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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental revenue $ 13,358 $ 14,426 $ 27,584 $ 30,266
Other revenue 1,232 1,115 2,582 1,961
Total revenues 14,590 15,541 30,166 32,227
Expenses:        
Operating expenses 6,942 6,592 14,198 11,125
Depreciation and amortization 4,514 4,313 8,824 8,725
General and administrative 13,854 7,646 22,409 15,648
Total expenses 25,310 18,551 45,431 35,498
Interest and other income, net 27,352 5,963 55,728 7,537
Income before income taxes 16,632 2,953 40,463 4,266
Income tax expense (796) (50) (1,876) (58)
Net income 15,836 2,903 38,587 4,208
Net income attributable to noncontrolling interest (52) (7) (118) (10)
Net income attributable to Equity Commonwealth 15,784 2,896 38,469 4,198
Preferred distributions (1,997) (1,997) (3,994) (3,994)
Net income attributable to Equity Commonwealth common shareholders $ 13,787 $ 899 $ 34,475 $ 204
Weighted average common shares outstanding — basic (in shares) 109,839 112,005 109,779 112,868
Weighted average common shares outstanding — diluted (in shares) 111,237 113,380 111,269 113,785
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.13 $ 0.01 $ 0.31 $ 0.00
Diluted (in dollars per share) 0.12 0.01 0.31 0.00
Distributions declared per common share (in dollars per share) $ 0 $ 0 $ 4.25 $ 0