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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue        
Rents and reimbursements $ 20,165 $ 12,372 $ 39,228 $ 23,769
Interest, dividends and discount accretion 2,752 4,307 8,249 9,627
Total Revenue 22,917 16,679 47,477 33,396
Expenses        
Property operating 7,150 3,870 14,581 7,555
Real estate taxes 2,420 1,213 4,615 1,950
Depreciation and amortization 6,652 3,894 13,883 7,747
Interest 5,830 6,143 11,524 11,615
Impairment loss on investments in real estate 0 0 9,200 0
General and administrative 2,144 1,094 3,786 1,936
Related party fees 2,399 2,291 4,774 4,557
Transaction costs 319 46 569 52
State and local taxes 93 124 105 138
Total expenses 27,007 18,675 63,037 35,550
Other income (loss)        
Equity in income of equity investments 4,178 4,524 10,372 12,393
Earnings from preferred equity investments 564 185 571 387
Loss on extinguishment of debt (564) 0 (564) 0
Realized gain (loss) on sale of securities carried at fair value 0 0 2 (102)
Unrealized loss on securities carried at fair value 0 (1,860) 0 (142)
Unrealized gain on loan securities carried at fair value 0 215 0 215
Settlement expense 0 (134) 0 (134)
Interest and other income 122 116 207 185
Total other income (loss) 4,300 3,046 10,588 12,802
Income (loss) from continuing operations 210 1,050 (4,972) 10,648
Discontinued operations        
Income from discontinued operations 6,772 6,695 11,151 10,048
Net income 6,982 7,745 6,179 20,696
Net loss attributable to non-controlling interests 1,980 629 3,423 1,424
Net income attributable to Winthrop Realty Trust 8,962 8,374 9,602 22,120
Preferred dividend of Series D Preferred Shares (2,786) (2,786) (5,573) (5,573)
Amount allocated to Restricted Common Shares (97) (98) (192) (124)
Net income applicable to Common Shares for earnings per share purposes 6,079 5,490 3,837 16,423
Per Common Share data - Basic        
Income (loss) from continuing operations $ (0.02) $ (0.03) $ (0.20) $ 0.20
Income from discontinued operations $ 0.19 $ 0.20 $ 0.31 $ 0.30
Net income attributable to Common Shares $ 0.17 $ 0.17 $ 0.11 $ 0.50
Per Common Share data - Diluted        
Income (loss) from continuing operations $ (0.02) $ (0.03) $ (0.20) $ 0.20
Income from discontinued operations $ 0.19 $ 0.20 $ 0.31 $ 0.30
Net income attributable to Common Shares $ 0.17 $ 0.17 $ 0.11 $ 0.50
Basic Weighted-Average Common Shares 35,824 33,037 35,820 33,032
Diluted Weighted-Average Common Shares 35,824 33,037 35,820 33,041
Comprehensive income        
Net income 6,982 7,745 6,179 20,696
Change in unrealized gain (loss) on interest rate derivative (493) 131 (638) 130
Consolidated comprehensive income 6,489 7,876 5,541 20,826
Net loss attributable to non-controlling interests 1,980 629 3,423 1,424
Comprehensive loss attributable to non-controlling interests 1,980 629 3,423 1,424
Comprehensive income attributable to Winthrop Realty Trust $ 8,469 $ 8,505 $ 8,964 $ 22,250