Gain on Sales of Properties

3 Months Ended

Mar. 31, 2014

Gain on Sales of Properties

Gain on Sales of Properties

12. Gain on Sales of Properties

During the first three months of 2014, Realty Income sold 11 investment properties for $12.7 million, which resulted in a gain of $3.9 million. Only the results of operations specifically related to the properties classified as held for sale at December 31, 2013 and sold during the first three months of 2014 have been reclassified as discontinued operations.  In comparison, during the first three months of 2013, Realty Income sold 17 investment properties for $60.0 million, which resulted in a gain of $38.6 million.  The results of operations for the dispositions during the first three months of 2013 have been reclassified as discontinued operations.

During the first three months of 2014, Crest sold one property for $820,000, which resulted in no gain.  The results of operations for this property have been reclassified as discontinued operations.  During the first three months of 2013, Crest did not sell any properties.