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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Revenues from rental properties $ 25,461 $ 24,350 $ 49,381 $ 48,108
Interest on notes and mortgages receivable 781 756 1,562 1,470
Total revenues 26,242 25,106 50,943 49,578
Operating expenses:        
Rental property expenses 5,502 6,014 11,648 11,976
Impairment charges 2,006 423 8,733 590
Environmental expenses 1,784 1,700 3,653 2,581
General and administrative expenses 4,835 3,805 8,623 8,032
Allowance for uncollectible accounts 366 1,554 417 2,324
Depreciation and amortization expense 3,977 2,339 7,563 4,662
Total operating expenses 18,470 15,835 40,637 30,165
Operating income 7,772 9,271 10,306 19,413
Loss on dispositions of real estate (40)   (258)  
Other income 7,379 37 7,384 168
Interest expense (3,353) (2,434) (5,736) (5,014)
Earnings from continuing operations 11,758 6,874 11,696 14,567
Discontinued operations:        
Loss from operating activities (171) (1,454) (1,338) (2,662)
Gains on dispositions of real estate 32 1,217 124 4,370
(Loss) earnings from discontinued operations (139) (237) (1,214) 1,708
Net earnings $ 11,619 $ 6,637 $ 10,482 $ 16,275
Basic and diluted earnings per common share:        
Earnings from continuing operations $ 0.34 $ 0.20 $ 0.34 $ 0.43
(Loss)/earnings from discontinued operations     (0.03) 0.05
Net earnings $ 0.34 $ 0.20 $ 0.31 $ 0.48
Weighted average shares outstanding:        
Basic 33,420 33,403 33,419 33,400
Stock options 0 0 0 0
Diluted 33,420 33,403 33,419 33,400