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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental revenue $ 14,226 $ 15,840
Other revenue 1,350 846
Total revenues 15,576 16,686
Expenses:    
Operating expenses 7,256 4,533
Depreciation and amortization 4,310 4,412
General and administrative 8,555 8,002
Total expenses 20,121 16,947
Interest and other income, net 28,376 1,574
Income before income taxes 23,831 1,313
Income tax expense (1,080) (8)
Net income 22,751 1,305
Net income attributable to noncontrolling interest (66) (3)
Net income attributable to Equity Commonwealth 22,685 1,302
Preferred distributions (1,997) (1,997)
Net income (loss) attributable to Equity Commonwealth common shareholders $ 20,688 $ (695)
Weighted average common shares outstanding — basic (in shares) 109,720 113,740
Weighted average common shares outstanding — diluted (in shares) 111,300 113,740
Earnings per common share attributable to Equity Commonwealth common shareholders:    
Basic (in dollars per share) $ 0.19 $ (0.01)
Diluted (in dollars per share) 0.19 (0.01)
Distributions declared per common share (in dollars per share) $ 4.25 $ 0