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Real Estate Acquisitions And Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2011
Real Estate Acquisitions And Discontinued Operations [Abstract] |
Acquisition Of Properties And Land For Development During 2011 |
Acquisition Date |  | Property Name |  | Property Type |  | Rentable Square Feet |  |  | Contract Purchase Price (in thousands) |
January 11, 2011 |  | 1140 Connecticut Avenue |  | Office |  |  | 184,000 |  |  | $ | 80,250 |
March 30, 2011 |  | 1227 25th Street |  | Office |  |  | 130,000 |  |  |  | 47,000 |
June 15, 2011 |  | 650 North Glebe Road(1) |  | Multifamily |  |  | N/A |  |  |  | 11,800 |
August 30, 2011 |  | Olney Village Center |  | Retail |  |  | 199,000 |  |  |  | 58,000 |
September 13, 2011 |  | Braddock Metro Center |  | Office |  |  | 345,000 |  |  |  | 101,000 |
September 15, 2011 |  | John Marshall II |  | Office |  |  | 223,000 |  |  |  | 73,500 |
|  |  |  | Total |  |  | 1,081,000 |  |  | $ | 371,550 |
(1) | 650 North Glebe Road is 37,000 square feet of land acquired by a consolidated joint venture for the purpose of developing an apartment community. WRIT is a 90% owner of joint venturethe .
Revenue And Earnings From 2011 Acquisitions |
|  | Quarter Ended September 30, 2011 |  |  | Period Ended September 30, 2011 |
Real estate revenues |  | $ | 4,376 |  |  | $ | 9,458 |
Net income |  | $ | 292 |  |  | $ | 730 |
Total Purchase Price Of Acquisitions |
|  | Recordation of Purchase Price |
|  | 2011 |
Land |  | $ | 90.9 |
Buildings |  |  | 219.6 |
Tenant origination costs |  |  | 15.7 |
Leasing commissions/absorption costs |  |  | 29.7 |
Net lease intangible assets |  |  | 6.8 |
Net lease intangible liabilities |  |  | (2.5 | )
Fair value of assumed mortgages |  |  | (78.5 | )
Total |  | $ | 281.7 |
Unaudited Pro Forma Combined Condensed Statements Of Operations Information |
|  | Quarter Ended September 30, |  |  | Period Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Real estate revenues |  | $ | 76,823 |  |  | $ | 74,471 |  |  | $ | 231,370 |  |  | $ | 221,135 |
Income from continuing operations |  | $ | 3,283 |  |  | $ | 4,046 |  |  | $ | 11,330 |  |  | $ | 10,784 |
Net income |  | $ | 63,585 |  |  | $ | 7,578 |  |  | $ | 76,268 |  |  | $ | 29,665 |
Diluted earnings per share |  | $ | 0.96 |  |  | $ | 0.12 |  |  | $ | 1.15 |  |  | $ | 0.48 |
Impact Of Disposal Of Industrial Segment On Revenues And Net Income |
|  | Quarter Ended September 30, |  |  | Period Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Real estate revenues |  | $ | 6,053 |  |  | $ | 7,854 |  |  | $ | 22,503 |  |  | $ | 24,252 |
Net income |  | $ | 3,297 |  |  | $ | 2,778 |  |  | $ | 9,340 |  |  | $ | 8,215 |
Basic net income per share |  | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.14 |  |  | $ | 0.13 |
Diluted net income per share |  | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.14 |  |  | $ | 0.13 |
Real Estate Sold During 2011 And 2010 |
Disposition Date |  | Property Name |  | Property Type |  | Rentable Square Feet |  |  | Contract Purchase Price (In millions) |
September 2, 2011 |  | Industrial Portfolio(1) |  | Industrial/Office |  |  | 3,092,000 |  |  | $ | 350.0 |
April 5, 2011 |  | Dulles Station, Phase I |  | Office |  |  | 180,000 |  |  |  | 58.8 |
|  |  |  | Total 2011 |  |  | 3,272,000 |  |  | $ | 408.8 |
June 18, 2010 |  | Parklawn Portfolio(2) |  | Office/Industrial |  |  | 229,000 |  |  | $ | 23.4 |
December 21, 2010 |  | The Ridges |  | Office |  |  | 104,000 |  |  |  | 27.5 |
December 22, 2010 |  | Ammendale I&II and Amvax |  | Industrial |  |  | 305,000 |  |  |  | 23.0 |
|  |  |  | Total 2010 |  |  | 638,000 |  |  | $ | 73.9 |
Operating Results Of Properties Classified As Discontinued Operations |
|  | Quarter Ended September 30, |  |  | Period Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Revenues |  | $ | 6,597 |  |  | $ | 11,241 |  |  | $ | 25,612 |  |  | $ | 36,410 |
Property expenses |  |  | (1,768 | ) |  |  | (3,239 | ) |  |  | (7,564 | ) |  |  | (11,866 | )
Real estate impairment |  |  | — |  |  |  | — |  |  |  | (599 | ) |  |  | — |
Depreciation and amortization |  |  | (943 | ) |  |  | (4,054 | ) |  |  | (7,231 | ) |  |  | (11,981 | )
Interest expense |  |  | (231 | ) |  |  | (383 | ) |  |  | (696 | ) |  |  | (1,516 | )
|  | $ | 3,655 |  |  | $ | 3,565 |  |  | $ | 9,522 |  |  | $ | 11,047 |
Operating Income (Loss) By Property Classified As Discontinued Operations |
|  |  |  | Quarter Ended September 30, |  |  | Period Ended September 30, |
Property |  | Segment |  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Parklawn Plaza |  | Office |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 132 |
Lexington Building |  | Office |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 65 |
Saratoga Building |  | Office |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 225 |
Charleston Business Center |  | Industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 370 |
The Ridges |  | Office |  |  | — |  |  |  | 156 |  |  |  | — |  |  |  | 347 |
Ammendale I&II |  | Industrial |  |  | — |  |  |  | 217 |  |  |  | — |  |  |  | 733 |
Amvax |  | Industrial |  |  | — |  |  |  | 82 |  |  |  | — |  |  |  | 260 |
Dulles Station, Phase I |  | Office |  |  | — |  |  |  | 160 |  |  |  | (468 | ) |  |  | 367 |
Industrial Portfolio |  | Industrial/Office |  | $ | 3,655 |  |  |  | 2,950 |  |  | $ | 9,990 |  |  |  | 8,548 |
|  |  |  | $ | 3,655 |  |  |  | 3,565 |  |  | $ | 9,522 |  |  | $ | 11,047 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 + Details
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