Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (amounts in thousands except per share amounts):

	Three Months Ended March 31,
	2024
Numerator for earnings per common share - basic:
Net income	$	25,458
Net income attributable to noncontrolling interest	(53)
Preferred distributions	(1,997)
Numerator for net income per share - basic	$	23,408
Numerator for earnings per common share - diluted:
Net income	$	25,458
Net income attributable to noncontrolling interest	(53)
Preferred distributions	(1,997)
Numerator for net income per share - diluted	$	23,408
Denominator for earnings per common share - basic and diluted:
Weighted average number of common shares outstanding - basic(1)	107,216
RSUs(2)	898
LTIP Units(3)	110
Weighted average number of common shares outstanding - diluted	108,224
Net income per common share attributable to Equity Commonwealth common shareholders:
Basic	$	0.22
Diluted	$	0.22
Anti-dilutive securities(4):
Effect of Series D preferred shares; 6.50% cumulative convertible	4,032
Effect of OP Units and time-based LTIP Units(5)	223

(1) The three months ended March 31, 2024, include 129 weighted-average, unvested, earned RSUs.

(2) Represents the weighted-average number of common shares that would have been issued if the quarter-end was the measurement date for unvested, unearned RSUs.

(3) Represents the weighted-average dilutive shares issuable from market-based LTIP Units if the quarter-end was the measurement date for the period shown.

(4) These securities are excluded from the diluted earnings per share calculation for the period presented because including them results in anti-dilution.

(5) Beneficial interests in the Operating Trust.