Name | Value |
---|---|
Revenues | 15.6M |
Cost of Revenue | 7.3M |
Gross Profit | 8.3M |
Operating Expense | 12.9M |
Operating I/L | -4.5M |
Other Income/Expense | 28.4M |
Interest Income | 28.4M |
Pretax | 23.8M |
Income Tax Expense | 1.1M |
Net Income/Loss | 22.7M |
Equity Commonwealth (NYSE: EQC) is a real estate investment trust (REIT) specializing in commercial office properties across the United States. The company's same property portfolio consists of 4 properties totaling 1.5 million square feet. EQC generates revenue through leasing office spaces to businesses and tenants, thereby earning rental income. As an internally managed and self-advised REIT, EQC focuses on maximizing the value of its real estate assets and delivering consistent returns to its shareholders through strategic property management and leasing activities.