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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental revenue $ 12,782 $ 13,928 $ 39,491 $ 41,512
Other revenue 1,206 1,284 3,796 3,866
Total revenues 13,988 15,212 43,287 45,378
Expenses:        
Operating expenses 6,863 6,722 20,118 20,920
Depreciation and amortization 4,214 4,436 12,753 13,260
General and administrative 8,886 7,061 25,565 29,470
Loss on asset impairment 50,226 0 50,226 0
Total expenses 70,189 18,219 108,662 63,650
Interest and other income, net 29,996 29,269 89,278 84,997
(Loss) income before income taxes (26,205) 26,262 23,903 66,725
Income tax expense (22) (30) (486) (1,906)
Net (loss) income (26,227) 26,232 23,417 64,819
Net loss (income) attributable to noncontrolling interest 38 (86) (51) (204)
Net (loss) income attributable to Equity Commonwealth (26,189) 26,146 23,366 64,615
Preferred distributions (1,997) (1,997) (5,991) (5,991)
Net (loss) income attributable to Equity Commonwealth common shareholders $ (28,186) $ 24,149 $ 17,375 $ 58,624
Weighted average common shares outstanding — basic (in shares) 107,456 108,931 107,363 109,494
Weighted average common shares outstanding — diluted (in shares) 107,456 110,217 108,391 110,916
Earnings per common share attributable to Equity Commonwealth common shareholders:        
Basic (in dollars per share) $ (0.26) $ 0.22 $ 0.16 $ 0.54
Diluted (in dollars per share) (0.26) 0.22 0.16 0.53
Distributions declared per common share (in dollars per share) $ 0 $ 0 $ 0 $ 4.25