$EQC
Equity Commonwealth

2023 Q3 Form 10-Q Financial Statement

#000080364923000073 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $15.21M $14.59M $15.54M
YoY Change 0.57% -6.12% 4.48%
Cost Of Revenue $6.700M $6.942M $6.592M
YoY Change 10.32% 5.31% 0.06%
Gross Profit $8.500M $7.648M $8.949M
YoY Change -6.11% -14.54% 7.99%
Gross Profit Margin 55.88% 52.42% 57.58%
Selling, General & Admin $7.100M $13.85M $7.646M
YoY Change -6.49% 81.19% 3.46%
% of Gross Profit 83.53% 181.15% 85.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.436M $3.824M $4.313M
YoY Change -0.34% -11.34% -2.69%
% of Gross Profit 52.19% 50.0% 48.2%
Operating Expenses $11.50M $18.37M $11.96M
YoY Change -4.52% 53.59% 1.16%
Operating Profit -$3.000M -$10.72M -$3.010M
YoY Change 0.3% 256.15% -14.85%
Interest Expense $29.30M $27.35M $5.963M
YoY Change 93.46% 358.7%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $26.26M $16.63M $2.953M
YoY Change 114.49% 463.22% -254.69%
Income Tax $30.00K $796.0K $50.00K
% Of Pretax Income 0.11% 4.79% 1.69%
Net Earnings $26.15M $13.79M $2.896M
YoY Change 114.49% 376.07% -249.59%
Net Earnings / Revenue 171.88% 94.5% 18.63%
Basic Earnings Per Share
Diluted Earnings Per Share $0.22 $0.12 $25.54K
COMMON SHARES
Basic Shares Outstanding 109.7M shares 109.7M shares 112.0M shares
Diluted Shares Outstanding 110.2M shares 111.2M shares 113.4M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.128B $2.153B $2.692B
YoY Change -20.97% -20.01% -9.25%
Cash & Equivalents $2.100B $2.153B $2.700B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $15.20M $16.15M $15.96M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.143B $2.169B $2.707B
YoY Change -20.88% -19.88% -9.18%
LONG-TERM ASSETS
Property, Plant & Equipment $232.8M $234.9M $244.6M
YoY Change -3.59% -3.96% -4.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $250.8M $252.6M $261.0M
YoY Change -3.52% -3.21% -5.14%
TOTAL ASSETS
Total Short-Term Assets $2.143B $2.169B $2.707B
Total Long-Term Assets $250.8M $252.6M $261.0M
Total Assets $2.394B $2.422B $2.968B
YoY Change -19.36% -18.41% -8.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M $20.02M $18.62M
YoY Change 5.97% 7.5% -3.07%
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 $29.40M $26.88M $19.90M
YoY Change -78.27% 35.13% -9.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.100M $3.132M $2.763M
YoY Change -20.36% 13.36% 16.43%
Total Long-Term Liabilities $2.100M $3.132M $2.763M
YoY Change -20.36% 13.36% 16.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.40M $26.88M $19.90M
Total Long-Term Liabilities $2.100M $3.132M $2.763M
Total Liabilities $31.55M $37.87M $22.66M
YoY Change -77.13% 67.13% -7.26%
SHAREHOLDERS EQUITY
Retained Earnings $3.900B $3.874B $3.803B
YoY Change 2.24% 1.88% -0.01%
Common Stock $3.931B $3.986B $4.020B
YoY Change -1.87% -0.84% -6.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.354B $2.384B $2.938B
YoY Change
Total Liabilities & Shareholders Equity $2.394B $2.422B $2.968B
YoY Change -19.36% -18.41% -8.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $26.15M $13.79M $2.896M
YoY Change 114.49% 376.07% -249.59%
Depreciation, Depletion And Amortization $4.436M $3.824M $4.313M
YoY Change -0.34% -11.34% -2.69%
Cash From Operating Activities $35.00M $28.25M $11.03M
YoY Change 89.84% 156.16% 584.67%
INVESTING ACTIVITIES
Capital Expenditures $1.500M $1.898M -$2.527M
YoY Change -326.59% -175.11% 433.12%
Acquisitions
YoY Change
Other Investing Activities $0.00 $650.0K
YoY Change -100.0% -119.22%
Cash From Investing Activities -$1.500M -$1.898M -$1.877M
YoY Change 162.24% 1.12% -51.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.80M -1.997M -39.58M
YoY Change 245.6% -94.95% 1222.83%
NET CHANGE
Cash From Operating Activities 35.00M 28.25M 11.03M
Cash From Investing Activities -1.500M -1.898M -1.877M
Cash From Financing Activities -58.80M -1.997M -39.58M
Net Change In Cash -25.30M 24.36M -30.43M
YoY Change -3072.97% -180.06% 480.98%
FREE CASH FLOW
Cash From Operating Activities $35.00M $28.25M $11.03M
Capital Expenditures $1.500M $1.898M -$2.527M
Free Cash Flow $33.50M $26.36M $13.56M
YoY Change 75.4% 94.41% 550.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4915196 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4915196 shares
CY2023Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
122880000 usd
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
122880000 usd
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
119263000 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
119263000 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
1097000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1094000 usd
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3984681000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3979566000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3874284000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3835815000 usd
CY2023Q2 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
4865668000 usd
CY2022Q4 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
4393522000 usd
CY2023Q2 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
729682000 usd
CY2022Q4 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
725688000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2383975000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2816528000 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
7852000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
7204000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2391827000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2823732000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2421843000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2854885000 usd
us-gaap Costs And Expenses
CostsAndExpenses
45431000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
55728000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40463000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4266000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1876000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58000 usd
us-gaap Profit Loss
ProfitLoss
38587000 usd
us-gaap Profit Loss
ProfitLoss
4208000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
118000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10000 usd
us-gaap Net Income Loss
NetIncomeLoss
38469000 usd
us-gaap Net Income Loss
NetIncomeLoss
4198000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3994000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113785000 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.31
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.00
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7989000 usd
CY2023Q2 eqc Dividends And Other Distributions
DividendsAndOtherDistributions
1070000 usd
CY2023Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2391827000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2823732000 usd
us-gaap Profit Loss
ProfitLoss
38587000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3395000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10977000 usd
eqc Dividends And Other Distributions
DividendsAndOtherDistributions
478074000 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2391827000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2980267000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2903000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
37555000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
27000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
111299000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4160000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6169000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1000 usd
eqc Dividends And Other Distributions
DividendsAndOtherDistributions
4367000 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2945822000 usd
