Quarterly report pursuant to Section 13 or 15(d)

Real Estate (Tables)

v3.20.1
Real Estate (Tables)
3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Schedule of Properties Held-for-Sale or Sold and Discontinued Operations
The results of the Retail Portfolio are classified as discontinued operations and are summarized as follows (amounts in thousands, except for share data):
 
Three Months Ended March 31, 2019
Real estate rental revenue
$
11,740

Real estate expenses
(3,067
)
Depreciation and amortization
(2,490
)
Interest expense
(145
)
       Income from discontinued operations
$
6,038

 
 
Basic net income per share
$
0.08

Diluted net income per share
$
0.08

 
 
Capital expenditures
$
406


We classified as held for sale or sold our interests in the following properties during 2020 and 2019:
Disposition Date
 
Property Name
 
Property Type
 
Rentable Square Feet
 
Contract Sales Price
(in thousands)
 
(Loss) Gain on Sale
(in thousands)
April 21, 2020
 
John Marshall II (1)
 
Office
 
223,000
 
$
57,000

 
N/A

 
 
 
 
Total 2020
 
223,000
 
$
57,000

 
N/A

 
 
 
 
 
 
 
 
 
 
 
June 26, 2019
 
Quantico Corporate Center (2)
 
Office
 
272,000
 
$
33,000

 
$
(1,046
)
July 23, 2019
 
Shopping Center Portfolio (3)
 
Retail
 
800,000
 
485,250

 
333,023

August 21, 2019
 
Frederick Crossing and Frederick County Square
 
Retail
 
520,000
 
57,500

 
9,507

August 27, 2019
 
Centre at Hagerstown
 
Retail
 
330,000
 
23,500

 
(3,506
)
December 19, 2019
 
1776 G Street
 
Office
 
262,000
 
129,500

 
61,007

 
 
 
 
Total 2019
 
2,184,000
 
$
728,750

 
$
398,985


______________________________
(1)
Held for sale as of March 31, 2020.
(2)
Consists of 925 and 1000 Corporate Drive.
(3)
Consists of five retail properties: Gateway Overlook, Wheaton Park, Olney Village Center, Bradlee Shopping Center and Shoppes of Foxchase.