Investment In Cedar/RioCan Joint Venture (Tables)

6 Months Ended

Jun. 30, 2012



Balance Sheets	June 30,	December 31,
	2012	2011
Assets:
Real estate, net	$ 523,159,000	$ 532,071,000
Cash and cash equivalents	11,581,000	12,797,000
Restricted cash	3,195,000	3,689,000
Rent and other receivables	1,650,000	2,419,000
Straight-line rents	3,523,000	2,743,000
Deferred charges, net	11,856,000	12,682,000
Other assets	4,144,000	5,549,000
Total assets	$ 559,108,000	$ 571,950,000

Liabilities and partners' capital:
Mortgage loans payable	$ 314,895,000	$ 317,293,000
Due to the Company	527,000	1,203,000
Unamortized intangible lease liabilities	20,451,000	22,182,000
Other liabilities	7,282,000	8,248,000
Total liabilities	343,155,000	348,926,000

Preferred stock	97,000	97,000
Partners' capital	215,856,000	222,927,000
Total liabilities and partners' capital	$ 559,108,000	$ 571,950,000

The Company's share of partners' capital	$ 43,173,000	$ 44,743,000



Statements of Income	Three months ended June 30,		Six months ended June 30,
	2012	2011	2012	2011
Revenues	$ 16,012,000	$ 15,296,000	$ 31,944,000	$ 31,289,000
Property operating and other expenses	(1,403,000)	(1,307,000)	(2,968,000)	(3,966,000)
Management fees	(463,000)	(483,000)	(1,052,000)	(950,000)
Real estate taxes	(1,937,000)	(1,819,000)	(3,862,000)	(3,551,000)
Acquisition transaction costs	-	(790,000)	-	(858,000)
General and administrative	(67,000)	(61,000)	(135,000)	(132,000)
Depreciation and amortization	(5,056,000)	(5,177,000)	(10,170,000)	(10,140,000)
Interest and other non-operating expenses, net	(4,219,000)	(4,684,000)	(8,654,000)	(9,079,000)
Net income	$ 2,867,000	$ 975,000	$ 5,103,000	$ 2,613,000

The Company's share of net income	$ 576,000	$ 195,000	$ 1,021,000	$ 523,000