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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental revenue $ 17,143 $ 38,890
Other revenue 1,677 2,862
Total revenues 18,820 41,752
Expenses:    
Operating expenses 8,761 15,780
Depreciation and amortization 5,114 8,585
General and administrative 10,604 12,096
Total expenses 24,479 36,461
Interest and other income, net 11,895 17,775
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $(56) and $165, respectively) (309) (4,206)
Gain on sale of properties, net 419,620 193,037
Income before income taxes 425,547 211,897
Income tax expense (40) (1,300)
Net income 425,507 210,597
Net income attributable to noncontrolling interest (748) (79)
Net income attributable to Equity Commonwealth 424,759 210,518
Preferred distributions (1,997) (1,997)
Net income attributable to Equity Commonwealth common shareholders $ 422,762 $ 208,521
Weighted average common shares outstanding — basic (in shares) 122,148 121,960
Weighted average common shares outstanding — diluted (in shares) 126,605 125,822
Earnings per common share attributable to Equity Commonwealth common shareholders:    
Basic (in dollars per share) $ 3.46 $ 1.71
Diluted (in dollars per share) $ 3.35 $ 1.67