OFFICE PROPERTIES INCOME TRUST GOV Income Statement

Office properties income trust (GOV)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
678,404	426,560	316,532	-	-	-	-	-	-	-	-
Rental income
-	-	-	258,180	248,549	251,031	226,910	203,700	168,074	116,345	79,161
Expenses:
Real estate taxes
73,717	49,708	37,942	30,703	29,906	28,389	25,710	22,485	18,426	12,093	8,546
Utility expenses
34,302	26,425	20,998	17,269	-	-	-	-	-	-	-
Utility expenses
-	-	-	-	-	19,369	17,116	15,767	13,918	8,929	6,325
Other operating expenses
120,943	89,610	65,349	54,290	50,425	45,982	41,134	37,074	29,773	19,746	12,436
Depreciation and amortization
289,885	162,488	109,588	73,153	68,696	66,593	55,699	49,070	37,776	24,063	15,172
Loss on impairment of real estate
22,255	8,630	9,490	0	0	2,016	-	-	-	-	-
Acquisition and transaction related costs
682	14,508	0	1,191	811	1,344	2,439	1,614	3,504	5,582	1,032
General and administrative
32,728	24,922	18,847	14,897	14,826	15,809	12,710	11,924	10,469	7,007	4,058
Total expenses
574,512	376,291	262,214	191,503	182,580	179,502	154,808	137,934	113,866	77,420	47,569
Income (loss) before gain on sale of real estate
-	-	-	-	-209,961	56,534	-	-	-	-	-
Gain on sale of real estate
105,131	20,661	0	79	0	0	-	-	-	-	-
Operating income
-	-	-	-	65,969	71,529	72,102	65,766	54,208	38,925	31,592
Dividend income
1,960	1,337	1,216	971	811	0	-	-	-	-	-
Gain on equity securities
-44,007	-7,552	0	0	-	-	-	-	-	-	-
Interest income
1,045	639	1,962	158	14	69	37	29	104	103	53
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,283 and $2,841, respectively)
134,880	89,865	65,406	45,060	37,008	28,048	16,831	16,892	12,057	7,351	5,556
Loss on early extinguishment of debt
-769	-709	-1,715	104	34	-1,307	-	-	-	-3,786	-
Loss on distribution to common shareholders of The RMR Group Inc. common stock
-	-	-	-	-12,368	0	-	-	-	-	-
Net gain on issuance of shares by Select Income REIT
-	-	-	-	-	-53	-	-	-	-	-
Loss on impairment of Select Income REIT investment
-	-	-	-	-	0	-	-	-	-	-
Income before income tax expense and equity in net losses of investees
32,372	-25,220	-9,625	22,929	17,452	42,190	55,308	48,903	42,255	27,890	26,074
Income tax expense
778	117	101	101	86	117	133	159	203	167	93
Equity in net losses of investees
-1,259	-2,269	-13	137	20	10,963	334	316	139	-1	-15
Income (loss) from continuing operations
30,335	-27,606	-9,739	22,965	17,386	53,036	55,509	49,060	42,191	27,723	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
0	5,722	21,829	34,878	-227,347	3,498	-889	900	3,806	72	-
Net income
30,335	-21,884	12,090	57,843	-209,961	-	-	-	-	-	-
Unrealized loss on financial instrument
-	0	0	-	-	-	-	-	-	-	-
Other comprehensive income (loss):
Other comprehensive income (loss):
Unrealized gain on equity securities
0	0	24,042	-	-	-	-	-	-	-	-
Unrealized loss on financial instrument
-200	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on financial instrument
-	-	-	30,465	-9,391	-	-	-	-	-	-
Unrealized gain on investment in equity securities
-	-	-	-	-	0	-	-	-	-	-
Equity in unrealized gain (loss) of investees
-106	-40	9,428	11,359	-5,513	-12	-50	22	75	2	-
Other comprehensive loss
-306	-40	33,470	41,824	-14,904	-12	-50	22	75	2	-
Comprehensive income
30,029	-21,924	45,560	99,667	-224,865	56,522	54,570	49,982	46,072	27,797	-
Net Income (Loss) Attributable to Parent
30,335	-21,884	12,090	57,843	-209,961	-	-	-	-	-	-
Preferred units of limited partnership distributions
0	371	275	0	0	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
30,335	-22,255	11,815	57,843	-209,961	56,534	54,620	49,960	45,997	27,795	25,981
Weighted Average Number of Shares Outstanding, Basic
48,062	24,830	21,158	17,763	70,700	61,313	54,606	48,558	43,368	34,341	15,082
Weighted Average Number of Shares Outstanding, Diluted
48,062	24,830	21,158	17,768	70,700	61,399	54,685	48,644	-	-	-
Per common share amounts (basic and diluted):
Income (loss) from continuing operations (in dollars per share)
0.63	-1.13	-0.47	1.29	0.25	-	-	-	-	-	-
Income (loss) from continuing operations (basic) (in dollars per share)
-	-	-	-	-	0.87	1.02	1.01	0.97	0.81	-
Income (loss) from continuing operations (diluted) (in dollars per share)
-	-	-	-	-	0.86	1.02	1.01	-	-	-
Income from discontinued operations (in dollars per share)
0.00	0.23	1.03	1.96	-3.22	0.06	-0.02	0.02	-	-	-
Net income (in dollars per share)
0.63	-0.90	0.56	3.26	-2.97	0.92	1.00	1.03	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	0.09	-	-
Basic net income attributed to SIR per common share (in dollars per share)
-	-	-	-	-	-	-	-	1.06	0.81	1.72