The ticker EQC no longer represents an operating company. Equity Commonwealth, a Maryland real estate investment trust that spent four decades on the New York Stock Exchange, completed its liquidation on September 30, 2025, and dissolved its successor entity the same day. The final chapter of a four-decade corporate life closed without a single property remaining on the balance sheet.
Shareholders received a combined cash liquidating distribution of $20.60 per common share, paid in two tranches over four months. The first tranche landed in December 2024, and the second landed in April 2025. The residual balance, roughly $150,000, was donated to ten charities selected by the liquidating trustees, and no further claim survives for former unit holders. The distribution marked the end of a company that had been a fixture of the NYSE since the late 1980s.
The story of EQC is not a story of operational failure but of a slow strategic retreat. The REIT sold its last remaining property, a Denver office tower, in February 2025, and held no real estate as of the fiscal year-end that followed. What remains is a regulatory filing obligation and a set of tax forms posted on the company website for former shareholders.