Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Issued and Outstanding Common Shares

The following table presents the changes in Equity Commonwealth’s issued and outstanding common shares and units for the year ended December 31, 2019:


	Common Shares	OP Units and LTIP Units	Total
Outstanding at January 1, 2019	121,572,155	45,720	121,617,875
Repurchase of shares	(168,327)	—	(168,327)
Restricted share grants, time-based LTIP Unit grants and vested restricted stock units, net of forfeitures	520,371	2,940	523,311
Outstanding at December 31, 2019	121,924,199	48,660	121,972,859
Noncontrolling ownership interest in the Operating Trust			0.04	%

Schedule of Issued and Outstanding Units

The following table presents the changes in Equity Commonwealth’s issued and outstanding common shares and units for the year ended December 31, 2019:


	Common Shares	OP Units and LTIP Units	Total
Outstanding at January 1, 2019	121,572,155	45,720	121,617,875
Repurchase of shares	(168,327)	—	(168,327)
Restricted share grants, time-based LTIP Unit grants and vested restricted stock units, net of forfeitures	520,371	2,940	523,311
Outstanding at December 31, 2019	121,924,199	48,660	121,972,859
Noncontrolling ownership interest in the Operating Trust			0.04	%

The table below presents a summary of restricted share, RSU and LTIP Unit activity for the years ended December 31, 2019, 2018 and 2017:


	Number of Restricted Shares and Time-Based LTIP Units	Weighted Average Grant Date Fair Value		Number of RSUs and Market-Based LTIP Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2016	752,209	$	26.79	2,572,768	$	15.75
Granted	144,192	31.51		585,967	15.97
Vested	(217,449)	27.97		(226,258)	15.99
Not earned(1)	—	—		(800,530)	15.99

Outstanding at December 31, 2017	678,952	$	27.41	2,131,947	$	15.69
Granted	154,209	30.05		634,628	14.90
Vested	(407,273)	27.06		(367,260)	15.79
Not earned(1)	—	—		(352,671)	15.47

Outstanding at December 31, 2018	425,888	$	28.70	2,046,644	$	15.47
Granted	138,819	32.20		568,609	15.91
Vested	(164,074)	28.60		(384,811)	15.53
Not earned(1)	—	—		(225,654)	15.57
Forfeited	(319)	31.08		(1,613)	15.56
Outstanding at December 31, 2019	400,314	$	29.95	2,003,175	$	15.57

(1) The table presents the maximum number of shares issued or issuable from outstanding equity awards. RSUs and market-based LTIP Units not earned are the shares market-based award recipients do not receive based on the performance measurement completed at the end of the performance period.