Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Shareholders' Equity

Shareholders' Equity

Note 9.   Shareholders’ Equity

Distributions

On February 25, 2016, we paid a regular quarterly distribution to common shareholders of record on January 22, 2016 of $0.43 per share, or $30,584.

On April 13, 2016, we declared a regular quarterly distribution payable to common shareholders of record on April 25, 2016, in the amount of $0.43 per share, or $30,584.We expect to pay this distribution on or about May 23, 2016 using cash on hand and borrowings under our unsecured revolving credit facility.

Cumulative Other Comprehensive Income (Loss)

Cumulative other comprehensive income (loss) represents the unrealized gain on the RMR Inc. shares we own and our share of the comprehensive income (loss) of Select Income REIT, or SIR, and Affiliates Insurance Company, or AIC. The following table presents changes in the amounts we recognized in cumulative other comprehensive income (loss) by component for the three months ended March 31, 2016:

		Unrealized Gain (Loss)		Equity in
		on Investment in		Unrealized Gain
		Available for		(Loss) of
		Sale Securities		Investees	Total
Balance at December 31, 2015	$	(9,391)	$	(5,476)	$	(14,867)
Other comprehensive income before reclassifications		12,871		4,545		17,416
Amounts reclassified from cumulative other comprehensive income (loss) to net income (1)		-		(1)		(1)
Net current period other comprehensive income		12,871		4,544		17,415
Balance at March 31, 2016	$	3,480	$	(932)	$	2,548

⁽¹⁾ Amounts reclassified from cumulative other comprehensive income (loss) are included in equity in earnings (losses) of investees in our condensed consolidated statements of comprehensive income (loss).