Equity Investment in Select Income REIT (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents summarized income statement data of SIR:



	Nine Months Ended September 30, 2018			Year Ended December 31, 2017
Revenues:
Rental income	$	298,003		$	392,285
Tenant reimbursements and other income	60,514			75,818
Total revenues	358,517			468,103

Expenses:
Real estate taxes	36,748			44,131
Other operating expenses	43,714			55,567
Depreciation and amortization	105,326			137,672
Acquisition and transaction related costs	3,796			1,075
General and administrative	47,353			54,909
Write-off of straight line rent receivable, net	10,626			12,517
Loss on asset impairment	—			4,047
Loss on impairment of real estate assets	9,706			229
Total expenses	257,269			310,147

Gain on sale of real estate	4,075			—
Dividend income	1,190			1,587
Unrealized gain on equity securities	53,159			—
Interest income	753			91
Interest expense	(69,446		)	(92,870		)
Loss on early extinguishment of debt	(1,192		)	—
Income before income tax expense and equity in earnings of an investee	89,787			66,764
Income tax expense	(446		)	(466		)
Equity in earnings of an investee	882			608
Net income	90,223			66,906
Net income allocated to noncontrolling interest	(15,841		)	—
Net income attributed to SIR	$	74,382		$	66,906

Weighted average common shares outstanding (basic)	89,395			89,351
Weighted average common shares outstanding (diluted)	89,411			89,370
Net income attributed to SIR per common share (basic and diluted)	$	0.83		$	0.75