Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

The components of discontinued operations are outlined below and include the results of operations for the respective periods that the Company owned such assets for properties sold in 2013 and prior years during each of the quarters ended March 31, 2015 and 2014 (amounts in thousands).



	Quarter Ended March 31,
	2015			2014
REVENUES
Rental income	$	161		$	1,023
Total revenues	161			1,023

EXPENSES (1)
Property and maintenance	(67		)	48
Real estate taxes and insurance	52			13
General and administrative	6			5
Total expenses	(9		)	66

Discontinued operating income	170			957

Interest and other income	49			35
Income and other tax (expense) benefit	(15		)	(11		)

Discontinued operations	204			981
Net gain on sales of discontinued operations	—			71

Discontinued operations, net	$	204		$	1,052


(1)	Includes expenses paid in the current period for properties sold in prior periods related to the Company’s period of ownership.

- 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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