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)

28

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 Investments

Treasury Manager

Board of Trustees

Co-Founder at Equity Residential

Founder at Linneman Associates

Co-Founder at Jackie Robinson Foundation

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

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

Executive Chairman at FG Asset Management

Former Chief Operating Officer at Tribune Media Co.

President & Chief Executive Officer at Longview Asset Management LLC

Co-Founder at Goldman Sachs Realty Management LLC

Managing Director at Siguler Guff & Co. LP

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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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INTECH offers institutional investors highly disciplined, mathematical investment strategies based on a rigorous mathematical theory that is the result of research conducted by its founder, Dr. E. Robert Fernholz and published in the 1982 paper, \"Stochastic Portfolio Theory and Stock Market Equilibrium.\" Dr. Fernholz sought to demonstrate that by combining securities with high relative volatility and low covariance, a portfolio could be constructed to have both benchmark-like risk and the potential for above-benchmark returns. His portfolio theory employing stochastic calculus became the basis for INTECH's mathematical investment approach. The mathematical process is designed to take advantage of relative stock volatility (variation in stock prices), rather than use fundamental research or market/economic trends to predict future returns of stocks. The process seeks to generate a return in excess of the benchmark against which the performanceof a particular portfolio or group of portfolios is measured. INTECH's strategies include: Enhanced, Core, Growth, Value, Alpha Capture, Income, and Absolute Risk. Portfolios can be constructed and benchmarked to S&P, Russell, MSCI, FTSE, and their respective subset indices.For relative-risk strategies, INTECH seeks to structure portfolios in a manner that does not increase the overall portfolio volatility materially above that of the relevant benchmark index. INTECH employs risk controls designed to minimize the risk of significant underperformance relative to the applicable benchmark index. For absolute-risk strategies, INTECH focuses on reducing the absolute risk of portfolios and/or generating long-term higher Sharpe ratios than cap-weighted indices.

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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.

Recent Transactions
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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 USD Common Stock

Transaction Advisors
Underwriter

Advised onEquity Commonwealth issued USD Common Stock

Underwriter

Advised onEquity Commonwealth issued USD Common Stock

Underwriter

Advised onEquity Commonwealth issued USD Common Stock

Professional

Advised onEquity Commonwealth issued USD Common Stock

Legal Advisor

Advised onOffice Properties Income Trust issued USD Common Stock

Managing Director

Advised onEquity Commonwealth issued USD Common Stock

Advisors & Consultants
Real Estate Agent

Executive Vice President at CBRE, Inc.

Legal Advisor

Former Partner at Sidley Austin LLP

Real Estate Agent

Senior Vice President at Jones Lang LaSalle

Clients

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.

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

Key Stats and Financials As of 2019
Market Capitalization
$3.75B
Total Enterprise Value
$1.49B
Earnings Per Share
$3.9
Revenue
$128M
Net Profit
$493M
EBITDA
$43.8M
EBITDAMargin
34.26%
Total Debt
$25.7M
Total Equity
$3.25B
Enterprise Value Sales
11.65x
Enterprise Value EBITDAOperating
34x
TEVNet Income
3.03x
Debt TEV
0.02x
Five Year Compounded Annual Growth Rate Of Revenue
-34.15%
Three Year Compounded Annual Growth Rate Of Revenue
-36.64%
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: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services. The Global Workplace Solutions Segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services (leasing and sales). The Real Estate Investments Segment comprises of investment management services provided globally, development services in the United States and United Kingdom and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.

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