TI7812
Posted - 1 week ago
$EQC CRE Apocalypse Going to speed up in cities with weak downtown areas. Not that EQC has said they are interested. But someone will make money. If Detroit can come back...
UncleStock
Posted - 2 weeks ago
$IIPR $VICI $FPI $EQC suggested for Real Estate Investment Trusts - value screen: https://zpr.io/ijBj4qY9bcQg
Prudentspeculator5150
Posted - 2 weeks ago
$EQC this dovetails with $EQC management saying they too are finding interest in multi-family
Prudentspeculator5150
Posted - 2 weeks ago
$ESRT mailing in the keys to First Stamford place. The $176m mortgage proved too much. $176M is only 8% of cash on $EQC balance sheet. https://firststamfordplace.info/mobile.cfm?mode=toc
Stock_Titan
Posted - 03/28/24
$EQC Equity Commonwealth Announces First Quarter 2024 Earnings Conference Call
https://www.stocktitan.net/news/EQC/equity-commonwealth-announces-first-quarter-2024-earnings-conference-ocpd7o15nefv.html
TI7812
Posted - 4 weeks ago
$EQC CRE Apocalypse deal done @ 50% of building's debt! LA office building, 777 S. Figora St, Brookfield Asset Management building bought by South Korean investment firm Consus for $145 million which is 50% below building’s debt This is a stupid time for EQC to liquidate the $19/sh cash + value of the 4 office buildings they own. I don't think the 3% shareholder will be successful. But its up to EQC execs.
UncleStock
Posted - 1 month ago
$IIPR $MNR $EQC $VICI suggested for Real Estate Investment Trusts - value screen: https://zpr.io/ijBj4qY9bcQg
TI7812
Posted - 1 month ago
$EQC CRE Apocalypse ... IMO in 10 years everyone will be back working in the office because - team building is more effective face to face vs. the established teams all WFH that COVID caused - managers promote the ones the see face to face, in person A Chicago property. Not that EQC is looking at office property, but this is great view and location. That's Trump tower in the middle
TI7812
Posted - 1 month ago
$TH man camps also known as work force housing. $EQC I was wondering about what EQC exec meant in the last CC "Accordingly, while we look across sectors, we are spending more time on industrial and residential investments, including workforce housing." West Texas Man Camp 2019 Target Lodging - https://www.youtube.com/watch?v=qptKvLaVhzY
TI7812
Posted - 1 month ago
$EQC Anybody know if the WSJ story gave a liquidation value per share? Rough estimates per the last 10-Q real estate valued at $411M w/ preferred shares there are something like 111.6m to 116m sh total outstanding $18.90 cash per sh $3.54 buildings per sh ========== $22.44 liquidation per sh
TI7812
Posted - 1 month ago
$EQC I don't expect much from the 3% activist investor. He's calling for liquidation. Per my notes on the chart: 0 debt - $2.2B cash, $18.90 cash/sh if include preferred, + 4 CREs buildings.
TI7812
Posted - 1 month ago
$EQC Up over $1.00 on these shares - super safe trade 5% gain in a couple weeks (buying stock at LESS than cash per share, 0 debt, etc, ad nauseum). Haven't sold them yet.
briefingcom
Posted - 1 month ago
$EQC: Land & Buildings calls on Equity Commonwealth to take long overdue step of liquidating remaining assets and returning capital to shareholders https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20240313081411EQC&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page
TI7812
Posted - 1 month ago
$EQC "Activist investor Jonathan Litt has a 3% stake in the office-building owner and is pushing it to liquidate and return cash to investors" - https://www.wsj.com/real-estate/commercial/activist-investor-land-buildings-urges-office-owner-to-liquidate-5eb9f023
Stock_Titan
Posted - 1 month ago
$EQC Land & Buildings Calls on Equity Commonwealth to Take Long Overdue Step of Liquidating Remaining Assets and Returning Capital to Shareholders
https://www.stocktitan.net/news/EQC/land-amp-buildings-calls-on-equity-commonwealth-to-take-long-overdue-f1b1tu2k43nn.html
Stock_Titan
Posted - 1 month ago
$EQC Equity Commonwealth Sets 2024 Virtual Annual Meeting of Shareholders
https://www.stocktitan.net/news/EQC/equity-commonwealth-sets-2024-virtual-annual-meeting-of-86vi04uidjaj.html
Prudentspeculator5150
Posted - 1 month ago
$EQC
UncleStock
Posted - 1 month ago
$IIPR $MNR $EQC $VICI suggested for Real Estate Investment Trusts - value screen: https://zpr.io/ijBj4qY9bcQg
SoundofThunder
Posted - 1 month ago
$EQC The Sports Car Loser just regurgitates information from other sources in the desperate, disconnected, and pathetic attempt to somehow seem relevant... But the reality is that this loser is just a no-value added thread-filler who posts useless trash bereft of actual ideas... That's just creepy...
