Added to YB: 2024-06-17
Pitch date: 2024-06-14
EQC [bullish]
Equity Commonwealth
+20.53%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$169.7M
Pitch Price
$1.31
Price Target
23.09 (+1361%)
Dividend
N/A
EV/EBITDA
N/A
P/E
5.98
EV/Sales
N/A
Sector
Office REITs
Category
special_situation
Equity Commonwealth
EQC: Office REIT trading below net cash after failed pivot to industrial. Sam Zell's passing leaves leadership void. Activist Litt pushes for liquidation, estimates $23.09/share value (20% upside). Sale of 3/4 properties announced, potential wind-down by YE if no industrial deal. Catalyst for value realization.
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