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Gain on Sales of Real Estate | 3 Months Ended
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Mar. 31, 2015
Gain on Sales of Properties |
Gain on Sales of Properties | 11.Gain on Sales of Real Estate During the first three months of 2015, we sold nine investment properties for $22.3 million, which resulted in a gain of $7.2 million. The results of operations for these properties are presented within continuing operations. During the first three months of 2014, Realty Income sold 11 investment properties for $12.7 million, which resulted in a gain of $3.9 million. Only the results of operations specifically related to the properties classified as held for sale at December 31, 2013 and sold during the first three months of 2014 have been reclassified as discontinued operations, which was $2.6 million. During the first three months of 2015, Crest Net Lease, Inc., or Crest, did not sell any properties. During the first three months of 2014, Crest sold one property for $820,000, which did not result in a gain. The results of operations for this property were reclassified as discontinued operations.

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- Definition Element represents certain disclosures of real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures, including gains on sales of investment properties. This element may be used as a single block of text to encapsulate the entire real estate disclosure including data and tables. + References No definition available. + Details
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