Discontinued Operations and Impairments (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Impairments

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
			March 31,

Income from discontinued operations	2014				2013

Gain on sales of investment properties	$	2,607			$	38,559
Rental revenue	63				2,787
Tenant reimbursements	2				33
Other revenue	8				11
Depreciation and amortization	-				(495		)
Property expenses (including reimbursable)	(101			)	(540		)
Provisions for impairment	-				(456		)
Crest’s income (loss) from discontinued operations	498				(40		)

Income from discontinued operations	$	3,077			$	39,859

Per common share, basic and diluted	$	0.01			$	0.23

- 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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