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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Revenues from rental properties $ 22,386 $ 24,954 $ 76,332 $ 72,917
Interest on notes and mortgages receivable 726 755 2,107 1,901
Total revenues 23,112 25,709 78,439 74,818
Operating expenses:        
Rental property expenses 8,345 2,923 22,044 10,094
Impairment charges 2,000 550 2,979 2,470
Environmental expenses, net 268 1,734 358 3,878
General and administrative expenses 4,963 2,687 26,141 10,308
Allowance for deferred rent receivable   10,974   10,974
Depreciation and amortization expense 3,329 2,714 10,152 6,998
Total operating expenses 18,905 21,582 61,674 44,722
Operating income 4,207 4,127 16,765 30,096
Other income, net 211 122 503 79
Interest expense (2,896) (1,414) (7,071) (4,079)
Earnings from continuing operations 1,522 2,835 10,197 26,096
Discontinued operations:        
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
Net earnings (loss) $ (3,465) $ 5,350 $ 6,646 $ 31,938
Basic and diluted earnings (loss) per common share:        
Earnings from continuing operations $ 0.05 $ 0.08 $ 0.31 $ 0.79
Earnings (loss) from discontinued operations $ (0.15) $ 0.08 $ (0.11) $ 0.18
Net earnings (loss) $ (0.10) $ 0.16 $ 0.20 $ 0.96
Weighted-average shares outstanding:        
Basic 33,396 33,394 33,395 33,097
Stock options   1   1
Diluted 33,396 33,395 33,395 33,098