GENERAL (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Revenue Earn from Rental Properties

The revenue from rental properties, impairment charges, other operating expenses and gains from dispositions of real estate related to these properties are as follows:

	Three months  ended September 30,						Nine months ended September 30,
(in thousands)	2012			2011			2012			2011
Revenues from rental properties	$	413		$	2,415		$	4,527		$	6,618
Impairment charges		(5,406	)		(37	)		(7,573	)		(624	)
Other operating expenses		(570	)		(173	)		(4,324	)		(761	)
Earnings (loss) from operating activities		(5,563	)		2,205			(7,370	)		5,233
Gains from dispositions of real estate		576			310			3,819			609
Earnings (loss) from discontinued operations	$	(4,987	)	$	2,515		$	(3,551	)	$	5,842

Schedule of Earnings Per Share

Diluted earnings per common share also gives effect, if dilutive, to the potential dilution from the exercise of stock options utilizing the treasury stock method.

	Three months ended September 30,						Nine months ended September 30,
(in thousands)	2012			2011			2012			2011
Earnings from continuing operations	$	1,522		$	2,835		$	10,197		$	26,096
Less dividend equivalents attributable to restricted stock units outstanding		(27	)		(43	)		(54	)		(207	)
Earnings from continuing operations attributable to common shareholders used for basic earnings per share calculation		1,495			2,792			10,143			25,889
Earnings (loss) from discontinued operations		(4,987	)		2,515			(3,551	)		5,842
Net earnings (loss) attributable to common shareholders used for basic earnings per share calculation	$	(3,492	)	$	5,307		$	6,592		$	31,731
Weighted-average number of common shares outstanding:
Basic		33,396			33,394			33,395			33,097
Stock options		—			1			—			1
Diluted		33,396			33,395			33,395			33,098
Restricted stock units outstanding at the end of the period		216			171			216			171