XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues;        
Revenues from rental properties $ 26,775 $ 26,893 $ 57,832 $ 51,685
Interest on notes and mortgages receivable 700 741 1,381 1,146
Total revenues 27,475 27,634 59,213 52,831
Operating expenses:        
Rental property expenses 7,999 3,721 14,600 7,209
Impairment charges 2,511 1,263 2,871 2,257
Environmental expenses, net (564) 1,325 9 2,452
General and administrative expenses 10,547 2,736 23,680 7,621
Depreciation and amortization expense 3,487 2,158 7,474 4,476
Total operating expenses 23,980 11,203 48,634 24,015
Operating income (loss) 3,495 16,431 10,579 28,816
Other income (expense), net (1) (49) 332 (43)
Interest expense (2,692) (1,346) (4,175) (2,665)
Earnings (loss) from continuing operations 802 15,036 6,736 26,108
Discontinued operations:        
Income (loss) from operating activities 116 (65) 172 181
Gains on dispositions of real estate 2,708 231 3,203 299
Earnings (loss) from discontinued operations 2,824 166 3,375 480
Net earnings (loss) $ 3,626 $ 15,202 $ 10,111 $ 26,588
Basic and diluted earnings per common share:        
Earnings from continuing operations $ 0.02 $ 0.45 $ 0.20 $ 0.79
Earnings from discontinued operations $ 0.08   $ 0.10 $ 0.01
Net earnings $ 0.11 $ 0.45 $ 0.30 $ 0.80
Weighted-average number of common shares outstanding:        
Basic 33,395 33,394 33,395 32,948
Stock options   1   2
Diluted 33,395 33,395 33,395 32,950