OFFICE PROPERTIES INCOME TRUST GOV Income Statement

Office properties income trust (GOV)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Rental income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	355,953	-	275,392	269,691	263,865	258,180	253,835	251,449	249,501	248,549	251,489	253,555	253,870	251,031	244,677	236,920	230,426	226,910	220,108	216,133	210,007	203,700	193,081	186,544	178,843	168,074	157,970	138,021	0	0	0
Expenses:
Real estate taxes
72,132	73,717	67,670	60,918	55,136	49,708	50,363	47,153	42,729	37,942	32,873	31,602	31,227	30,703	29,897	30,041	30,149	29,906	30,203	29,495	28,987	28,389	27,655	26,883	26,201	25,710	24,669	23,912	23,327	22,485	21,355	20,710	19,448	18,426	17,239	15,150	0	0	0
Utility expenses
31,933	34,302	32,303	30,568	29,116	26,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utility expenses
-	-	-	-	-	-	-	-	-	-	-	-	17,701	-	17,480	17,191	17,519	-	18,063	18,196	18,244	19,369	19,124	19,152	18,963	17,116	16,506	15,952	15,885	15,767	14,821	14,395	14,142	13,918	14,258	11,616	0	0	0
Other operating expenses
116,687	120,943	113,593	105,002	96,909	89,610	87,524	80,606	74,194	65,349	58,305	57,292	55,371	54,290	53,775	52,202	51,126	50,425	49,077	48,481	47,151	45,982	45,432	43,916	42,854	41,134	39,192	38,194	37,628	37,074	34,869	33,591	31,619	29,773	27,221	23,291	0	0	0
Depreciation and amortization
275,307	289,885	259,417	227,047	195,805	162,488	177,083	155,295	133,287	109,588	80,389	78,012	75,334	73,153	71,734	70,491	69,805	68,696	69,014	69,489	68,381	66,593	63,992	60,388	57,800	55,699	53,589	52,094	50,486	49,070	46,356	44,198	41,300	37,776	34,183	29,205	0	0	0
Loss on impairment of real estate
19,051	22,255	16,935	8,414	5,718	8,630	15,060	15,290	15,606	9,490	230	0	0	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and transaction related costs
98	682	11,377	15,190	15,092	14,508	3,813	0	0	-	0	-	-	1,191	715	838	957	811	513	353	841	1,344	2,028	3,480	2,914	2,439	2,258	1,459	1,599	1,614	1,715	1,960	2,724	3,504	5,533	5,536	0	0	0
General and administrative
31,114	32,728	13,941	28,334	24,039	24,922	42,970	23,853	24,491	18,847	15,862	16,412	15,333	14,897	14,745	14,643	14,348	14,826	15,703	16,318	16,716	15,809	14,898	13,510	12,628	12,710	12,062	12,650	12,101	11,924	12,025	11,242	11,128	10,469	9,488	8,365	0	0	0
Total expenses
546,322	574,512	515,236	475,473	421,815	376,291	404,116	347,125	313,389	262,214	206,612	202,493	196,005	191,503	188,346	185,406	183,904	182,580	182,973	184,348	182,336	179,502	174,745	167,329	161,360	154,808	148,276	144,261	141,026	137,934	131,141	126,096	120,361	113,866	107,922	93,163	0	0	0
Income (loss) before gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
93,795	105,131	36,870	25,407	42,753	20,661	17,329	17,329	0	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-	-	-	-	-	-	-	-	-	-	68,780	67,198	67,860	-	65,489	66,043	65,597	65,969	68,516	69,207	71,534	71,529	69,932	69,591	69,066	72,102	71,832	71,872	68,981	65,766	61,940	60,448	58,482	54,208	50,048	44,858	0	0	0
Dividend income
980	1,960	2,385	2,689	2,013	1,337	1,216	1,216	1,216	1,216	1,216	1,216	1,275	971	667	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity securities
-66,135	-44,007	-92,236	-74,811	1,645	-7,552	40,677	23,252	12,931	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	1,081	863	-	639	524	2,099	2,017	1,962	1,938	270	213	158	63	18	8	14	15	23	31	69	85	85	81	37	28	25	27	29	36	83	97	104	101	63	0	0	0
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,283 and $2,841, respectively)
124,906	134,880	125,269	116,276	104,232	89,865	91,251	83,932	74,591	65,406	56,373	52,926	49,277	45,060	41,400	37,929	37,070	37,008	37,412	37,120	32,823	28,048	22,973	18,304	17,211	16,831	16,631	16,985	17,016	16,892	15,931	14,563	13,543	12,057	10,748	9,264	0	0	0
Loss on early extinguishment of debt
-3,637	-769	-1,478	-1,194	-1,123	-709	-1,715	0	0	-	0	-	-	104	138	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on issuance of shares by Select Income REIT
-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-42,184	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of Select Income REIT investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense and equity in net losses of investees
8,790	32,372	-72,007	-78,228	12,632	-25,220	-5,568	5,254	-17,578	-9,625	13,858	15,842	20,150	22,929	258,896	262,513	57,887	17,452	-215,069	-214,671	-3,389	42,190	46,464	51,372	51,936	55,308	54,993	54,791	51,947	48,903	46,170	46,006	45,044	42,255	39,547	35,752	0	0	0
