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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental revenue $ 13,928 $ 13,869 $ 41,512 $ 44,135
Other revenue 1,284 1,257 3,866 3,218
Total revenues 15,212 15,126 45,378 47,353
Expenses:        
Operating expenses 6,722 6,073 20,920 17,198
Depreciation and amortization 4,436 4,451 13,260 13,176
General and administrative 7,061 7,593 29,470 23,241
Total expenses 18,219 18,117 63,650 53,615
Interest and other income, net 29,269 15,145 84,997 22,682
Gain on sale of properties, net 0 90 0 90
Income before income taxes 26,262 12,244 66,725 16,510
Income tax expense (30) (23) (1,906) (81)
Net income 26,232 12,221 64,819 16,429
Net income attributable to noncontrolling interest (86) (31) (204) (41)
Net income attributable to Equity Commonwealth 26,146 12,190 64,615 16,388
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net income attributable to Equity Commonwealth common shareholders $ 24,149 $ 10,193 $ 58,624 $ 10,397
Weighted average common shares outstanding — basic (in shares) 108,931 111,305 109,494 112,341
Weighted average common shares outstanding — diluted (in shares) 110,217 112,596 110,916 113,383
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.22 $ 0.09 $ 0.54 $ 0.09
Diluted (in dollars per share) 0.22 0.09 0.53 0.09
Distributions declared per common share (in dollars per share) $ 0 $ 1.00 $ 4.25 $ 1.00