Earnings Per Common Share

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


	Ten Months Ended October 31,
	2024
Numerator for earnings per common share - basic:
Net income	$	31,715
Net income attributable to noncontrolling interest	(63)
Preferred distributions	(7,988)

Numerator for net income per share - basic	$	23,664

Numerator for earnings per common share - diluted:
Net income	$	31,715
Net income attributable to noncontrolling interest	(63)
Preferred distributions	(7,988)

Numerator for net income per share - diluted	$	23,664

Denominator for earnings per common share - basic and diluted:
Weighted average number of common shares outstanding - basic(1)	107,373
RSUs(2)	844
LTIP Units(3)	103

Weighted average number of common shares outstanding - diluted	108,320

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)	177

(1) The ten months ended October 31, 2024 include 129 weighted-average, unvested, earned RSUs, respectively.

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

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

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

(5) Beneficial interests in the Operating Trust.