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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Revenues from rental properties $ 24,328 $ 24,840 $ 72,856 $ 67,376
Tenant reimbursements 3,397 4,237 9,921 11,095
Interest on notes and mortgages receivable 786 910 2,770 2,472
Total revenues 28,511 29,987 85,547 80,943
Operating expenses:        
Property costs 5,202 6,319 16,166 18,002
Impairments 1,152 1,700 5,210 10,682
Environmental 884 1,647 2,628 5,259
General and administrative 3,257 4,244 11,107 12,867
(Recoveries) allowance for uncollectible accounts (132) 263 (606) 684
Depreciation and amortization 5,411 4,629 14,649 12,192
Total operating expenses 15,774 18,802 49,154 59,686
Operating income 12,737 11,185 36,393 21,257
Gains on dispositions of real estate 11 1,696 5,376 1,437
Other income, net 644 121 1,418 7,505
Interest expense (4,156) (4,479) (12,526) (10,214)
Earnings from continuing operations 9,236 8,523 30,661 19,985
Discontinued operations:        
(Loss) from operating activities (411) (1,716) (400) (2,820)
(Loss) gains on dispositions of real estate (21) 228 (178) 352
(Loss) from discontinued operations (432) (1,488) (578) (2,468)
Net earnings $ 8,804 $ 7,035 $ 30,083 $ 17,517
Basic and diluted earnings per common share:        
Earnings from continuing operations $ 0.27 $ 0.25 $ 0.90 $ 0.59
(Loss) from discontinued operations (0.01) (0.04) (0.02) (0.07)
Net earnings $ 0.26 $ 0.21 $ 0.88 $ 0.52
Weighted average common shares outstanding:        
Basic and diluted 33,776 33,422 33,716 33,420