million |
| 2018 | 8.57% | 138.47% | 0.06x | 1.11x | $-45.47 Million |
| 2019 | 15.18% | 385.36% | 0.04x | 1.02x | $168.22 Million |
| 2020 | 13.94% | 680.91% | 0.02x | 1.01x | $127.63 Million |
| 2021 | -0.54% | -28.32% | 0.02x | 1.01x | $-321.30 Million |
| 2022 | 1.32% | 59.02% | 0.02x | 1.01x | $-244.39 Million |
| 2023 | 3.82% | 150.62% | 0.02x | 1.02x | $-147.34 Million |
| 2024 | 13.25% | 49.33% | 0.16x | 1.64x | $5.80 Million |
Industry Comparison
This section compares Equity Commonwealth's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,287,555,700
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equity Commonwealth (EQC) | $176.50 Million | 0.31% | 0.29x | $125.93 Million |
| Allied Properties Real Estate Investment Trust (APYRF) | $215.70 Million | 3.58% | 1.33x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $1.58 Billion | 5.93% | 1.94x | $7.61 Billion |
| Brandywine Realty Trust (BDN) | $1.69 Billion | 2.03% | 1.41x | $496.31 Million |
| BTB Real Estate Investment Trust (BTBIF) | $248.95 Million | 11.32% | 2.06x | $199.14 Million |
| Boston Properties Inc (BXP) | $3.00 Billion | 14.79% | 1.81x | $7.87 Billion |
| COPT Defense Properties (CDP) | $1.68 Billion | 4.55% | 1.53x | $3.58 Billion |
| City Office (CIO) | $772.63 Million | -0.35% | 0.96x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $114.98K |
| Cromwell Property Group (CMWCF) | $2.71 Billion | 9.71% | 0.86x | $445.64 Million |