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VARIABLE INTEREST ENTITIES RSO Income Statement (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Interest expense $ 530,000 $ 544,000 $ 1,525,000 $ 1,767,000
Equity in losses of unconsolidated subsidiaries 1,384,000 2,938,000 2,528,000 2,882,000
Revenues 43,025,000 47,889,000 119,837,000 123,696,000
OPERATING EXPENSES        
General and administrative 2,505,000 2,530,000 6,807,000 7,564,000
Depreciation and amortization 413,000 529,000 1,318,000 1,592,000
Income tax provision (benefit)   (5,000) (396,000) 20,336,000
Expenses from consolidated VIE - RSO 30,219,000 31,651,000 82,034,000 88,170,000
OPERATING INCOME 12,806,000 16,238,000 37,803,000 35,526,000
OTHER REVENUE (EXPENSE)        
Other income, net 16,897,000 63,000 17,231,000 5,571,000
Net income (loss) attributable to common shareholders 3,442,000 (2,267,000) 5,051,000 25,562,000
Resource Capital Corp [Member]
       
REVENUES:        
Loans 24,374,000 24,130,000 78,370,000 70,757,000
Securities 3,411,000 3,564,000 10,949,000 10,520,000
Interest income − other 649,000 2,218,000 3,150,000 8,204,000
Total interest income 28,434,000 29,912,000 92,469,000 89,481,000
Interest expense 11,762,000 8,208,000 34,061,000 25,460,000
Net interest income 16,672,000 21,704,000 58,408,000 64,021,000
Rental income 4,649,000 2,689,000 15,875,000 6,642,000
Dividend income 223,000 17,000 256,000 51,000
Equity in losses of unconsolidated subsidiaries (505,000) (779,000) (858,000) (1,469,000)
Fee income 1,245,000 1,777,000 4,182,000 5,528,000
Net realized and unrealized gain on sales of investment securities available-for-sale and loans 570,000 346,000 3,355,000 2,148,000
Net realized and unrealized (loss) gain on investment securities, trading (229,000) 9,782,000 (864,000) 13,350,000
Unrealized gain (loss) and net interest income on linked transactions, net 1,161,000 133,000 (4,343,000) 386,000
Revenues 23,786,000 35,669,000 76,011,000 90,657,000
OPERATING EXPENSES        
Management fees − related party 5,113,000 5,521,000 11,006,000 13,512,000
Equity compensation − related party 2,120,000 1,404,000 7,866,000 3,412,000
Professional services 1,396,000 845,000 3,745,000 2,562,000
Insurance 214,000 161,000 588,000 478,000
Rental operating expense 3,523,000 1,827,000 11,084,000 4,456,000
General and administrative 1,288,000 844,000 4,428,000 3,377,000
Depreciation and amortization 904,000 1,249,000 3,041,000 3,974,000
Income tax provision (benefit) 722,000 3,979,000 4,221,000 6,978,000
Expenses from consolidated VIE - RSO 15,554,000 13,230,000 43,110,000 39,752,000
OPERATING INCOME 8,232,000 22,439,000 32,901,000 50,905,000
Net impairment losses recognized in earnings 255,000 9,000 811,000 180,000
Provision for loan losses 741,000 1,370,000 541,000 7,801,000
Total operating expenses 16,276,000 17,209,000 47,331,000 46,730,000
OTHER REVENUE (EXPENSE)        
Gain on the extinguishment of debt 0 0 0 5,464,000
Gain on sale of real estate 16,607,000 0 16,607,000 0
Other income, net 16,607,000 0 16,607,000 5,464,000
Income from continuing operations 24,839,000 22,439,000 49,508,000 56,369,000
Net income (loss) attributable to common shareholders 24,117,000 18,460,000 45,287,000 49,391,000
Net income allocated to preferred shares (1,996,000) (308,000) (5,107,000) (333,000)
NET INCOME ALLOCABLE TO RSO COMMON SHARES $ 22,121,000 $ 18,152,000 $ 40,180,000 $ 49,058,000