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Quarterly Information (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Table Text Block]
2019
First Quarter (1)
 
Second Quarter
 
Third Quarter (2)
 
Fourth Quarter (3)
 
(In thousands, except per share data)
Total revenue
$
155,199

 
$
160,617

 
$
167,077

 
$
164,877

Net income (loss)
28,248

 
(3,328
)
 
10,532

 
38,692

Net income (loss) attributable to common shareholders
24,861

 
(3,040
)
 
9,360

 
34,390

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
0.20

 
(0.03
)
 
0.06

 
0.25

Diluted
0.20

 
(0.03
)
 
0.06

 
0.25

_______________

(1) 
During the first quarter of 2019, we recognized a gain on the sale of real estate of $39.0 million from the sale of Commerce Executive/Commerce Metro Land.
(2) 
During the third quarter of 2019, we recognized a gain on the sale of real estate of $8.1 million from the sale of 1600 K Street.
(3) 
During the fourth quarter of 2019, we recognized an aggregate gain on the sale of real estate of $57.9 million, from the sale of Vienna Retail, and the partial sale and remeasurement of our remaining interest subsequent to the transfer of control in the real estate venture that owns Central Place Tower. Additionally, during the fourth quarter of 2019, we incurred an impairment charge of $10.2 million and certain additional expenses related to the relocation of our corporate headquarters.

2018
First Quarter
 
Second Quarter (1)
 
Third Quarter (2)
 
Fourth Quarter (3)
 
(In thousands, except per share data)
Total revenue
$
163,037

 
$
159,447

 
$
158,443

 
$
163,255

Net income (loss)
(4,786
)
 
24,023

 
26,382

 
994

Net income (loss) attributable to common shareholders
(4,190
)
 
20,574

 
22,830

 
710

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
(0.04
)
 
0.17

 
0.19

 
(0.01
)
Diluted
(0.04
)
 
0.17

 
0.19

 
(0.01
)
____________

(1) 
During the second quarter of 2018, we recognized an aggregate gain on the sale of real estate of $33.4 million from the sale of Summit I and II and the Bowen Building, a reduction to the gain on bargain purchase of $7.6 million related to the final adjustments to the fair value of certain asset acquired and liabilities assumed in the Formation Transaction and a loss on the extinguishment of debt of $4.5 million.
(2) 
During the third quarter of 2018, we recognized a gain of $15.5 million related to the sale of our interest in a real estate venture that owned the Investment Building and a gain on the sale of real estate of $11.9 million from the sale of Executive Tower.
(3) 
During the fourth quarter of 2018, we recognized a gain of $20.6 million from the sale of The Warner by our unconsolidated real estate venture with CPPIB, transaction and other costs of $15.6 million related to expenses incurred in connection with the Formation Transaction (including transition services provided by our former parent, integration costs, and severance costs), costs related to the pursuit of Amazon's additional headquarter, and costs related to other completed, potential and pursued transactions, and an aggregate gain on the sale of real estate of $6.4 million, from the sale of 1233 20th Street and the out-of-service portion of Falkland Chase - North.