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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental revenue $ 13,141 $ 15,742 $ 41,424 $ 48,133
Other revenue 740 743 2,183 3,437
Total revenues 13,881 16,485 43,607 51,570
Expenses:        
Operating expenses 6,102 6,444 19,311 21,882
Depreciation and amortization 4,588 5,137 13,371 14,649
General and administrative 7,572 7,191 30,691 26,097
Total expenses 18,262 18,772 63,373 62,628
Interest and other income, net 1,599 2,606 5,068 18,944
Interest expense (including net amortization of debt premiums and deferred financing fees of $—, $(3), $— and $(119), respectively) 0 (9) 0 (620)
Gain on early extinguishment of debt 0 131 0 131
Gain on sale of properties, net 0 0 0 446,536
(Loss) income before income taxes (2,782) 441 (14,698) 453,933
Income tax expense (32) (71) (94) (170)
Net (loss) income (2,814) 370 (14,792) 453,763
Net loss (income) attributable to noncontrolling interest 6 (1) 30 (803)
Net (loss) income attributable to Equity Commonwealth (2,808) 369 (14,762) 452,960
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net (loss) income attributable to Equity Commonwealth common shareholders $ (4,805) $ (1,628) $ (20,753) $ 446,969
Weighted average common shares outstanding — basic (in shares) 122,190 121,673 122,128 121,824
Weighted average common shares outstanding — diluted (in shares) 122,190 121,673 122,128 126,282
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ (0.04) $ (0.01) $ (0.17) $ 3.67
Diluted (in dollars per share) (0.04) (0.01) (0.17) 3.59
Distributions declared per common share (in dollars per share) $ 0 $ 3.50 $ 0 $ 3.50