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These excerpts taken from the RPT 10-K filed Mar 11, 2009. Reclassifications
Certain reclassifications of prior period amounts have been made
in the financial statements in order to conform to the 2008
presentation.
Reclassifications Certain reclassifications of prior period amounts have been made in the financial statements in order to conform to the 2008 presentation. This excerpt taken from the RPT 10-Q filed Nov 6, 2007. Reclassifications
Certain reclassifications of 2006 amounts have been made to
conform to the 2007 presentation.
On January 23, 2006, the Company sold seven of its shopping
centers held for sale for $47,000 in aggregate, resulting in a
gain of approximately $954, net of the minority interest in the
Operating Partnership. The shopping centers, which were sold as
a portfolio to an unrelated third party, include: Cox Creek
Plaza in Florence, Alabama; Crestview Corners in Crestview,
Florida; Cumberland Gallery in New Tazewell, Tennessee; Holly
Springs Plaza in Franklin, North Carolina; Indian Hills in
Calhoun, Georgia; Edgewood Square in North Augusta, South
Carolina; and Tellico Plaza in Lenoir City, Tennessee. The
proceeds from the sale were used to pay down the Company’s
unsecured revolving credit facility. The operations of these
seven shopping centers have been reflected as discontinued
operations in the Company’s consolidated statements of
income and comprehensive income for the nine months ended
September 30, 2006 in accordance with Statement of
Financial Accounting Standards No. 144, “Accounting
for the Impairment or Disposal of Long-Lived Assets.”
Total revenue for the seven properties was $550 for the nine
months ended September 30, 2006.
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