Equity Commonwealth

EQC

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Real Estate
United States of America
Mid cap

Equity Commonwealth is not Shariah Compliant because it fails the financial ratios.

67.85%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
HOLD
$20.50
$20.50
$20.50
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-3.30%
-36.50%
157.01%
0.00
0.00
0.00%

Shariah Compliance

  • Updated on September 12, 2024
Debt
0.00%
✓
Non-Compliant Assets
10.77%
✓
Impure Income
67.85%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
0.00%
✓
Impure Income
67.85%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
0.00%
✓
Impure Income
67.85%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
0.00%
✓
Cash
98.64%
✗
Cash & AR
99.34%
✗
Impure Income
67.85%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
0.00%
✓
Cash
98.64%
✗
Cash & AR
99.34%
✗
Impure Income
67.85%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
67.85%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Equity Commonwealth is an internally managed and self-advised real estate investment trust (REIT). The Company is primarily engaged in the ownership and operation of office properties in the United States. It operates as an umbrella partnership real estate investment trust (UPREIT) and conducting substantially all of its activities through EQC Operating Trust (Operating Trust). Its portfolio consists of approximately four properties (eight buildings), that were leased to 98 tenants with a total of 1.5 million square feet. The Company’s properties include 1225 Seventeenth Street (17th Street Plaza), Denver, Colorado; 1250 H Street, NW, Washington, District of Columbia; 206 East 9th Street (Capitol Tower), Austin, Texas, and Bridgepoint Square, Austin, Texas. The Company is focused on creating value through asset management and improved operating results.

Found the Stock You’re Looking For? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?

Schedule a Free Consultation