Discontinued Operations And Land Dispositions (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations And Land Dispositions [Abstract]

Schedule Of The Components Of Income (Loss) From Discontinued Operations



	Three months ended September 30,		Nine months ended September 30,
	2012	2011	2012	2011
Revenues:
Rents	$ 4,409,000	$ 6,466,000	$ 13,907,000	$ 20,808,000
Expense recoveries	1,059,000	1,654,000	3,557,000	5,139,000
Other	30,000	10,000	89,000	369,000
Total revenues	5,498,000	8,130,000	17,553,000	26,316,000
Expenses:
Operating, maintenance and management	1,524,000	2,041,000	5,303,000	7,191,000
Real estate and other property-related taxes	973,000	1,334,000	2,979,000	4,129,000
Depreciation and amortization	-	1,652,000	21,000	5,256,000
Interest expense	1,776,000	2,476,000	5,622,000	6,885,000
Total expenses	4,273,000	7,503,000	13,925,000	23,461,000
Income from discontinued operations before
impairments	1,225,000	627,000	3,628,000	2,855,000
Impairment (charges)/reversals,net	-	(64,671,000)	1,138,000	(87,287,000)
Income (loss) from discontinued operations	$ 1,225,000	$ (64,044,000)	$ 4,766,000	$ (84,432,000)

Gain on sales of discontinued operations	$ -	$ -	$ 750,000	$ 502,000

Schedule Of Transactions Related To Properties Held For Sale/Conveyance


	Percent		Date	Sales	Gain on
Property	Owned	Location	Sold	Price	Sale
Discontinued operations:
Hilliard Discount Drug Mart Plaza	100%	Hilliard, OH	2/7/2012	$ 1,434,000	$ -
First Merit Bank at Akron	100%	Akron, OH	2/23/2012	633,000	-
Grove City Discount Drug Mart Plaza	100%	Grove City, OH	3/12/2012	1,925,000	-
CVS at Naugatuck	50%	Naugatuck, CT	3/20/2012	3,350,000	457,000
CVS at Bradford	100%	Bradford, PA	3/30/2012	967,000	-
CVS at Celina	100%	Celina, OH	3/30/2012	1,449,000	-
CVS at Erie	100%	Erie, PA	3/30/2012	1,278,000	-
CVS at Portage Trail	100%	Akron, OH	3/30/2012	1,061,000	-
Rite Aid at Massillon	100%	Massillon, OH	3/30/2012	1,492,000	-
Kingston Plaza	100%	Kingston, NY	4/12/2012	1,182,000	293,000
Stadium Plaza	100%	East Lansing, MI	5/3/2012	5,400,000	-
				$ 20,171,000	$ 750,000
Continuing operations:
Blue Mountain Commons (land parcel)	100%	Harrisburg. PA	6/19/2012	$ 102,000	$ 79,000
Oregon Pike (land parcel)	100%	Lancaster, PA	6/28/2012	1,100,000	-
Trindle Springs (land parcel)	100%	Mechanicsburg, PA	7/20/2012	800,000	-
Aston (land parcel)	100%	Aston, PA	7/27/2012	1,365,000	402,000
				$ 3,367,000	$ 481,000

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References+ Details

- 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+ Details