Discontinued Operations

6 Months Ended

Jun. 30, 2021

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations Disclosure Text Block

3. Discontinued Operations

Over the past three years, we sold the remaining assets in our Washington, D.C. portfolio, thereby exiting the Washington, D.C. office market. These dispositions represented a strategic shift in our operations and met the criteria for classifying our Washington, D.C. segment as “discontinued operations,” in accordance with ASC Topic 205, Presentation of Financial Statements. Accordingly, effective March 31, 2020, we reclassified the results of operations of our Washington, D.C. segment as discontinued operations.

The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below.

(Amounts in thousands)	For the Three Months		For the Six Months
Income Statement: (1)	Ended June 30, 2020		Ended June 30, 2020
Revenues:
Rental revenue	$	3,515	$	7,078
Other income		31		130
Total revenues		3,546		7,208
Expenses:
Operating		1,399		2,850
Depreciation and amortization		-		690
Total expenses		1,399		3,540
Income from discontinued operations, net	$	2,147	$	3,668

(Amounts in thousands)	For the Six Months
Statement of Cash Flows: (1)	Ended June 30, 2020
Cash provided by operating activities	$	2,292
Additional Cash Flow information:
Depreciation and amortization	$	690

⁽¹⁾ Represents revenues, expenses, net income and cash flow information of 1899 Pennsylvania Avenue, which was sold on December 24, 2020.