Equity Investment in Select Income REIT (Tables) - SIR

3 Months Ended

Mar. 31, 2016

Schedule Of Summarized Balance Sheet Information Of Equity Method Investee Table Text Block

	March 31,		December 31,
	2016		2015
Real estate properties, net	$	3,936,299	$	3,954,889
Acquired real estate leases, net		550,664		566,195
Cash and cash equivalents		31,294		17,876
Rents receivable, net		106,741		99,307
Other assets, net		67,812		46,078
Total assets	$	4,692,810	$	4,684,345
Unsecured revolving credit facility	$	328,000	$	303,000
Unsecured term loan, net		348,000		347,876
Senior unsecured notes, net		1,427,169		1,426,025
Mortgage notes payable, net		286,516		286,706
Assumed real estate lease obligations, net		84,255		86,495
Other liabilities		117,793		137,283
Shareholders' equity		2,101,077		2,096,960
Total liabilities and shareholders' equity	$	4,692,810	$	4,684,345

Schedule Of Summarized Income Statement Information Of Equity Method Investee Table Text Block

	Three Months Ended March 31,
	2016		2015
Rental income	$	97,860	$	80,478
Tenant reimbursements and other income		19,372		13,937
Total revenues		117,232		94,415
Real estate taxes		10,288		8,357
Other operating expenses		12,958		9,007
Depreciation and amortization		33,469		24,719
Acquisition related costs		58		20,539
General and administrative		6,976		6,792
Total expenses		63,749		69,414
Operating income		53,483		25,001
Interest expense		(20,609)		(14,179)
Loss on early extinguishment of debt		—		(6,845)
Income before income tax expense and equity in earnings of an investee		32,874		3,977
Income tax expense		(139)		(31)
Equity in earnings of an investee		77		72
Net income		32,812		4,018
Net income allocated to noncontrolling interest		(33)		(41)
Net income attributed to SIR	$	32,779	$	3,977
Weighted average common shares outstanding (basic)		89,286		79,489
Weighted average common shares outstanding (diluted)		89,295		79,498
Net income attributed to SIR per common share (basic and diluted)	$	0.37	$	0.05