Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

The following is a summary of our unaudited quarterly results of operations for 2016 and 2015 (dollars in thousands):



	2016
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenues	$	137,135	$	145,367	$	114,632	$	103,546
Net income attributable to Equity Commonwealth common shareholders	39,421		71,254		84,391		10,263
Net income attributable to Equity Commonwealth common shareholders per share—basic	0.31		0.57		0.67		0.08
Net income attributable to Equity Commonwealth common shareholders per share—diluted	0.31		0.56		0.67		0.08

The increase in the second quarter 2016 total revenues was primarily attributable to a $16.6 million lease termination fee received at 111 Monument Circle. The decrease in the third and fourth quarter 2016 total revenues is primarily attributable to properties sold in 2016. The increase in the second and third quarter 2016 net income attributable to Equity Commonwealth common shareholders was primarily attributable to the gain on sale of properties of $106.4 million and $82.2 million, respectively.



	2015
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenues	$	213,055	$	203,694	$	159,208	$	138,934
Net income attributable to Equity Commonwealth common shareholders	6,649		5,635		23,485		36,164
Net income attributable to Equity Commonwealth common shareholders per share—basic	0.05		0.04		0.18		0.29
Net income attributable to Equity Commonwealth common shareholders per share—diluted	0.05		0.04		0.18		0.28

The decrease in the third and fourth quarter 2015 total revenues and net income attributable to Equity Commonwealth common shareholders was primarily attributable to properties sold in the second, third and fourth quarters of 2015.