XML 53 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment In Real Estate Joint Ventures And Partnerships (Tables)
6 Months Ended
Jun. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Combined Condensed Balance Sheets
Combined condensed financial information of these ventures (at 100%) is summarized as follows (in thousands):
 
June 30,
2013
 
December 31,
2012
Combined Condensed Balance Sheets
 
 
 
ASSETS
 
 
 
Property
$
1,503,550

 
$
1,631,694

Accumulated depreciation
(274,448
)
 
(273,591
)
Property, net
1,229,102

 
1,358,103

Other assets, net
155,258

 
161,344

Total
$
1,384,360

 
$
1,519,447

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
Debt, net (primarily mortgages payable)
$
462,859

 
$
468,841

Amounts payable to Weingarten Realty Investors and Affiliates
102,140

 
109,931

Other liabilities, net
33,267

 
34,157

Total
598,266

 
612,929

Accumulated equity
786,094

 
906,518

Total
$
1,384,360

 
$
1,519,447

Combined Condensed Statements Of Operations
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Combined Condensed Statements of Operations
 
 
 
 
 
 
 
Revenues, net
$
41,099

 
$
50,026

 
$
83,260

 
$
99,873

Expenses:
 
 
 
 
 
 
 
Depreciation and amortization
11,558

 
15,481

 
23,579

 
31,617

Interest, net
7,415

 
8,961

 
14,960

 
18,047

Operating
7,407

 
8,571

 
13,561

 
17,196

Real estate taxes, net
5,013

 
6,159

 
9,596

 
12,397

General and administrative
164

 
225

 
450

 
586

Provision for income taxes
86

 
95

 
148

 
168

Impairment loss
13

 
96,498

 
1,828

 
96,498

Total
31,656

 
135,990

 
64,122

 
176,509

Operating income (loss)
$
9,443

 
$
(85,964
)
 
$
19,138

 
$
(76,636
)