Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of Rental Properties Included in Discontinued Operations

The following tables summarize the rental properties included in discontinued operations during the three and six months ended June 30, 2014:

Property	Location	Square Feet	Period Disposed	Three Months Ended 6/30/14	Six Months Ended 6/30/14
Commercial Group:
Promenade Bolingbrook	Bolingbrook, Illinois	771,000 square feet	Q2-2014	Yes	Yes
Quartermaster Plaza	Philadelphia, Pennsylvania	456,000 square feet	Q1-2014	—	Yes
Mesa del Sol - 5600 University SE	Albuquerque, New Mexico	87,000 square feet	Q1-2014	—	Yes

Summary of Operating Results of Discontinued Operations

	Three Months Ended June 30,			Six Months Ended June 30,
	2014			2014
	(in thousands)
Revenues	$	39		$	7,034
Expenses
Operating expenses	(1,749		)	3,026
Depreciation and amortization	—			987
	(1,749		)	4,013
Gain on disposition of rental properties	1,276			28,100
Interest expense	(55		)	(5,538		)
Amortization of mortgage procurement costs	—			(41		)
Loss on extinguishment of debt	(431		)	(448		)
Earnings before income taxes	2,578			25,094
Income tax expense	1,438			12,082
Earnings from discontinued operations	1,140			13,012
Noncontrolling interest
Gain on disposition of rental properties	—			58
Operating loss from rental properties	—			(8		)
	—			50
Earnings from discontinued operations attributable to Forest City Enterprises, Inc.	$	1,140		$	12,962

Pre-tax Gain on Disposition of Rental Properties

The following table summarizes the pre-tax gain on disposition of rental properties:

	Three Months Ended June 30,		Six Months Ended June 30,
	2014		2014
	(in thousands)
Promenade Bolingbrook (Regional Mall)	$	1,276	$	1,276
Quartermaster Plaza (Specialty Retail Center)	—		26,373
Mesa del Sol - 5600 University SE (Office Building)	—		451
	$	1,276	$	28,100