DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2012

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES

Summary of operations of the properties included in discontinued operations

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)
Retail and other revenue	$	1,436		$	77,034		$	22,317		$	163,867
Retail and other operating expenses	(488		)	59,090			6,860			123,528
Provisions for impairment*	—			—			10,393			51
Total expenses	(488		)	59,090			17,253			123,579
Operating income	1,924			17,944			5,064			40,288
Interest expense, net	(71		)	(21,911		)	(4,618		)	(46,985		)
Net income (loss) from operations	1,853			(3,967		)	446			(6,697		)
Provision for income taxes	(7		)	(171		)	(23		)	(342		)
Allocation to noncontrolling interest	—			(41		)	—			(53		)
Loss on dispositions	(147		)	(690		)	(175		)	(546		)
Net income (loss) from discontinued operations	$	1,699		$	(4,869	)	$	248		$	(7,638	)

* Net of gain on debt extinguishment of $9.9 million during the six months ended June 30, 2012.