Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Dispositions

There were no shopping centers disposed of during the three months endedMarch 31, 2013. The following table provides a summary of shopping centers disposed of during the three months endedMarch 31, 2012 (in thousands):

		2012
Net proceeds	$	21,600
Gain on sale of properties	$	6,301
Number of properties sold		2
Percent interest sold		100%

The following table provides a summary of revenues and expenses from properties included in discontinued operations for three months endedMarch 31, 2012 (in thousands):

		2012
Revenues	$	1,462
Operating expenses		883
Income tax benefit (1)		(62	)
Operating income from discontinued operations	$	641

⁽¹⁾ The operating income and gain on sales of properties included in discontinued operations are reported net of income taxes, if the property is sold by Regency Realty Group, Inc., a wholly owned subsidiary of the Operating Partnership, which is a Taxable REIT subsidiary as defined by in Section 856(1) of the Internal Revenue Code.