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Acquisitions, Dispositions, Leasing and Financing Activities (Tables)
3 Months Ended
Mar. 31, 2013
Acquisitions, Dispositions, Leasing and Financing Activities [Abstract]  
The allocation of the aggregate purchase price
         
    1515 Market
Street
 

Land

  $ 18,627  

Building

    23,159  

Other improvements

    73  

Tenant improvements

    1,407  

Lease intangibles

    14,943  

Above market lease intangibles

    2,867  

Net working capital acquired

    1,132  

Below market lease intangibles

    (620

Other liabilities

    (1,299

Long Term liabilities assumed

    (60,279 )(1) 
   

 

 

 

Net assets acquired

  $ 10  
   

 

 

 

 

(1) Long Term liabilities assumed as part of this transaction remain legally outstanding but are eliminated in consolidation with the Trust’s loan asset purchased on December 12, 2012.
Intangible assets acquired and intangible liabilities assumed
                 
          Weighted  
          Average  
    Carrying     Amortization  
    Value     Period (years)  

Intangible assets:

               

In place lease intangibles

  $ 6,542       6.2  

Above market lease intangibles

    2,867       5.8  

Tenant relationship value

    7,388       13.3  

Lease commissions, legal and marketing fees

    1,013       5.4  
   

 

 

   

 

 

 

Total

  $ 17,810       9.0  
   

 

 

   

 

 

 

Intangible liabilities:

               

Below market lease intangibles

  $ (620     4.2  
   

 

 

   

 

 

 
The accompanying unaudited pro forma information
                 

Pro forma (unaudited)

(In thousands, except for per share data)

 

For the Three Months Ended

March 31,

 
    2013     2012  

Total revenue

  $ 21,430     $ 20,104  

Consolidated net income

    12,919       7,815  

Net income attributable to Winthrop Realty Trust

    13,987       8,691  

Per common share data - basic

    0.34       0.23  

Per common share data - diluted

    0.34       0.23