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Note 3 - Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2011
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

 

2011

 

2010

 

2011

 

2010

Discontinued operations:

 

 

 

 

 

 

 

 

Revenues from rental property

$

888

$

5,753

$

4,556

$

32,490

Rental property expenses

 

(412)

 

(2,234)

 

(2,565)

 

(10,721)

Depreciation and amortization

 

(154)

 

(2,048)

 

(1,800)

 

(12,026)

Interest expense

 

(50)

 

(1,064)

 

(135)

 

(6,191)

Income/(loss) from other real estate investments

 

1,430

 

(108)

 

1,944

 

1,983

Other (expense)/income, net

 

(13)

 

(485)

 

167

 

(921)

Income/(loss) from discontinued operating properties, before income taxes

 

1,689

 

(186)

 

2,167

 

4,614

Loss on operating properties sold

 

-

 

(4)

 

-

 

(35)

Impairment of property carrying values

 

(289)

 

(333)

 

(8,919)

 

(3,725)

Gain on disposition of operating properties

 

4,535

 

1,704

 

8,722

 

1,704

Benefit/(provision) for income taxes, net

 

1

 

(8)

 

(56)

 

(132)

Income from discontinued operating properties

 

5,936

 

1,173

 

1,914

 

2,426

Net loss/(income) attributable to noncontrolling interests

 

85

 

11

 

27

 

(97)

Income from discontinued operations attributable to the Company

$

6,021

$

1,184

$

1,941

$

2,329