Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Summary of income from discontinued operations on consolidated statements of income

The following is a summary of income from discontinued operations on our consolidated statements of income (dollars in thousands):

	Three months ended						Nine Months Ended
	September 30,						September 30,
Income from discontinued operations	2013			2012			2013			2012
Gain on sales of investment properties	$	6,163		$	2,045		$	50,467		$	6,010
Rental revenue	789			3,480			4,618			10,902
Other revenue	7			45			414			66
Depreciation and amortization	(387		)	(834		)	(1,436		)	(2,971		)
Property expenses	(136		)	(459		)	(665		)	(1,579		)
Provisions for impairment	(76		)	(667		)	(3,028		)	(667		)
Crest’s income from discontinued operations	252			225			745			505
Income from discontinued operations	$	6,612		$	3,835		$	51,115		$	12,266
Per common share, basic and diluted	$	0.03		$	0.03		$	0.27		$	0.09

- 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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