Equity Investment in Select Income REIT (Tables) - SIR

6 Months Ended

Jun. 30, 2016

Schedule Of Summarized Balance Sheet Information Of Equity Method Investee

	June 30,		December 31,
	2016		2015
Real estate properties, net	$	3,920,333	$	3,954,889
Acquired real estate leases, net		535,235		566,195
Cash and cash equivalents		10,815		17,876
Rents receivable, net		110,285		99,307
Other assets, net		73,125		46,078
Total assets	$	4,649,793	$	4,684,345
Unsecured revolving credit facility	$	280,000	$	303,000
Unsecured term loan, net		348,124		347,876
Senior unsecured notes, net		1,428,201		1,426,025
Mortgage notes payable, net		286,326		286,706
Assumed real estate lease obligations, net		82,044		86,495
Other liabilities		128,462		137,283
Shareholders' equity		2,096,636		2,096,960
Total liabilities and shareholders' equity	$	4,649,793	$	4,684,345

Schedule Of Summarized Income Statement Information Of Equity Method Investee

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Rental income	$	96,615	$	92,166	$	194,475	$	172,644
Tenant reimbursements and other income		18,289		15,048		37,661		28,985
Total revenues		114,904		107,214		232,136		201,629
Real estate taxes		10,522		9,019		20,810		17,376
Other operating expenses		12,635		9,801		25,593		18,808
Depreciation and amortization		33,405		32,390		66,874		57,109
Acquisition related costs		—		779		58		21,318
General and administrative		7,374		6,368		14,350		13,160
Total expenses		63,936		58,357		127,685		127,771
Operating income		50,968		48,857		104,451		73,858
Dividend income		475		—		475		—
Interest expense		(20,584)		(19,497)		(41,193)		(33,676)
Loss on early extinguishment of debt		—		—		—		(6,845)
Income before income tax expense and equity in earnings of an investee		30,859		29,360		63,733		33,337
Income tax expense		(124)		(195)		(263)		(226)
Equity in earnings of an investee		17		23		94		95
Net income		30,752		29,188		63,564		33,206
Net income allocated to noncontrolling interest		—		(48)		(33)		(89)
Net income attributed to SIR	$	30,752	$	29,140	$	63,531	$	33,117
Weighted average common shares outstanding (basic)		89,292		88,617		89,289		84,078
Weighted average common shares outstanding (diluted)		89,315		88,631		89,306		84,090
Net income attributed to SIR per common share (basic and diluted)	$	0.34	$	0.33	$	0.71	$	0.39