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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenue $ 54,927 $ 62,134 $ 116,869
Other revenue 3,075 4,144 10,981
Revenues, Total 58,002 66,278 127,850
Expenses:      
Operating expenses 25,893 28,858 46,418
Depreciation and amortization 17,774 19,329 28,122
General and administrative 37,444 33,233 38,442
Total expenses 81,111 81,420 112,982
Interest and other income, net 6,800 21,228 72,392
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $—, $(119) and $204, respectively) 0 (620) (8,908)
Gain (loss) on early extinguishment of debt 0 131 (6,374)
Gain on sale of properties, net 0 446,744 422,172
(Loss) income before income taxes (16,309) 452,341 494,150
Income tax expense (120) (248) (1,284)
Net (loss) income (16,429) 452,093 492,866
Net loss (income) attributable to noncontrolling interest 33 (799) (186)
Net (loss) income attributable to Equity Commonwealth (16,396) 451,294 492,680
Preferred distributions (7,988) (7,988) (7,988)
Net (loss) income attributable to Equity Commonwealth common shareholders $ (24,384) $ 443,306 $ 484,692
Weighted average common shares outstanding — basic (in shares) 121,411 121,786 122,091
Weighted average common shares outstanding — diluted (in shares) 121,411 126,606 126,260
Earnings per common share attributable to Equity Commonwealth common shareholders:      
Basic (in dollars per share) $ (0.20) $ 3.64 $ 3.97
Diluted (in dollars per share) $ (0.20) $ 3.56 $ 3.90