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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Revenues from rental properties $ 24,244 $ 23,384 $ 47,883 $ 45,465
Interest on notes and mortgages receivable 756 962 1,470 1,760
Total revenues 25,000 24,346 49,353 47,225
Operating expenses:        
Rental property expenses 5,992 7,049 11,883 14,440
Impairment charges 422 354 590 826
Environmental expenses 1,700 1,339 2,581 2,451
General and administrative expenses 4,465 5,591 8,119 10,389
Allowance for uncollectible accounts/(recoveries) 900 (2,283) 2,191 (3,555)
Depreciation and amortization expense 2,337 2,340 4,658 4,544
Total operating expenses 15,816 14,390 30,022 29,095
Operating income 9,184 9,956 19,331 18,130
Other income/(expense) 37 (1) 168 34
Interest expense (2,434) (2,998) (5,014) (5,892)
Earnings from continuing operations 6,787 6,957 14,485 12,272
Discontinued operations:        
Earnings (loss) from operating activities (1,367) 1,608 (2,580) (1,789)
Gains on dispositions of real estate 1,217 4,174 4,370 12,606
Earnings (loss) from discontinued operations (150) 5,782 1,790 10,817
Net earnings $ 6,637 $ 12,739 $ 16,275 $ 23,089
Basic and diluted earnings per common share:        
Earnings from continuing operations $ 0.20 $ 0.21 $ 0.43 $ 0.37
Earnings from discontinued operations   $ 0.17 $ 0.05 $ 0.32
Net earnings $ 0.20 $ 0.38 $ 0.48 $ 0.69
Weighted average shares outstanding:        
Basic 33,403 33,397 33,400 33,397
Stock options            
Diluted 33,403 33,397 33,400 33,397