Dispositions of Real Estate and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Dispositions of Real Estate and Discontinued Operations

Summary of operating loss from discontinued operations and gain on sales of real estate included in discontinued operations

The following table summarizes operating loss from discontinued operations and gain on sales of real estate included in discontinued operations (dollars in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2012		2013		2012
Rental and related revenues	$	6,460		$	10,260	$	20,458	$	31,023

Depreciation and amortization expenses	1,433			2,969		4,346		11,876
Operating expenses	3			18		9		75
Other income (expense), net	(74		)	593		229		2,452
Income before gain on sales of real estate	$	5,098		$	6,680	$	15,874	$	16,620
Gain on sales of real estate, net of income taxes	$	8,298		$	—	$	9,185	$	2,856

Number of properties included in discontinued operations	5			9		6		10

- 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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