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Equity Commonwealth (Equity Commonwealth) Property, Plant and Equipment : $0.00 Mil (As of Dec. 2023)


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What is Equity Commonwealth Property, Plant and Equipment?


Equity Commonwealth Property, Plant and Equipment Historical Data

The historical data trend for Equity Commonwealth's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Equity Commonwealth Property, Plant and Equipment Chart

Equity Commonwealth Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
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Equity Commonwealth Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Equity Commonwealth Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Equity Commonwealth  (NYSE:EQC) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Equity Commonwealth Property, Plant and Equipment Related Terms

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Equity Commonwealth (Equity Commonwealth) Business Description

Industry
Traded in Other Exchanges
Address
Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606
Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.
Executives
Orrin S Shifrin officer: EVP, Gen. Counsel & Secretary CWH MANAGEMENT LLC, 2 N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Andrew Levy officer: SVP & Chief Accounting Officer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
William H Griffiths officer: SVP, CFO & Treasurer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
Ellen-blair Chube director 150 N. RIVERSIDE PLAZA, CHICAGO IL 60606
Gerald A Spector director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Adam Scott Markman officer: EVP, CFO & Treasurer TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Lozier James Lloyd Jr director 4616 DORSET RD, DALLAS TX 75229
David Helfand director, officer: President & CEO C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606
Jeffrey Douglas Brown officer: SVP & Chief Accounting Officer 3726 AVALON TRAIL, LEBANON OH 45036
David S Weinberg officer: EVP & Chief Operating Officer CWH MANAGEMENT LLC, TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Samuel Zell director, other: Chairman of the Board TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
James A Star director
James Scott Corl director C/O COHEN & STEERS, INC, 280 PARK AVENUE, NEW YORK NY 10017
Martin L Edelman director C/O PAUL HASTINGS JANOFSKY & WALKER LLP, 75 EAST 55TH STREET, NEW YORK NY 10022

Equity Commonwealth (Equity Commonwealth) Headlines

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