Equity Commonwealth rises on $150 mln boost to buyback plan

Equity Commonwealth

14/12/2021 21:24

** Shares in real estate investment trust  EQC.N  rise 1.8%
to $25.80 after the bell
    ** EQC says its board authorized the repurchase, through
Dec. 31, 2022, of an additional $150 mln of its outstanding
common shares under its existing share repurchase program
 urn:newsml:reuters.com:*:nASA02VTP  urn:newsml:reuters.com:*:nBwbTlR5Ba
    ** Co has $170.5 mln available for repurchases, including
$20.5 mln remaining under its prior authorization that expires
on June 30, 2022 - EQC
    ** EQC has a market capitalization of $3.07 bln - Refinitiv
data
    ** Shares of EQC have declined 7% this year, as of Tuesday's
close

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))