Segment Information

12 Months Ended

Dec. 31, 2015

Segment Information

Segment Information

Note 12. Segment Information

We operate in twobusiness segments: ownership of properties that are primarily leased to government tenants and our equity method investment in SIR:

	Year Ended December 31, 2015
	Investment		Investment
	in Real Estate		in SIR		Corporate		Consolidated
Rental income	$	248,549	$	—	$	—	$	248,549
Expenses:
Real estate taxes		29,906		—		—		29,906
Utility expenses		17,916		—		—		17,916
Other operating expenses		50,425		—		—		50,425
Depreciation and amortization		68,696		—		—		68,696
Acquisition related costs		561		—		250		811
General and administrative		—		—		14,826		14,826
Total expenses		167,504		—		15,076		182,580
Operating income (loss)		81,045		—		(15,076)		65,969
Dividend income		—		—		811		811
Interest income		10		—		4		14
Interest expense		(7,908)		—		(29,100)		(37,008)
Gain on early extinguishment of debt		34		—		—		34
Loss on distribution to common shareholders of The RMR Group Inc. common stock		—		—		(12,368)		(12,368)
Loss on issuance of shares by Select Income REIT		—		(42,145)		—		(42,145)
Loss on impairment of Select Income REIT investment		—		(203,297)		—		(203,297)
Income (loss) from continuing operations before income taxes and
equity in earnings of investees		73,181		(245,442)		(55,729)		(227,990)
Income tax expense		—		—		(86)		(86)
Equity in earnings of investees		—		18,620		20		18,640
Income (loss) from continuing operations		73,181		(226,822)		(55,795)		(209,436)
Loss from discontinued operations		(525)		—		—		(525)
Net income (loss)	$	72,656	$	(226,822)	$	(55,795)	$	(209,961)
	As of December 31, 2015
	Investment		Investment
	in Real Estate		in SIR		Corporate		Consolidated
Total Assets	$	1,639,806	$	491,369	$	43,361	$	2,174,536

	Year Ended December 31, 2014
	Investment		Investment
	in Real Estate		in SIR		Corporate		Consolidated
Rental income	$	251,031	$	—	$	—	$	251,031
Expenses:
Real estate taxes		28,389		—		—		28,389
Utility expenses		19,369		—		—		19,369
Other operating expenses		45,982		—		—		45,982
Depreciation and amortization		66,593		—		—		66,593
Loss on impairment of real estate		2,016		—		—		2,016
Acquisition related costs		1,344		—		—		1,344
General and administrative		—		—		15,809		15,809
Total expenses		163,693		—		15,809		179,502
Operating income (loss)		87,338		—		(15,809)		71,529
Interest and other income		—		—		69		69
Interest expense		(7,820)		—		(20,228)		(28,048)
Loss on early extinguishment of debt		—		—		(1,307)		(1,307)
Loss on issuance of shares by Select Income REIT		—		(53)				(53)
Income (loss) from continuing operations before income taxes and
equity in earnings of investees		79,518		(53)		(37,275)		42,190
Income tax expense		—		—		(117)		(117)
Equity in earnings of investees		—		10,876		87		10,963
Income (loss) from continuing operations		79,518		10,823		(37,305)		53,036
Income from discontinued operations		3,498		—		—		3,498
Net income (loss)	$	83,016	$	10,823	$	(37,305)	$	56,534
	As of December 31, 2014
	Investment		Investment
	in Real Estate		in SIR		Corporate		Consolidated
Total Assets	$	1,714,130	$	680,137	$	33,348	$	2,427,615