Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2012

Reportable Segments [Abstract]

Summary of assets by business segment

	June 30, 2012		December 31, 2011
Assets
Operating properties	$	489,803	$	442,209
Loan assets		191,047		217,174
REIT securities		34,079		28,856
Corporate
Cash and cash equivalents		43,959		40,952
Restricted cash		4,497		3,914
Accounts receivable and prepaids		1,085		504
Deferred financing costs		244		318
Discontinued operations		6		6
Total Assets	$	764,720	$	733,933

Summary of Revenues from Operating Properties, Loan Assets and REIT Securities and Expenses Incurred by Each Segment

	For the Three Months Ended						For the Six Months Ended
	June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Operating Properties
Rents and reimbursements	$	13,257		$	11,234		$	25,797		$	22,220
Operating expenses		(3,779	)		(3,987	)		(8,331	)		(8,032	)
Real estate taxes		(1,017	)		(1,087	)		(2,271	)		(2,342	)
Equity in (loss) income of Sealy Northwest Atlanta		(108	)		5,133			(164	)		4,541
Equity in loss of Sealy Airpark Nashville		—			(256	)		—			(453	)
Equity in loss of Sealy Newmarket		(745	)		(633	)		(1,467	)		(1,144	)
Equity in income (loss) of Marc Realty investment		3			(175	)		(344	)		(120	)
Equity in (loss) income of WRT-Elad		(28	)		—			515			—
Equity income of Vintage		595			—			934			—
Operating income		8,178			10,229			14,669			14,670
Depreciation and amortization expense		(4,479	)		(3,312	)		(8,198	)		(6,793	)
Interest expense		(3,098	)		(3,296	)		(6,261	)		(7,115	)
Impairment loss on Sealy equity investment		—			(3,800	)		—			(3,800	)
Gain on sale of equity investment		232			—			232			—
Operating properties net income (loss)		833			(179	)		442			(3,038	)
Loan Assets
Interest		2,746			2,687			5,145			5,397
Discount accretion		2,726			2,289			5,559			8,793
Equity in earnings of preferred equity investment of Marc Realty		—			85			—			168
Equity in earnings of preferred equity investment of 450 W 14th Street		—			73			—			73
Unrealized (loss) gain on loan securities carried at fair value		(88	)		34			76			2,847
Equity in income of LW Sofi		—			262			—			262
Equity in income of ROIC Riverside		234			234			468			468
Equity in (loss) income of ROIC Lakeside Eagle		(4	)		922			(16	)		666
Equity in income of 46th Street Gotham		—			709			—			621
Equity in earnings of Lex-Win Concord		—			258			—			258
Equity in income of Concord Debt Holdings		55			221			351			221
Equity in income of CDH CDO		140			—			534			—
Equity in income of Concord Debt Holdings (1)		28			—			28			—
Equity in income of CDH CDO (1)		478			—			478			—
Equity in income of WRT-Stamford		227			—			316			—
Equity in loss of SoCal Office Loan Portfolio		(293	)		—			(638	)		—
Equity in income of RE CDO management		17			—			28			—
Equity in loss of 10 Metrotech		(19	)		—			(19	)		—
Equity in income of Mentor		6			—			6			—
Operating income		6,253			7,774			12,316			19,774
General and administrative expense		(20	)		(11	)		(25	)		(15	)
Interest expense		(334	)		(184	)		(668	)		(341	)
Loan assets net income		5,899			7,579			11,623			19,418
REIT Securities
Interest and dividends		306			118			592			576
Gain on sale of securities carried at fair value		15			7			41			131
Unrealized (loss) gain on securities carried at fair value		(791	)		(723	)		4,141			163
Operating income (loss)		(470	)		(598	)		4,774			870
Net income from segments before corporate income (expense)		6,262			6,802			16,839			17,250
Reconciliations to GAAP Net Income:
Corporate Income (Expense)
Interest income		90			443			192			536
Interest expense		(80	)		(483	)		(372	)		(1,120	)
General and administrative		(3,244	)		(2,747	)		(6,270	)		(5,267	)
State and local taxes		(143	)		(48	)		(149	)		(77	)
Income from continuing operations before non-controlling interest		2,885			3,967			10,240			11,322
Non-controlling interest		473			(329	)		1,374			(533	)
Income from continuing operations attributable to Winthrop Realty Trust		3,358			3,638			11,614			10,789
Income (loss) from discontinued operations attributable to Winthrop Realty Trust		—			90			(3	)		137
Net Income Attributable to Winthrop Realty Trust	$	3,358		$	3,728		$	11,611		$	10,926
Capital Expenditures
Operating properties	$	4,831		$	896		$	6,076		$	3,715

(1) Represents the interest acquired from Lexington Realty Trust on May 1, 2012.