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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental income $ 172,407 $ 210,013 $ 344,447 $ 421,313
Tenant reimbursements and other income 42,787 52,175 88,007 103,487
Total revenues 215,194 262,188 432,454 524,800
Expenses:        
Operating expenses 92,701 104,105 194,432 208,235
Depreciation and amortization 59,831 63,459 111,480 126,029
General and administrative 24,097 21,049 48,945 37,712
Loss on asset impairment 22,683   17,922  
Acquisition related costs   145 5 773
Total expenses 199,312 188,758 372,784 372,749
Operating income 15,882 73,430 59,670 152,051
Interest and other income 281 249 665 704
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of ($300), $265, ($609) and $873, respectively) (37,899) (43,320) (75,834) (95,216)
Loss on early extinguishment of debt       (60,027)
(Loss) gain on sale of equity investments (33)   (33) 66,293
Gain on issuance of shares by an equity investee 16,911   17,020  
(Loss) income from continuing operations before income tax expense and equity in earnings of investees (4,858) 30,359 1,488 63,805
Income tax expense (908) (754) (1,463) (1,742)
Equity in earnings of investees 12,454 159 23,388 4,421
Income from continuing operations 6,688 29,764 23,413 66,484
Discontinued operations:        
Income from discontinued operations 4,114 1,643 8,125 1,637
Loss on asset impairment from discontinued operations (2,072) (4,589) (2,360) (8,535)
Loss on early extinguishment of debt from discontinued operations (3,345)   (3,345)  
Net gain on sale of properties from discontinued operations   2,099   3,359
Income before gain on sale of properties 5,385 28,917 25,833 62,945
Gain on sale of properties       1,596
Net income 5,385 28,917 25,833 64,541
Net income attributable to noncontrolling interest in consolidated subsidiary   (10,028)   (19,985)
Net income attributable to Equity Commonwealth 5,385 18,889 25,833 44,556
Preferred distributions (6,982) (11,151) (18,133) (22,302)
Distribution on conversion of preferred shares (16,205)   (16,205)  
Net (loss) income (17,802) 7,738 (8,505) 22,254
Amounts attributable to Equity Commonwealth common shareholders:        
(Loss) income from continuing operations (16,499) 8,585 (10,925) 25,793
Income from discontinued operations 4,114 1,643 8,125 1,637
Loss on asset impairment from discontinued operations (2,072) (4,589) (2,360) (8,535)
Loss on early extinguishment of debt from discontinued operations (3,345)   (3,345)  
Net gain on sale of properties from discontinued operations   2,099   3,359
Net (loss) income $ (17,802) $ 7,738 $ (8,505) $ 22,254
Weighted average common shares outstanding - basic and diluted (in shares) 123,812 118,309 121,121 106,298
Basic and diluted earnings per common share attributable to Equity Commonwealth common shareholders:        
(Loss) income from continuing operations (in dollars per share) $ (0.13) $ 0.07 $ (0.09) $ 0.24
(Loss) income from discontinued operations (in dollars per share) $ (0.01) $ (0.01) $ 0.02 $ (0.03)
Net (loss) income available for common shareholders (in dollars per share) $ (0.14) $ 0.07 $ (0.07) $ 0.21
Distributions declared per common share (in dollars per share)   $ 0.25 $ 0.25 $ 0.50