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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Revenues from rental properties $ 25,425 $ 21,591 $ 72,360 $ 72,078
Interest on notes and mortgages receivable 707 726 2,467 2,107
Other revenue (note 2) 3,126   3,126  
Total revenues 29,258 22,317 77,953 74,185
Operating expenses:        
Rental property expenses 6,385 7,576 20,563 20,375
Impairment charges 538 999 1,364 2,919
Environmental expenses 6,184 165 8,653 201
General and administrative expenses (4,613) 5,003 851 25,047
Allowance for deferred rent receivable     1,531  
Depreciation and amortization expense 2,414 2,734 7,047 8,644
Total operating expenses 10,908 16,477 40,009 57,186
Operating income 18,350 5,840 37,944 16,999
Other income, net 19 211 53 503
Interest expense (3,074) (2,896) (8,966) (7,071)
Earnings from continuing operations 15,295 3,155 29,031 10,431
Discontinued operations:        
Loss from operating activities (420) (7,196) (3,673) (7,604)
Gains from dispositions of real estate (note 2) 27,002 576 39,608 3,819
Earnings (loss) from discontinued operations 26,582 (6,620) 35,935 (3,785)
Net earnings (loss) $ 41,877 $ (3,465) $ 64,966 $ 6,646
Basic and diluted earnings per common share:        
Earnings from continuing operations $ 0.45 $ 0.09 $ 0.86 $ 0.31
Earnings (loss) from discontinued operations $ 0.80 $ (0.19) $ 1.08 $ (0.11)
Net earnings (loss) $ 1.25 $ (0.10) $ 1.94 $ 0.20
Basic and diluted weighted-average shares outstanding 33,397 33,396 33,397 33,395