Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2011

Discontinued Operations (Tables) [Abstract]

Schedule of Income From Discontinued Operations

The following is a summary of Crest's "income from discontinued operations, real estate acquired for resale by Crest" on our consolidated statements of income (dollars in thousands):

	Three months ended						Six months ended
Crest's income from discontinued operations, real estate acquired for resale	June 30, 2011			June 30, 2010			June 30, 2011			June 30, 2010
Interest revenue	$	346		$	351		$	694			701
Interest expense		(198	)		(135	)		(399	)		(263	)
General and administrative expense		(12	)		(87	)		(25	)		(184	)
Property expenses		(4	)		(2	)		(7	)		(6	)
Income tax benefit		88			111			179			201
Income from discontinued operations, real estate acquired for resale by Crest	$	220		$	238		$	442		$	449

The following is a summary of Realty Income's "income from discontinued operations, from real estate held for investment" on our consolidated statements of income (dollars in thousands):

	Three months ended						Six months ended
Realty Income's income from discontinued operations, real estate held for investment	June 30, 2011			June 30, 2010			June 30, 2011			June 30, 2010
Gain on sales of investment properties	$	1,096		$	1,663		$	1,224		$	2,366
Rental revenue		112			684			338			1,564
Other revenue		7			7			28			17
Depreciation and amortization		(58	)		(258	)		(161	)		(556	)
Property expenses		(86	)		(194	)		(195	)		(625	)
Provisions for impairment		(10	)		(53	)		(210	)		(87	)
Income from discontinued operations, real estate held for investment	$	1,061		$	1,849		$	1,024		$	2,679

The following is a summary of our total income from discontinued operations (dollars in thousands, except per share data):

	Three months ended				Six months ended
Total discontinued operations	June 30, 2011		June 30, 2010		June 30, 2011		June 30, 2010
Real estate acquired for resale by Crest	$	220	$	238	$	442	$	449
Real estate held for investment		1,061		1,849		1,024		2,679
Income from discontinued operations	$	1,281	$	2,087	$	1,466	$	3,128
Per common share, basic and diluted	$	0.01	$	0.02	$	0.01	$	0.03

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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