TI7812
Posted - 1 month ago
$EQC CRE Apocalypse - 2 in one day on my little fintwit feed. San Jose - office complex in Downtown San Jose just sold at a huge 77% discount to what it sold for in 2019 - https://twitter.com/TripleNetInvest/status/1764802676821528691 Cincinnati - The sixth largest office building in downtown Cincinnati is in foreclosure. - https://twitter.com/aryal1994/status/1764785546394468548
SoundofThunder
Posted - 1 month ago
$EQC Wow.. It's a good thing we have the Sports Car Loser to state the glaringly obvious... WTF is wrong with this loser... This loser will do anything to get attention... Here's an idea Sports Car Loser... Make an actual contribution of ideas instead of reciting published information... What a loser...
akatoxkatl
Posted - 1 month ago
$EQC is a company that is sitting on a bunch of cash, waiting to jump on real estate deals. The company is trading for peanuts compared to its book value, with some office space thrown in for free. Worst-case scenario, they cash out and pocket the savings. There is no where for this stock to go, but up.
SoundofThunder
Posted - 1 month ago
$EQC Wow... The Sports Car Loser is peddling its mindless drool over here in INVA too... Anyone following this loser knows what a train wreck this disconnected loser is... It posts glaringly obvious information from other sources in a seemingly desperate plea for attention... How pathetic is that... Hey Sports Car loser... Why don't you actually contribute ideas that add value for others, instead of regurgitating information everyone can get from actual sources... What a loser...
TI7812
Posted - 1 month ago
$NYCB Panick in the streets... $EQC has been ready for two years to feast on CRE Apocalypse.
Prudentspeculator5150
Posted - 02/28/24
@TI7812 I should add, I don't think the American city is going to die yet. And if $EQC could get the San Francisco properties of either $PGRE or even $HPP SF exposure, for a Zell definition of a compelling price, I'd be intrigued.
Prudentspeculator5150
Posted - 02/28/24
@TI7812 the first time I heard of "workforce housing" was when critical mass was being achieved in the bakken oil shale formation in ND in 2013/14. Like oil, that proved boom/bust, and is not what I had in mind when I started nibbling on $EQC.
Just last night I looked at sister REIT $EQR. I'm surprised to see it's actually down -31% over two years. Generally considered a well regarded operator in strong housing markets. But it's getting embarrassed by the S&P.
$EQC is becoming one of my bigger positions. I'm going on the premise that Mr. Helfand and board know more about real estate than I do. And that's why I continue to add.
Prudentspeculator5150
Posted - 02/27/24
@TI7812 I know the official $EQC talking point about more interested in multi-family or even work force housing. But if a large office deal is compelling enough, I suspect they will be a buyer.
TI7812
Posted - 02/27/24
And no $EQC is not mentioned anywhere about this deal. IDK who bought it. EQC is looking to profit off of the CRE Apocalypse as it metastasizes.
TI7812
Posted - 02/27/24
$EQC From $300M in 2021 to $1. CRE Apocalypse just take on the debt phase. So who bought it? Looking up story on sale of 360 Park Avenue (Park and 23rd Street) in NYC for $1 - https://financialpost.com/fp-finance/cppib-1-dollar-office-tower-deal-anxiety-longtime-buyers Boston Properties has finally sealed the deal on its $300 million purchase of 360 Park Avenue South. https://therealdeal.com/new-york/2021/12/21/boston-properties-closes-on-midtown-south-office-building/
