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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Rental income $ 255,374 $ 217,938 $ 506,620 $ 428,611
Expenses:        
Operating expenses 108,093 90,623 212,183 181,020
Depreciation and amortization 63,552 50,394 124,903 102,683
General and administrative 13,364 11,624 25,674 22,583
Acquisition related costs 1,434 2,358 3,936 4,917
Total expenses 186,443 154,999 366,696 311,203
Operating income 68,931 62,939 139,924 117,408
Interest and other income 413 367 701 1,075
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $1,005, $1,920, $1,751 and $3,952, respectively) (50,237) (48,200) (99,343) (95,614)
Loss on early extinguishment of debt (1,608)   (1,675)  
Equity in earnings of investees 2,829 2,910 5,787 5,622
Income from continuing operations before income tax expense 20,328 18,016 45,394 28,491
Income tax expense (92) (90) (584) (436)
Income from continuing operations 20,236 17,926 44,810 28,055
Discontinued operations:        
Income from discontinued operations   2,038   3,949
Net gain on sale of properties from discontinued operations       34,572
Income before gain on sale of properties 20,236 19,964 44,810 66,576
Gain on sale of properties 350   350  
Net income 20,586 19,964 45,160 66,576
Net income attributable to noncontrolling interest (4,521)   (5,415)  
Net income attributable to CommonWealth REIT 16,065 19,964 39,745 66,576
Preferred distributions (13,823) (10,500) (27,646) (19,339)
Net income available for CommonWealth REIT common shareholders 2,242 9,464 12,099 47,237
Amounts attributable to CommonWealth REIT common shareholders:        
Income from continuing operations 2,242 7,426 12,099 8,716
Income from discontinued operations   2,038   3,949
Net gain on sale of properties from discontinued operations       34,572
Net income available for CommonWealth REIT common shareholders $ 2,242 $ 9,464 $ 12,099 $ 47,237
Weighted average common shares outstanding -- basic (in shares) 83,727 72,144 83,724 72,142
Weighted average common shares outstanding -- diluted (in shares) 83,727 72,144 83,724 72,142
Basic and diluted earnings per common share attributable to CommonWealth REIT common shareholders:        
Income from continuing operations (in dollars per share) $ 0.03 $ 0.10 $ 0.14 $ 0.12
Income from discontinued operations (in dollars per share)   $ 0.03   $ 0.53
Net income available for common shareholders (in dollars per share) $ 0.03 $ 0.13 $ 0.14 $ 0.65