The accretion of discount on the Company’s loan and preferred equity portfolio, which is a component of interest income, for the quarters ended September 30, 2012, September 30, 2011 and June 30, 2012, was $8.0 million, $30.2 million and $2.6 million, respectively. The total net discount remaining at September 30, 2012 was $7.9 million.The Company’s discontinued operations were composed of net income of $2.9 million and a $2.6 million impairment charge for the quarter ended September 30, 2012, which relates to the net operating results of collateral acquired during the quarter ended March 30, 2012 via a deed in lieu of foreclosure that are recorded as real estate held for sale in the Consolidated Statements of Financial Condition. Net income from discontinued operations for the quarter ended September 30, 2012 is recorded net of a tax provision of approximately $425 thousand.
CreXus Investment Corp. Reports Results For The 3rd Quarter 2012
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