us-gaap Profit Loss
ProfitLoss
38587000 usd
us-gaap Depreciation
Depreciation
7543000 usd
us-gaap Straight Line Rent
StraightLineRent
-552000 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1281000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10977000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6169000 usd
eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
1523000 usd
eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
2336000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6832000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1507000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
777000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-1223000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51362000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13946000 usd
eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
3073000 usd
eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
2527000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3073000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2527000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3395000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
115459000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
468232000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1462000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3994000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3994000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1843000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-477464000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-120914000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-429175000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-109495000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2582222000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800998000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2153047000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1946000 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
108000 usd
CY2023Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1697000 usd
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
315000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
6868000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1276000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
19411000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
10855000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2200000000 usd
us-gaap Lease Income
LeaseIncome
30266000 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 Cash Paid
PreferredStockDividendsPerShareCashPaid
0.40625
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.40625
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.40625
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.40625
eqc Common Stock Conversion Term
CommonStockConversionTerm
P6M
eqc Common Stock Basis For Conversion
CommonStockBasisForConversion
1
us-gaap Profit Loss
ProfitLoss
38587000 usd
us-gaap Profit Loss
ProfitLoss
4208000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
52000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
118000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10000 usd
CY2023Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
30000 usd
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
50000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
60000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
58000 usd
CY2023Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
766000 usd
CY2022Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1816000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
796000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1876000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1650000 shares
CY2023Q2 eqc Number Of Trustees In Board Of Trustees
NumberOfTrusteesInBoardOfTrustees
6 trustee
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
100000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
100000 usd
CY2022Q2 eqc Number Of Trustees In Board Of Trustees
NumberOfTrusteesInBoardOfTrustees
6 trustee
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
100000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
5200000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
100000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
5200000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
400000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2073350 shares
CY2023Q2 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
15836000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2903000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3994000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3994000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13787000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
899000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34475000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
204000 usd
CY2023Q2 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
52000 usd
CY2022Q2 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
7000 usd
eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
118000 usd
eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
10000 usd
CY2023Q2 us-gaap Dilutive Securities
DilutiveSecurities
-1997000 usd
CY2022Q2 us-gaap Dilutive Securities
DilutiveSecurities
-1997000 usd
us-gaap Dilutive Securities
DilutiveSecurities
-3994000 usd
us-gaap Dilutive Securities
DilutiveSecurities
-3994000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13787000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
899000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
34475000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
204000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109839000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112005000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109779000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112868000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111237000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113380000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111269000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113785000 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.01
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.31
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.00
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.12
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2023Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2022Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2023Q2 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
131000 shares
CY2022Q2 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
86000 shares
eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
122000 shares
eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
124000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000803649-23-000073-index-headers.html Edgar Link pending
0000803649-23-000073-index.html Edgar Link pending
0000803649-23-000073.txt Edgar Link pending
0000803649-23-000073-xbrl.zip Edgar Link pending
eqc-20230630.htm Edgar Link pending
eqc-20230630.xsd Edgar Link pending
eqc63023exhibit102.htm Edgar Link pending
eqc63023exhibit311.htm Edgar Link pending
eqc63023exhibit312.htm Edgar Link pending
eqc63023exhibit321.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
eqc-20230630_def.xml Edgar Link unprocessable
eqc-20230630_lab.xml Edgar Link unprocessable
eqc-20230630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
eqc-20230630_htm.xml Edgar Link completed
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
R41.htm Edgar Link pending
R42.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-20230630_cal.xml Edgar Link unprocessable