Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations results of operations

	Three months ended					Six months ended
	June 30,					June 30,
	2019		2018			2019		2018
Lease Revenue		222		4,110			460		11,657
Cost of operations:
Depreciation, depletion and amortization		12		1,217			41		3,102
Operating expenses		139		464			234		1,642
Property taxes		26		449			46		1,247
Management company indirect		—		812			—		990
Corporate expenses		—		655			—		1,402
Total cost of operations		177		3,597			321		8,383
Total operating profit		45		513			139		3,274
Interest expense		—		(187	)		—		(587	)
Gain on sale of buildings		9,245		164,807			9,268		164,807
Income before income taxes		9,290		165,133			9,407		167,494
Provision for income taxes		2,514		44,668			2,545		45,307
Income from discontinued operations	$	6,776		120,465			6,862		122,187
Earnings per common share:
Income from discontinued operations-
Basic		0.68		12.01			0.69		12.19
Diluted		0.68		11.92			0.69		12.10

Discontinued operations balance sheet components

	June 30		December 31
Assets:	2019		2018
Real estate investments at cost:
Land	$	—		546
Buildings and improvements		—		3,315
Projects under construction		—		—
Total investments in properties		—		3,861
Less accumulated depreciation and depletion		—		2,374
Net investments in properties		—		1,487
Accounts receivable, net		871		910
Unrealized rents		—		473
Deferred costs		—		354
Assets of discontinued operations	$	871		3,224
Liabilities:
Accounts payable and accrued liabilities	$	158		205
Deferred revenue		—		45
Tenant security deposits		—		38
Liabilities of discontinued operations	$	158		288