Equity Commonwealth

Equity Commonwealth

Equity Commonwealth

Overview
Date Founded

1986

Headquarters

Two North Riverside Plaza,Suite 600,Chicago, IL 60606

Type of Company

Public

Employees (Worldwide)

41

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. The majority of our properties are office buildings located in suburban areas and central business districts, or CBDs, of major metropolitan markets. CWH was founded in 1986 and went public on the New York Stock Exchange as a REIT that owned healthcare related properties. In the 1990’s we transformed into an office REIT by selling healthcare assets and buying office buildings. During this time, we also formed four subsidiary REITs: Hospitality Properties Trust (HPT), a REIT that owns hotels and travel centers; Senior Housing Properties Trust (SNH), a REIT that primarily owns healthcare properties; Government Properties Income Trust (GOV), a REIT that primarily owns and leases office buildings that are majority leased to government tenants and Select Income REIT (SIR), a REIT that is focused on owning and investing in net leased, single tenant properties. HPT, SNH, GOV and SIR became separate public companies in 1995, 1999, 2009 and 2012 respectively. In July 2010, we changed our name to CommonWealth REIT from HRPT Properties Trust in order to avoid any lingering confusion that the company may be a healthcare focused REIT. We have been investment grade rated since 1994 and we are included in a number of financial indices, including the Russell 1000®, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Senior Vice President & Chief Accounting Officer

Director-Investor Relations

Vice President

Vice President of Information

Vice President Asset Management

Treasury Manager

Board of Trustees

Co-Founder at Equity Residential

Founding Co-Editor at The Wharton Real Estate Review

Co-Founder at Jackie Robinson Foundation

Former Senior MD & Global Head-Gaming & Leisure at Bear, Stearns & Co., Inc.

Executive Chairman at FG Asset Management

Former Chief Operating Officer at Tribune Media Co.

President & Chief Executive Officer at Longview Asset Management LLC

Executive Vice President, Chief Financial Officer & Treasurer at Crum & Forster Inc

Managing Director at Siguler Guff & Co. LP

Co-Founder at Goldman Sachs Realty Management LLC

Paths to Equity Commonwealth
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Equity Commonwealth
Owners & Shareholders
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JSP seeks to add value primarily through securities selection. They apply a rigorous fundamental research process to identify common stocks of companies that they believe have long-term capital appreciation potential and are expected to grow faster than the local economy. Securities are generally selected on the basis of their potential for long-term capital growth. Using a bottom-up approach , the portfolio managers seek to select securities they believe have large end market potential or dominance of a profitable niche market, superior business models, and strong free cash flow generation that are attractively priced compared to the intrinsic value of the securities. They also consider a company's operational efficiencies, management's plans for capital allocation, and the company's shareholder orientation. JSP generally pursues an investment strategy of long-term capital growth. In pursuing this strategy, the firm primarily recommends equity securities of US and non-US issuers, although they may recommend a variety of securities and they do not limit recommendations to a particular type of security.

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Nuance Investments is a classic value investment firm headquartered in Kansas City. Nuance was formed on the belief that the ability to outperform the broad stock market is predicated on a consistent and disciplined value investing approach. The Nuance investment team’s sole focus is generating investment returns for clients by diligently reviewing one company at a time on its own investment merits. Nuance Mid Cap Value Nuance Mid Cap Value seeks long-term capital appreciation primarily through investments in equity securities of companies organized in the United States that the investment team believes are high quality, though temporarily out of favor. The strategy typically invests in a portfolio of 50 to 100 companies with market capitalizations typically between $1.0 billion and $25 billion and is considered a mid-cap strategy. The primary benchmark for the strategy is the Russell Midcap Value Index. Clients may also be interested in comparing the strategy to the S&P MidCap 400 Value Index and the S&P 500 Index. Nuance Concentrated Value Nuance Concentrated Value seeks long-term capital appreciation primarily through companies organized in the United States that the investment team believes are high quality, though temporarily out of favor. The strategy typically invests in a portfolio of 15 to 35 companies of various market capitalizations and is considered an all-cap strategy. The primary benchmark for the strategy is the Russell 3000 Value Index. Clients may also be interested in comparing the strategy to the S&P 500 Index.

