Equity

Equity Commonwealth reports Q4 2023 earnings with positive FFO and normalized FFO growth. Despite decline in same property NOI and cash NOI, leasing activity shows encouraging rent increases. Occupancy rates remain high, and the company is in a strong financial position with $2.2B in cash and no debt.

Learn about the divergence in equity and fixed-income CEF sector discounts in this article. It discusses the impact of increased dividends on Muni CEFs, struggles faced by PDX in converting to a traditional income fund, and the unclear impact of distribution hikes on fund valuations. The article also explores the risk profile of perpetual fund conversions and provides an analysis recommending downsizing investments in PDX due to uncertainties surrounding its holdings.