XML 67 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Rents and reimbursements $ 13,335 $ 10,370 $ 38,225 $ 31,696
Interest, dividends and discount accretion 3,722 5,503 15,018 20,269
Total Revenue 17,057 15,873 53,243 51,965
Expenses        
Property operating 3,624 3,272 11,535 10,856
Real estate taxes 1,268 1,079 3,481 3,360
Depreciation and amortization 4,842 3,111 12,872 9,751
Interest 4,430 3,480 11,602 11,926
Impairment loss on investment in real estate    3,000    3,000
General and administrative 3,098 2,691 9,088 7,816
Transaction costs 30 201 335 358
State and local taxes 65 11 213 88
Total expenses 17,357 16,845 49,126 47,155
Other income (loss)        
Earnings from preferred equity investments    257    498
Equity in income of equity investments 12,644 2,820 13,654 4,340
Realized gain on sale of securities carried at fair value       41 131
Unrealized (loss) gain on securities carried at fair value 3,113 (961) 7,254 (798)
Unrealized (loss) gain on loan securities carried at fair value 371 (75) 447 2,772
Gain on sale of equity investment 165 207 397 207
Gain on extinguishment of debt    8,514    8,514
Interest income 242 472 433 1,007
Total other income (loss) 16,535 11,234 22,226 16,671
Income from continuing operations 16,235 10,262 26,343 21,481
Discontinued operations        
Income (loss) from discontinued operations (188) (98) (59) 142
Consolidated net income 16,047 10,164 26,284 21,623
(Income) loss attributable to non-controlling interest (939) (318) 435 (851)
Net income attributable to Winthrop Realty Trust 15,108 9,846 26,719 20,772
Preferred dividend of Series C Preferred Shares    (59)    (176)
Preferred dividend of Series D Preferred Shares (2,786)    (6,498)   
Net income attributable to Common Shares 12,322 9,787 20,221 20,596
Per Common Share data - Basic        
Income from continuing operations $ 0.38 $ 0.30 $ 0.61 $ 0.66
Income (loss) from discontinued operations $ (0.01)      $ 0.01
Net income attributable to Winthrop Realty Trust $ 0.37 $ 0.30 $ 0.61 $ 0.67
Per Common Share data - Diluted        
Income from continuing operations $ 0.38 $ 0.30 $ 0.61 $ 0.66
Income (loss) from discontinued operations $ (0.01)       $ 0.01
Net income attributable to Winthrop Realty Trust $ 0.37 $ 0.30 $ 0.61 $ 0.67
Basic Weighted-Average Common Shares 33,075 32,949 33,064 30,889
Diluted Weighted-Average Common Shares 33,076 32,949 33,064 30,889
Comprehensive income        
Consolidated net income 16,047 10,164 26,284 21,623
Change in unrealized gain (loss) on interest rate derivatives (16)   (73) 63
Comprehensive income $ 16,031 $ 10,164 $ 26,211 $ 21,686