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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental revenue $ 58,763 $ 54,927 $ 62,134
Other revenue 4,377 3,075 4,144
Total revenues 63,140 58,002 66,278
Expenses:      
Operating expenses 24,184 25,893 28,858
Depreciation and amortization 17,810 17,774 19,329
General and administrative 30,378 37,444 33,233
Total expenses 72,372 81,111 81,420
Interest and other income, net 46,945 6,800 21,228
Interest expense (including net amortization of debt premiums and deferred financing fees of $—, $— and $(119), respectively) 0 0 (620)
Gain on early extinguishment of debt 0 0 131
Gain on sale of properties, net 97 0 446,744
Income (loss) before income taxes 37,810 (16,309) 452,341
Income tax expense (453) (120) (248)
Net income (loss) 37,357 (16,429) 452,093
Net (income) loss attributable to noncontrolling interest (94) 33 (799)
Net income (loss) attributable to Equity Commonwealth 37,263 (16,396) 451,294
Preferred distributions (7,988) (7,988) (7,988)
Net income (loss) attributable to Equity Commonwealth common shareholders $ 29,275 $ (24,384) $ 443,306
Weighted average common shares outstanding — basic (in shares) 111,674 121,411 121,786
Weighted average common shares outstanding — diluted (in shares) 112,825 121,411 126,606
Earnings per common share attributable to Equity Commonwealth common shareholders:      
Basic (in dollars per share) $ 0.26 $ (0.20) $ 3.64
Diluted (in dollars per share) $ 0.26 $ (0.20) $ 3.56