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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental revenue $ 12,816 $ 13,358 $ 26,709 $ 27,584
Other revenue 1,293 1,232 2,590 2,582
Total revenues 14,109 14,590 29,299 30,166
Expenses:        
Operating expenses 6,721 6,942 13,255 14,198
Depreciation and amortization 4,182 4,514 8,539 8,824
General and administrative 8,356 13,854 16,679 22,409
Total expenses 19,259 25,310 38,473 45,431
Interest and other income, net 29,770 27,352 59,282 55,728
Income before income taxes 24,620 16,632 50,108 40,463
Income tax expense (434) (796) (464) (1,876)
Net income 24,186 15,836 49,644 38,587
Net income attributable to noncontrolling interest (36) (52) (89) (118)
Net income attributable to Equity Commonwealth 24,150 15,784 49,555 38,469
Preferred distributions (1,997) (1,997) (3,994) (3,994)
Net income attributable to Equity Commonwealth common shareholders $ 22,153 $ 13,787 $ 45,561 $ 34,475
Weighted average common shares outstanding — basic (in shares) 107,416 109,839 107,316 109,779
Weighted average common shares outstanding — diluted (in shares) 108,751 111,237 108,487 111,269
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ 0.21 $ 0.13 $ 0.42 $ 0.31
Diluted (in dollars per share) 0.20 0.12 0.42 0.31
Distributions declared per common share (in dollars per share) $ 0 $ 0 $ 0 $ 4.25