financetom
Business
financetom
/
Business
/
Equity Commonwealth Enters Deal to Sell Last Remaining Property for $132.5 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Equity Commonwealth Enters Deal to Sell Last Remaining Property for $132.5 Million
Feb 10, 2025 3:20 PM

05:58 PM EST, 02/10/2025 (MT Newswires) -- Equity Commonwealth ( EQC ) has agreed to sell its 709,402-square-foot office property in Denver, Colorado, for $132.5 million, the company said late Monday.

The company said it expects a net purchase price of $124.4 million from the sale of this last remaining property.

The sale is expected to complete later this month, subject to closing conditions, but the company cautioned no guarantees of the transaction closing.

Additionally, the company said it is reaffirming the previously-announced aggregate shareholder liquidating distribution range of $20 to $21 per common share, which includes an initial liquidating distribution of $19 per share paid on Dec. 6.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UnitedHealth Q3 Earnings: Revenue And EPS Beat, Revises Annual Profit Guidance As Change Healthcare Cyberattack Still Bites
UnitedHealth Q3 Earnings: Revenue And EPS Beat, Revises Annual Profit Guidance As Change Healthcare Cyberattack Still Bites
Oct 15, 2024
On Tuesday, UnitedHealth Group ( UNH )  reported better-than-expected third-quarter 2024 earnings but lowered the upper end of its annual EPS outlook. The company reported adjusted EPS of $7.15, up from $6.56 a year ago, beating the consensus of $7.00. UnitedHealth’s revenues increased nearly $8.5 billion (+9.1% Y/Y) to $100.8 billion, beating the consensus of $99.28 billion. This was led by an...
Apple to Roll Out New iPad Mini in 29 Countries, Regions
Apple to Roll Out New iPad Mini in 29 Countries, Regions
Oct 15, 2024
11:29 AM EDT, 10/15/2024 (MT Newswires) -- Apple's ( AAPL ) new iPad mini, powered by the A17 Pro chip and Apple Intelligence, is expected to be available in 29 countries and regions, including the US, from Oct. 23. The new product, starting at $499 with 128 gigabytes. is integrated with iPadOS 18, and preorders are now available, the company...
Musk takes on Indian billionaires over satellite spectrum allocation
Musk takes on Indian billionaires over satellite spectrum allocation
Oct 15, 2024
* Musk fights Ambani over India satellite spectrum assignment * Musk says any India move to auction spectrum 'unprecedented' * His reaction comes after new Ambani lobbying effort * Ambani has been lobbying Indian govt for auction route (Adds comments from Eutelsat co-chair in paragraphs 8-10) By Aditya Kalra and Munsif Vengattil NEW DELHI, Oct 15 (Reuters) - The fight...
What's Going On With GameStop Stock Today?
What's Going On With GameStop Stock Today?
Oct 15, 2024
GameStop Corp ( GME ) shares are getting some attention on Tuesday. The stock got a lift after the video game retailer announced a collaboration with Professional Sports Authenticator. What Happened: GameStop ( GME ) on Tuesday announced that it entered into a collaboration with Professional Sports Authenticator (PSA), a division of Collectors Holdings. PSA offers trading card and autograph authentication...
Copyright 2023-2026 - www.financetom.com All Rights Reserved