Discontinued Operations

9 Months Ended

Sep. 30, 2013

Note 7 - Discontinued Operations

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

	Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012

Rental income	$	507	$	1,600

Depreciation and amortization	38		249
Real estate expenses	—		102
Interest expense	100		332
Total expenses	138		683

Income from operations	369		917
Net gain on sales	15,050		17,254

Income from discontinued operations	$	15,419	$	18,171

- 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