Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Summary of income from discontinued operations on consolidated statements of income

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

	Three months ended
	March 31,
Income from discontinued operations	2013		2012
Gain on sales of investment properties	$	38,559	$	611
Rental revenue	1,489		2,615
Other revenue	11		14
Depreciation and amortization	(96)		(724)
Property expenses	(298)		(429)
Provisions for impairment	(456)		--
Crest’s income from discontinued operations	271		129
Income from discontinued operations	$	39,480	$	2,216
Per common share, basic and diluted (1)	$	0.23	$	0.02

(1) The per share amounts for income from discontinued operations above and the income from continuing operations and net income reported on the consolidated statements of income have each been calculated independently.

- 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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