XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Rents and reimbursements $ 15,099 $ 12,224 $ 45,026 $ 35,022
Interest, dividends and discount accretion 3,917 3,722 13,545 15,018
Total Revenue 19,016 15,946 58,571 50,040
Expenses        
Property operating 5,272 3,335 14,697 10,643
Real estate taxes 1,705 1,160 4,184 3,116
Depreciation and amortization 4,923 4,416 14,703 11,623
Interest 5,435 4,416 18,175 11,560
General and administrative 1,113 782 3,058 2,447
Related party fees 2,309 2,316 6,866 6,641
Transaction costs 106 30 158 335
State and local taxes 85 64 227 211
Total expenses 20,948 16,519 62,068 46,576
Other income (loss)        
Equity in income of equity investments 13,856 12,809 26,249 14,051
Earnings from preferred equity investments 189    576   
Realized gain (loss) on sale of securities carried at fair value (31)    (133) 41
Unrealized gain (loss) on securities carried at fair value   3,113 (142) 7,254
Unrealized gain on loan securities carried at fair value   371 215 447
Settlement expense (16)   (150)  
Interest income 101 242 286 433
Total other income (loss) 14,099 16,535 26,901 22,226
Income from continuing operations 12,167 15,962 23,404 25,690
Discontinued operations        
(Loss) income from discontinued operations (1,434) 85 8,025 594
Net income 10,733 16,047 31,429 26,284
Net loss (income) attributable to non-controlling interest 995 (939) 2,419 435
Net income attributable to Winthrop Realty Trust 11,728 15,108 33,848 26,719
Preferred dividend on Series D Preferred Shares (2,787) (2,786) (8,360) (6,498)
Amount allocated to Restricted Common Shares (106)    (235)   
Net income attributable to Common Shares 8,835 12,322 25,253 20,221
Per Common Share data - Basic        
Income from continuing operations $ 0.31 $ 0.37 $ 0.52 $ 0.59
Income (loss) from discontinued operations $ (0.04)    $ 0.24 $ 0.02
Net income attributable to Winthrop Realty Trust $ 0.27 $ 0.37 $ 0.76 $ 0.61
Per Common Share data - Diluted        
Income from continuing operations $ 0.31 $ 0.37 $ 0.52 $ 0.59
Income (loss) from discontinued operations $ (0.04)    $ 0.24 $ 0.02
Net income attributable to Winthrop Realty Trust $ 0.27 $ 0.37 $ 0.76 $ 0.61
Basic Weighted-Average Common Shares 33,076 33,075 33,047 33,064
Diluted Weighted-Average Common Shares 33,148 33,076 33,089 33,064
Comprehensive income        
Net income 10,733 16,047 31,429 26,284
Change in unrealized loss on interest rate derivative (150) (16) (20) (73)
Consolidated comprehensive income 10,583 16,031 31,409 26,211
Net loss (income) attributable to non-controlling interest 995 (939) 2,419 435
Other comprehensive income attributable to non-controlling interest          
Comprehensive loss (income) attributable to non-controlling interest 995 (939) 2,419 435
Comprehensive income attributable to Winthrop Realty Trust $ 11,578 $ 15,092 $ 33,828 $ 26,646
Dividend declared per Common Share $ 0.1625 $ 0.1625 $ 0.4875 $ 0.4875