Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2011

Schedule of income from discontinued operations

The following is a summary of income from discontinued operations on our consolidated statements of income (dollars in thousands):

	Three months ended						Nine months ended
	September 30,						September 30,
Income from discontinued operations	2011			2010			2011			2010
Gain on sales of investment properties	$	3,094		$	1,919		$	4,319		$	4,284
Rental revenue		83			519			439			2,209
Other revenue		7			7			35			25
Depreciation and amortization		(26	)		(260	)		(264	)		(892	)
Property expenses		(111	)		(230	)		(365	)		(896	)
Provisions for impairment		(158	)		(84	)		(368	)		(171	)
Crest's income from discontinued operations		222			268			664			717
Income from discontinued operations	$	3,111		$	2,139		$	4,460		$	5,276

Per common share, basic and diluted	$	0.02		$	0.02		$	0.04		$	0.05

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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