$EQC
Equity Commonwealth

2023 Q2 Form 10-Q Financial Statement

#000080364923000046 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $14.59M $15.58M $16.69M
YoY Change -6.12% -6.65% 12.36%
Cost Of Revenue $6.942M $7.256M $4.533M
YoY Change 5.31% 60.07% -31.32%
Gross Profit $7.648M $8.320M $12.15M
YoY Change -14.54% -31.54% 48.21%
Gross Profit Margin 52.42% 53.42% 72.83%
Selling, General & Admin $13.85M $8.555M $8.002M
YoY Change 81.19% 6.91% -49.03%
% of Gross Profit 181.15% 102.82% 65.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.824M $4.310M $4.412M
YoY Change -11.34% -2.31% 1.4%
% of Gross Profit 50.0% 51.8% 36.3%
Operating Expenses $18.37M $12.86M $12.41M
YoY Change 53.59% 3.63% -38.24%
Operating Profit -$10.72M -$4.545M -$261.0K
YoY Change 256.15% 1641.38% -97.81%
Interest Expense $27.35M $28.38M $1.574M
YoY Change 358.7% 1702.8%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $16.63M $23.83M $1.313M
YoY Change 463.22% 1715.0% -113.12%
Income Tax $796.0K $1.080M $8.000K
% Of Pretax Income 4.79% 4.53% 0.61%
Net Earnings $13.79M $22.69M $1.302M
YoY Change 376.07% 1642.32% -113.0%
Net Earnings / Revenue 94.5% 145.64% 7.8%
Basic Earnings Per Share
Diluted Earnings Per Share $0.12 $0.19 $11.45K
COMMON SHARES
Basic Shares Outstanding 109.7M shares 109.6M shares 113.7M shares
Diluted Shares Outstanding 111.2M shares 111.3M shares 113.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.153B $2.129B $2.722B
YoY Change -20.01% -21.79% -8.39%
Cash & Equivalents $2.153B $2.100B $2.700B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.15M $15.61M $15.64M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.169B $2.144B $2.738B
YoY Change -19.88% -21.67% -8.31%
LONG-TERM ASSETS
Property, Plant & Equipment $234.9M $236.8M $246.8M
YoY Change -3.96% -4.03% -4.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $252.6M $255.0M $262.4M
YoY Change -3.21% -2.83% -4.56%
TOTAL ASSETS
Total Short-Term Assets $2.169B $2.144B $2.738B
Total Long-Term Assets $252.6M $255.0M $262.4M
Total Assets $2.422B $2.399B $3.000B
YoY Change -18.41% -20.02% -7.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.02M $19.64M $15.51M
YoY Change 7.5% 26.68% -26.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.88M $27.44M $16.02M
YoY Change 35.13% 71.28% -38.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.132M $2.815M $3.732M
YoY Change 13.36% -24.57% 24.4%
Total Long-Term Liabilities $3.132M $2.815M $3.732M
YoY Change 13.36% -24.57% 24.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.88M $27.44M $16.02M
Total Long-Term Liabilities $3.132M $2.815M $3.732M
Total Liabilities $37.87M $30.25M $19.75M
YoY Change 67.13% 53.17% -32.03%
SHAREHOLDERS EQUITY
Retained Earnings $3.874B $3.859B $3.800B
YoY Change 1.88% 1.54% -0.13%
Common Stock $3.986B $3.978B $4.054B
YoY Change -0.84% -1.89% -5.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.384B $2.361B $2.973B
YoY Change
Total Liabilities & Shareholders Equity $2.422B $2.399B $3.000B
YoY Change -18.41% -20.02% -7.99%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $13.79M $22.69M $1.302M
YoY Change 376.07% 1642.32% -113.0%
Depreciation, Depletion And Amortization $3.824M $4.310M $4.412M
YoY Change -11.34% -2.31% 1.4%
Cash From Operating Activities $28.25M $23.11M $2.916M
YoY Change 156.16% 692.46% 88.37%
INVESTING ACTIVITIES
Capital Expenditures $1.898M $1.175M
YoY Change -175.11%
Acquisitions
YoY Change
Other Investing Activities -$650.0K
YoY Change
Cash From Investing Activities -$1.898M -$1.175M -$650.0K
YoY Change 1.12% 80.77% -81.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $77.88M
YoY Change 1178.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.997M -$475.5M -$81.34M
YoY Change -94.95% 484.58% 476.27%
NET CHANGE
Cash From Operating Activities 28.25M $23.11M $2.916M
Cash From Investing Activities -1.898M -$1.175M -$650.0K
Cash From Financing Activities -1.997M -$475.5M -$81.34M
Net Change In Cash 24.36M -$453.5M -$79.07M
YoY Change -180.06% 473.59% 388.9%
FREE CASH FLOW
Cash From Operating Activities $28.25M $23.11M $2.916M
Capital Expenditures $1.898M $1.175M
Free Cash Flow $26.36M $21.93M
YoY Change 94.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000803649
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
1-9317
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
EQUITY COMMONWEALTH
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-6558834
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
Two North Riverside Plaza, Suite 2100
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Chicago
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
60606
CY2023Q1 dei City Area Code
CityAreaCode
(312)
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
646-2800
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
109701592 shares
CY2023Q1 us-gaap Land
Land
44060000 usd
CY2022Q4 us-gaap Land
Land
44060000 usd
CY2023Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
364155000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
364063000 usd
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
408215000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
408123000 usd
CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
171379000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
169530000 usd
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
236836000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
238593000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2128688000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2582222000 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
15606000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
16009000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
18194000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
18061000 usd
CY2023Q1 us-gaap Assets
Assets
2399324000 usd
CY2022Q4 us-gaap Assets
Assets
2854885000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
19642000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
25935000 usd
CY2023Q1 us-gaap Advance Rent
AdvanceRent
2815000 usd
CY2022Q4 us-gaap Advance Rent
AdvanceRent
2355000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7795000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2863000 usd
CY2023Q1 us-gaap Liabilities
Liabilities
30252000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
31153000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2022Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4915196 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4915196 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4915196 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4915196 shares
CY2023Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
122880000 usd
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
122880000 usd
CY2023Q1 us-gaap Preferred Stock Value
PreferredStockValue
119263000 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
119263000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
109701592 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
109701592 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
109428252 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
109428252 shares
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
1097000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1094000 usd
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3976643000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3979566000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3858500000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3835815000 usd
CY2023Q1 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
4866401000 usd
CY2022Q4 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
4393522000 usd
CY2023Q1 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
727685000 usd
CY2022Q4 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
725688000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2361417000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2816528000 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
7655000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
7204000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2369072000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2823732000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2399324000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2854885000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
14226000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15840000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1350000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
846000 usd
CY2023Q1 us-gaap Revenues
Revenues
15576000 usd
CY2022Q1 us-gaap Revenues
Revenues
16686000 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
7256000 usd
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