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Chai Trust Co. makes significant investments in the energy, real estate, industrials, and information technology sectors.

Recent Transactions
Details Hidden

REIT Management & Research LLC, Office Properties Income Trust purchase Select Income REIT from Equity Commonwealth

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Select Income REIT issued USD Common Stock

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Select Income REIT issued Common Stock

Transaction Advisors
Underwriter

Advised onEquity Commonwealth issued Common Stock

Underwriter

Advised onEquity Commonwealth issued Common Stock

Underwriter

Advised onEquity Commonwealth issued Common Stock

Professional

Advised onEquity Commonwealth issued USD Common Stock

Legal Advisor

Advised onOffice Properties Income Trust issued Common Stock

Managing Director

Advised onEquity Commonwealth issued Common Stock

Advisors & Consultants
Real Estate Agent

Executive Vice President at CBRE, Inc.

Legal Advisor

Former Partner at Sidley Austin LLP

Real Estate Agent
Clients

Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in 48 countries, and soon beyond (read: Space). We have about 10,000 employees working across our Chicago headquarters, a growing office in Palo Alto, CA, local markets throughout North America and regional offices in Europe, Latin America, Asia and around the world. Our company philosophy is pretty simple: we treat our customers the way we like to be treated. That boils down to a few key things: We sell stuff we want to buy. A great price is only half the battle - it's also got to be a great product or service. Between our top-rated business partners and unbeatable prices, you should feel comfortable venturing out and trying something new - just because it's featured on Groupon. We want Groupon to be an addiction you can feel good about. No BS. We really want you to love Groupon. "Gotchas" and buried conditions that sour the experience are a terrible way to accomplish that goal. We want each Groupon purchase to feel too good to be true, from the moment you buy to the day you use it. If there's anything unusual about a deal (e.g. an inconvenient location) we go out of our way to point it out

Since its founding in 1947, Dana-Farber has been committed to providing adults and children with cancer with the best treatment available today while developing tomorrow's cures through cutting-edge research. Read about our history, our breakthroughs, and the resources that help us support the health of our neighborhoods and communities.

Georgetown University is a private research university in Washington, D.C. Founded in 1789, it is the oldest Jesuit and Catholic university in the United States. Georgetown's main campus, located in Washington's Georgetown neighborhood, is noted for Healy Hall, a National Historic Landmark in the Romanesque revival style. Georgetown operates a law center on Capitol Hill and auxiliary campuses in Italy, Turkey, and Qatar.

Key Stats and Financials As of 2018
Market Capitalization
$3.87B
Total Enterprise Value
$1.69B
Earnings Per Share
$2.15
Revenue
$190M
Net Profit
$273M
Total Debt
$275M
Total Equity
$3.18B
Enterprise Value Sales
8.94x
TEVNet Income
6.21x
Debt TEV
0.16x
EBITDAMargin
34.41%
Enterprise Value EBITDAOperating
25.97x
EBITDA
$65.2M
Three Year Compounded Annual Growth Rate Of Revenue
-35.92%
Five Year Compounded Annual Growth Rate Of Revenue
-27.66%
Suppliers
CBRE Group, Inc. Real Estate | Los Angeles, CA

CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Americas segment comprises of operations throughout the United States and Canada as well as markets in Latin America. The EMEA segment offers full range of services concentrated on the commercial property sector, such as leasing, property sales, valuation services, asset management services, and occupier outsourcing. The Asia Pacific segment commercial real estate services. The Global Investment Management segment consist of investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. The Development Services segment develops and invests in commercial real estate across a wide spectrum of property types, including: industrial, office and retail properties; healthcare facilities of all types; and residential/mixed-use projects. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.

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