Income tax expense
334	778	502	355	568	117	160	173	115	101	103	94	104	101	100	74	71	86	36	56	125	117	213	170	112	133	90	156	157	159	228	190	202	203	129	162	0	0	0
Equity in net losses of investees
-1,300	-1,259	-1,730	-1,440	-1,927	-2,269	-12,476	-12,539	-3,329	-13	-16,514	-7,877	-7,058	137	11,950	13,576	10,270	20	22,104	16,720	10,744	10,963	5,046	200	161	334	299	350	347	316	264	177	147	139	146	95	0	0	0
Income (loss) from continuing operations
-	-	-74,239	-80,023	-	-27,606	-18,204	-7,458	-21,022	-9,739	-2,759	7,871	12,988	22,965	270,746	276,015	68,086	17,386	-193,001	-198,007	7,230	53,036	51,297	51,402	51,985	55,509	55,438	55,106	52,182	49,060	0	0	0	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-18,150	-8,876	-	5,722	36,024	36,716	32,262	21,829	44,984	34,864	34,883	34,878	-227,386	-227,243	-227,290	-227,347	-507	210	744	3,498	3,847	-6,914	-6,901	-889	-351	9,771	9,445	900	0	0	0	-	-	-	-	-	-
Net income
7,156	30,335	-92,389	-88,899	5,570	-21,884	17,820	29,258	11,240	12,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss):
Other comprehensive income (loss):
Unrealized loss on financial instrument
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on financial instrument
-	-	-287	-367	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investment in equity securities
-	-	-	-	-	-	-	-	-	-	-	-	29,736	-	28,571	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in unrealized gain (loss) of investees
-172	-106	-68	104	67	-40	3,913	5,138	4,772	9,428	6,570	8,492	11,430	11,359	5,076	1,448	-1,027	-5,513	-174	136	27	-12	13	72	-23	-50	-78	-57	15	22	50	30	70	75	0	0	0	-	-
Other comprehensive loss
-335	-306	-355	-263	-31	-40	13,566	18,070	16,672	33,470	22,853	29,959	41,166	41,824	24,256	12,165	2,453	-14,904	-174	136	27	-12	13	72	-23	-50	-78	-57	15	22	50	30	70	75	0	0	0	-	-
Comprehensive income
6,821	30,029	-92,744	-89,162	5,539	-21,924	31,386	47,328	27,912	45,560	64,999	72,694	89,037	99,667	67,695	60,937	-156,751	-224,865	-193,682	-197,661	8,001	56,522	55,157	44,560	45,061	54,570	55,009	64,820	61,642	49,982	50,067	49,854	48,872	46,072	0	0	0	-	-
Net Income (Loss) Attributable to Parent
7,156	30,335	-92,389	-88,899	5,570	-21,884	17,820	29,258	11,240	12,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred units of limited partnership distributions
-	-	0	0	-	371	646	646	553	275	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-92,389	-88,899	-	-22,255	17,174	28,612	10,687	11,815	42,146	42,735	47,871	57,843	43,439	48,772	-159,204	-209,961	-193,508	-197,797	7,974	56,534	55,144	44,488	45,084	54,620	55,087	64,877	61,627	49,960	50,017	49,824	48,802	45,997	39,418	0	0	0	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Weighted Average Number of Shares Outstanding, Basic
48,095	48,095	48,073	48,049	48,031	25,029	24,768	24,763	24,760	-154,418	96,883	71,088	71,079	-142,071	71,054	71,038	71,031	-	71,004	70,485	-	70,473	65,481	54,659	54,639	54,426	54,684	54,669	54,645	52,974	47,108	47,098	47,052	47,143	45,322	40,506	40,501	36,369	31,261
Weighted Average Number of Shares Outstanding, Diluted
48,095	48,080	48,073	48,049	48,046	25,026	24,768	24,766	24,760	-154,539	96,958	71,119	71,094	-142,104	71,084	71,061	71,031	-	71,021	70,485	-	70,560	65,568	54,743	54,725	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per common share amounts (basic and diluted):
Income (loss) from continuing operations (in dollars per share)
-	-	-0.08	-1.35	-	-1.60	-0.39	1.02	-0.16	-0.76	0.01	0.17	0.11	0.64	0.16	0.24	0.25	-	-	-	-	-	-	0.26	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations (basic) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.24	-2.71	-0.47	-	0.18	-	-	0.23	0.22	0.27	0.30	0.23	0.25	0.25	0.28	-	-	-	-	-	-
Income (loss) from continuing operations (diluted) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	0.00	0.00	-	-0.73	0.37	0.17	0.42	0.93	0.10	0.00	0.00	1.96	0.00	0.00	0.00	-	0.00	-	-	-0.01	0.01	0.01	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (in dollars per share)
0.23	1.35	-0.08	-1.35	0.71	-2.33	-0.02	1.20	0.25	0.19	0.11	0.16	0.10	2.62	0.16	0.24	0.24	-0.03	0.24	-2.71	-0.47	-	0.19	-	0.28	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.18	0.01	0.16	-	-	-	-	-	-	-	-	-	-
Basic net income attributed to SIR per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	-	-	0.04	0.28	0.45	-	0.25	0.25	0.28	0.28	0.26	0.27	0.25	0.18	0.25
Diluted net income attributable to SIR per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-