XML 78 R84.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reportable Segments - Summary of Revenues from Operating Properties, Loan Assets and REIT Securities and Expenses Incurred by Each Segment (Detail) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Segment Reporting Information [Line Items]        
Net income from segments before corporate income (expense) $ 7,250,000 $ 6,295,000 $ 7,847,000 $ 20,765,000
Rents and reimbursements 20,165,000 12,372,000 39,228,000 23,769,000
Interest and dividends 2,752,000 4,307,000 8,249,000 9,627,000
Operating expenses (7,150,000) (3,870,000) (14,581,000) (7,555,000)
Gain (loss) on sale of securities carried at fair value 0 0 2,000 (102,000)
Real estate taxes (2,420,000) (1,213,000) (4,615,000) (1,950,000)
Equity in (loss) income of equity investments 4,178,000 4,524,000 10,372,000 12,393,000
Operating income 22,917,000 16,679,000 47,477,000 33,396,000
Depreciation and amortization expense (6,652,000) (3,894,000) (13,883,000) (7,747,000)
Interest expense (5,830,000) (6,143,000) (11,524,000) (11,615,000)
General and administrative (2,144,000) (1,094,000) (3,786,000) (1,936,000)
Related party fees (2,399,000) (2,291,000) (4,774,000) (4,557,000)
Impairment loss on investments in real estate 0 0 (9,200,000) 0
Loss on extinguishment of debt (564,000) 0 (564,000) 0
Gain on sale of investments in real estate 6,569,000 6,752,000 10,994,000 9,527,000
Transaction costs (319,000) (46,000) (569,000) (52,000)
Settlement expense 0 (134,000) 0 (134,000)
Income (loss) from continuing operations before non-controlling interest 210,000 1,050,000 (4,972,000) 10,648,000
Income from discontinued operations 6,772,000 6,695,000 11,151,000 10,048,000
Net loss attributable to non-controlling interest 1,980,000 629,000 3,423,000 1,424,000
Net income attributable to Winthrop Realty Trust 8,962,000 8,374,000 9,602,000 22,120,000
Discount accretion 386,000 761,000 1,591,000 1,477,000
Operating Segments [Member]
       
Segment Reporting Information [Line Items]        
Rents and reimbursements 20,165,000 12,372,000 39,228,000 23,769,000
Operating expenses (7,150,000) (3,870,000) (14,581,000) (7,555,000)
Real estate taxes (2,420,000) (1,213,000) (4,615,000) (1,950,000)
Operating income 16,321,000 11,005,000 30,115,000 21,090,000
Depreciation and amortization expense (6,652,000) (3,894,000) (13,883,000) (7,747,000)
Interest expense (4,191,000) (3,669,000) (7,963,000) (6,734,000)
Impairment loss on investments in real estate 0 0 (9,200,000) 0
Gain on sale of investments in real estate 8,000 0 8,000 0
Settlement expense 0 (134,000) 0 (134,000)
Operating properties net income (loss) 3,064,000 3,308,000 (3,345,000) 6,475,000
Operating Segments [Member] | Fenway-Wateridge [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 7,000 185,000 14,000 387,000
Equity in (loss) income of equity investments 54,000 47,000 106,000 83,000
Operating Segments [Member] | Vintage Housing Holdings [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 557,000 0 557,000 0
Equity in (loss) income of equity investments 2,059,000 2,696,000 3,679,000 4,617,000
Operating Segments [Member] | WRT-Elad [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 1,273,000 167,000 2,509,000 610,000
Operating Segments [Member] | 701 Seventh Avenue [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 1,939,000 623,000 3,497,000 1,320,000
Operating Segments [Member] | Marc Realty [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 12,000 69,000 7,000 9,000
Impairment loss on equity investment (2,422,000) 0 (2,422,000) 0
Operating Segments [Member] | Sealy Northwest Atlanta [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments (138,000) (87,000) (266,000) (233,000)
Operating Segments [Member] | Mentor Retail [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 17,000 16,000 37,000 33,000
Operating Segments [Member] | Atrium Mall [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments (53,000) 0 (56,000) 0
Operating Segments [Member] | Edens Plaza Associates [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments (1,000) 0 (1,000) 0
Loan Assets [Member]
       
Segment Reporting Information [Line Items]        
Interest income 2,366,000 3,446,000 6,658,000 7,900,000
Unrealized gain (loss) on loan securities carried at fair value 0 215,000 0 215,000
Operating income 4,190,000 5,415,000 11,531,000 15,546,000
Interest expense   (647,000) (121,000) (1,227,000)
General and administrative (4,000) (21,000) (220,000) (35,000)
Operating properties net income (loss) 4,186,000 4,747,000 11,190,000 14,284,000
Discount accretion 386,000 761,000 1,591,000 1,477,000
Loan Assets [Member] | ROIC Lakeside Eagle [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments (8,000) (2,000) (19,000) (15,000)
Loan Assets [Member] | Concord Debt Holdings [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 249,000 36,000 515,000 71,000
Loan Assets [Member] | CDH CDO LLC [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 551,000 0 984,000 150,000
Loan Assets [Member] | Concord Debt Holdings [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments (2,000) 15,000 88,000 29,000
Loan Assets [Member] | CDH CDO [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 414,000 427,000 1,247,000 907,000
Loan Assets [Member] | WRT-Stamford LLC [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 232,000 224,000 461,000 445,000
Loan Assets [Member] | SoCal Office Loan Portfolio [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 0 (2,000) 0 (2,000)
Loan Assets [Member] | RE CDO Management LLC [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 2,000 (9,000) 6,000 3,761,000
Loan Assets [Member] | 10 Metrotech [Member]
       
Segment Reporting Information [Line Items]        
Equity in (loss) income of equity investments 0 304,000 0 608,000
REIT Securities [Member]
       
Segment Reporting Information [Line Items]        
Interest and dividends 0 100,000 0 250,000
Gain (loss) on sale of securities carried at fair value 0 0 2,000 (102,000)
Unrealized gain (loss) on loan securities carried at fair value 0 (1,860,000) 0 (142,000)
Operating properties net income (loss) 0 (1,760,000) 2,000 6,000
Reconciliations to GAAP Net Income [Member]
       
Segment Reporting Information [Line Items]        
Interest income 114,000 116,000 199,000 185,000
Interest expense (1,639,000) (1,827,000) (3,440,000) (3,654,000)
General and administrative (2,140,000) (1,073,000) (3,566,000) (1,901,000)
Related party fees (2,399,000) (2,291,000) (4,774,000) (4,557,000)
Loss on extinguishment of debt (564,000) 0 (564,000) 0
Transaction costs (319,000) (46,000) (569,000) (52,000)
State and local taxes (93,000) (124,000) (105,000) (138,000)
Income (loss) from continuing operations before non-controlling interest $ 210,000 $ 1,050,000 $ (4,972,000) $ 10,648,000