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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenue $ 15,742 $ 23,995 $ 48,133 $ 93,459
Other revenue 743 2,740 3,437 8,396
Total revenues 16,485 26,735 51,570 101,855
Expenses:        
Operating expenses 6,444 9,923 21,882 36,677
Depreciation and amortization 5,137 5,939 14,649 22,085
General and administrative 7,191 8,523 26,097 30,152
Total expenses 18,772 24,385 62,628 88,914
Interest and other income, net 2,606 19,401 18,944 57,871
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $(3), $(55), $(119) and $264, respectively) (9) (321) (620) (8,597)
Gain (loss) on early extinguishment of debt 131 0 131 (6,374)
Gain on sale of properties, net 0 1,945 446,536 422,148
Income before income taxes 441 23,375 453,933 477,989
Income tax (expense) benefit (71) 521 (170) (1,119)
Net income 370 23,896 453,763 476,870
Net income attributable to noncontrolling interest (1) (10) (803) (180)
Net income attributable to Equity Commonwealth 369 23,886 452,960 476,690
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net (loss) income attributable to Equity Commonwealth common shareholders $ (1,628) $ 21,889 $ 446,969 $ 470,699
Weighted average common shares outstanding — basic (in shares) 121,673 122,140 121,824 122,075
Weighted average common shares outstanding — diluted (in shares) 121,673 123,564 126,282 125,938
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ (0.01) $ 0.18 $ 3.67 $ 3.86
Diluted (in dollars per share) (0.01) 0.18 3.59 3.79
Distributions declared per common share (in dollars per share) $ 3.50 $ 3.50 $ 3.50 $ 3.50