Discontinued Operations

3 Months Ended

Mar. 31, 2013

Note 7 - Discontinued Operations

The following summarizes the components of income from discontinued operations applicable to five properties sold during the year ended December 31, 2012 (dollars in thousands):

	Three Months Ended March 31, 2012
Rental income	$	550

Depreciation and amortization	110
Real estate expenses	60
Interest expense	116
Total expenses	286

Income from operations	264
Net gain on sales	—

Income from discontinued operations	$	264

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details