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Discontinued Operations
9 Months Ended
Sep. 30, 2011
Discontinued Operations 
Discontinued Operations

(5)   Discontinued Operations

 

There were no properties classified as held for sale and reported as discontinued operations as of or during the three or nine months ended September 30, 2011.

 

The following table summarizes operating income from discontinued operations (dollars in thousands):

 

 

 

Three Months Ended
September 30, 2010

 

Nine Months Ended
September 30, 2010

 

Rental and related revenues

 

$

970

 

$

4,091

 

 

 

 

 

 

 

Depreciation and amortization expenses

 

194

 

1,442

 

Operating expenses

 

55

 

124

 

Other income, net

 

(37

)

(130

)

Income, net of income taxes

 

$

758

 

$

2,655

 

Gain on sales of real estate, net of income taxes

 

3,987

 

4,052

 

 

 

 

 

 

 

Number of properties held for sale

 

10

 

10

 

Number of properties sold

 

3

 

4

 

Number of properties included in discontinued operations

 

13

 

14