XML 81 R68.htm IDEA: XBRL DOCUMENT v2.4.1.9
Equity Investments - Summary of Income Statement Information of Equity Method Investee (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
1 Months Ended 3 Months Ended 12 Months Ended 6 Months Ended
Mar. 31, 2013
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Jul. 09, 2014
Equity Investments                          
Rental income                   $ 691,699us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 763,262us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 774,600us-gaap_OperatingLeasesIncomeStatementLeaseRevenue  
Tenant reimbursements and other income                   170,158eqc_TenantReimbursementsAndOtherRealEstateRevenue 189,767eqc_TenantReimbursementsAndOtherRealEstateRevenue 186,487eqc_TenantReimbursementsAndOtherRealEstateRevenue  
Total revenues   212,808us-gaap_RealEstateRevenueNet 216,595us-gaap_RealEstateRevenueNet 215,194us-gaap_RealEstateRevenueNet 217,260us-gaap_RealEstateRevenueNet 214,028us-gaap_RealEstateRevenueNet 214,201us-gaap_RealEstateRevenueNet 262,188us-gaap_RealEstateRevenueNet 262,612us-gaap_RealEstateRevenueNet 861,857us-gaap_RealEstateRevenueNet 953,029us-gaap_RealEstateRevenueNet 961,087us-gaap_RealEstateRevenueNet  
Operating expenses                   387,982us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment 410,045us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment 397,673us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment  
General and administrative                   113,155us-gaap_GeneralAndAdministrativeExpense 80,504us-gaap_GeneralAndAdministrativeExpense 49,312us-gaap_GeneralAndAdministrativeExpense  
Total expenses                   913,741us-gaap_CostsAndExpenses 849,522us-gaap_CostsAndExpenses 682,917us-gaap_CostsAndExpenses  
Operating (loss) income                   (51,884)us-gaap_OperatingIncomeLoss 103,507us-gaap_OperatingIncomeLoss 278,170us-gaap_OperatingIncomeLoss  
Interest and other income                   1,561us-gaap_InterestAndOtherIncome 1,229us-gaap_InterestAndOtherIncome 1,410us-gaap_InterestAndOtherIncome  
Interest expense                   (143,230)us-gaap_InterestExpense (173,011)us-gaap_InterestExpense (202,055)us-gaap_InterestExpense  
Gain (loss) on early extinguishment of debt (60,000)us-gaap_GainsLossesOnExtinguishmentOfDebt                 4,909us-gaap_GainsLossesOnExtinguishmentOfDebt (60,052)us-gaap_GainsLossesOnExtinguishmentOfDebt (287)us-gaap_GainsLossesOnExtinguishmentOfDebt  
(Loss) income from continuing operations before income tax expense and equity in earnings of investees                   (63)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (62,034)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 84,484us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments  
Income tax (expense) benefit                   (3,191)us-gaap_IncomeTaxExpenseBenefit (2,634)us-gaap_IncomeTaxExpenseBenefit (3,207)us-gaap_IncomeTaxExpenseBenefit  
Equity in earnings of an investee                   24,460us-gaap_IncomeLossFromEquityMethodInvestments 25,754us-gaap_IncomeLossFromEquityMethodInvestments 11,420us-gaap_IncomeLossFromEquityMethodInvestments  
Income (loss) from continuing operations                   21,206us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (38,914)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 92,697us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest  
Net income (loss)                   24,012us-gaap_ProfitLoss (156,967)us-gaap_ProfitLoss (79,845)us-gaap_ProfitLoss  
GOV                          
Equity Investments                          
Rental income                       203,700us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Operating expenses                       75,326us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Depreciation and amortization                       49,070us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Acquisition related costs                       1,614us-gaap_AcquisitionCosts
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
General and administrative                       11,924us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Total expenses                       137,934us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Operating (loss) income                       65,766us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Interest and other income                       29us-gaap_InterestAndOtherIncome
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Interest expense                       (16,892)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
(Loss) income from continuing operations before income tax expense and equity in earnings of investees                       48,903us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Income tax (expense) benefit                       (159)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Equity in earnings of an investee                       316us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Income (loss) from continuing operations                       49,060us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Income from discontinued operations                       900us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Net income (loss)                       49,960us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Weighted average common shares outstanding (in shares)                       48,617us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Income from continuing operations (in dollars per share)                       $ 1.01us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Income from discontinued operations (in dollars per share)                       $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
Net income per common share (in dollars per share)                       $ 1.03us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= eqc_GovernmentPropertiesIncomeTrustMember
 
SIR                          
Equity Investments                          
Rental income                     159,011us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
105,559us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
98,226us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Tenant reimbursements and other income                     29,312eqc_TenantReimbursementsAndOtherRealEstateRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
17,231eqc_TenantReimbursementsAndOtherRealEstateRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
16,980eqc_TenantReimbursementsAndOtherRealEstateRevenue
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Total revenues                     188,323us-gaap_RealEstateRevenueNet
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
122,790us-gaap_RealEstateRevenueNet
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
115,206us-gaap_RealEstateRevenueNet
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Operating expenses                     36,382us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
23,796us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
20,982us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Depreciation and amortization                     31,091us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
14,860us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
20,832us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Acquisition related costs                     2,002us-gaap_AcquisitionCosts
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
2,470us-gaap_AcquisitionCosts
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
374us-gaap_AcquisitionCosts
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
General and administrative                     12,423us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
8,203us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
7,731us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Total expenses                     81,898us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
49,329us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
49,919us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Operating (loss) income                     106,425us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
73,461us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
65,287us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Interest expense                     (13,763)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
(7,565)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
(7,287)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Gain (loss) on early extinguishment of debt                     0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
243us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
(Loss) income from continuing operations before income tax expense and equity in earnings of investees                     92,662us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
65,896us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
58,243us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Income tax (expense) benefit                     96us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
(290)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
(90)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Equity in earnings of an investee                     334us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
269us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
32us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Net income (loss)                     $ 93,092us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
$ 65,875us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
$ 58,185us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Weighted average common shares outstanding (in shares)                     44,565us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
27,122us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
52,394us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
Net income per common share (in dollars per share)                     $ 2.09us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
$ 2.43us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember
$ 1.11us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= eqc_SelectIncomeREITMember