4533000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4310000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4412000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8555000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8002000 usd
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
20121000 usd
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
16947000 usd
CY2023Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
28376000 usd
CY2022Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
1574000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23831000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1313000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1080000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
22751000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1305000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
66000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
22685000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1302000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20688000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-695000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109720000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113740000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111300000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113740000 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.19
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.25
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2823732000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
22751000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3395000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2988000 usd
CY2023Q1 eqc Dividends And Other Distributions
DividendsAndOtherDistributions
477004000 usd
CY2023Q1 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2369072000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3055270000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1305000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
73744000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4133000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3176000 usd
CY2022Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1000 usd
CY2022Q1 eqc Dividends And Other Distributions
DividendsAndOtherDistributions
1608000 usd
CY2022Q1 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2980267000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
22751000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1305000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
3719000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
3776000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
-279000 usd
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
-10000 usd
CY2023Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
591000 usd
CY2022Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
636000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2988000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3176000 usd
CY2023Q1 eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
662000 usd
CY2022Q1 eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
1265000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7018000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4468000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
460000 usd
CY2022Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-254000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23108000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2916000 usd
CY2023Q1 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
1175000 usd
CY2022Q1 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
650000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1175000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-650000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3395000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
77877000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1000 usd
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
468232000 usd
CY2022Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1462000 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 usd
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1843000 usd
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-475467000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-81335000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-453534000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-79069000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2582222000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800998000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2128688000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2721929000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-9000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-12000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1710000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
703000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7795000 usd
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
514000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2100000000 usd
CY2023Q1 us-gaap Real Estate Improvements
RealEstateImprovements
2000000 usd
CY2022Q1 us-gaap Real Estate Improvements
RealEstateImprovements
800000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
9067000 usd
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
10103000 usd
CY2023Q1 us-gaap Variable Lease Income
VariableLeaseIncome
5159000 usd
CY2022Q1 us-gaap Variable Lease Income
VariableLeaseIncome
5737000 usd
CY2023Q1 us-gaap Lease Income
LeaseIncome
14226000 usd
CY2022Q1 us-gaap Lease Income
LeaseIncome
15840000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.25
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
468300000 usd
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1800000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.40625
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.40625
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.40625
CY2023Q1 eqc Common Stock Conversion Term
CommonStockConversionTerm
P6M
CY2023Q1 eqc Common Stock Basis For Conversion
CommonStockBasisForConversion
1
CY2023Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
30000 usd
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8000 usd
CY2023Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1050000 usd
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1080000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
0 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
300000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
457988 shares
CY2023Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
22751000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1305000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
66000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20688000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-695000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
22751000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1305000 usd
CY2023Q1 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
66000 usd
CY2022Q1 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
3000 usd
CY2023Q1 us-gaap Dilutive Securities
DilutiveSecurities
-1997000 usd
CY2022Q1 us-gaap Dilutive Securities
DilutiveSecurities
-1997000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20688000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-695000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109720000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113740000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111300000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113740000 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.19
CY2023Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2022Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2023Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
113000 shares
CY2022Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
162000 shares
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment

Files In Submission

Name View Source Status
0000803649-23-000046-index-headers.html Edgar Link pending
0000803649-23-000046-index.html Edgar Link pending
0000803649-23-000046.txt Edgar Link pending
0000803649-23-000046-xbrl.zip Edgar Link pending
eqc-20230331.htm Edgar Link pending
eqc-20230331.xsd Edgar Link pending
eqc-20230331_def.xml Edgar Link unprocessable
eqc-20230331_cal.xml Edgar Link unprocessable
eqc-20230331_htm.xml Edgar Link completed
eqc33123exhibit311.htm Edgar Link pending
eqc33123exhibit312.htm Edgar Link pending
eqc33123exhibit321.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
eqc-20230331_pre.xml Edgar Link unprocessable
eqc-20230331_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable