Summary of Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Summary Of Quarterly Results Of Operations

Summary of Quarterly Results of Operations (Unaudited)

Note 18. Summary of Quarterly Results of Operations (Unaudited)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2012, 2011 and 2010 (in thousands except per share data):

	March 31			June 30			September 30			December 31
2012
Revenues		$18,321			$9,738			$10,696			$12,183
Net income (loss)		$140,622			$3,351			$12,900			$122,931
Net income (loss) attributable to Capital Trust, Inc.		$66,553			$2,283			$6,999			$105,189
Net income (loss) per share of class A common stock:
Basic		$2.91			$0.10			$0.30			$4.22
Diluted		$2.74			$0.09			$0.28			$4.06
2011
Revenues		$38,889			$34,586			$28,855			$29,955
Net income (loss)		$253,917			$6,224			$8,256			($16,078	)
Net income (loss) attributable to Capital Trust, Inc.		$254,585			($1,845	)		$13,722			($8,320	)
Net income (loss) per share of class A common stock:
Basic		$11.35			($0.08	)		$0.60			($0.37	)
Diluted		$11.04			($0.08	)		$0.57			($0.37	)
2010
Revenues		$44,505			$41,675			$43,147			$44,615
Net (loss) income		($63,452	)		$2,902			($134,709	)		$9,915
Net income (loss) attributable to Capital Trust, Inc.		($63,452	)		$2,902			($134,709	)		$9,915
Net (loss) income per share of class A common stock:
Basic		($2.84	)		$0.13			($6.02	)		$0.44
Diluted		($2.84	)		$0.13			($6.02	)		$0.44

Basic and diluted earnings per share are computed independently based on the weighted-average shares of class A common stock outstanding for each of the periods. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the total for the year. See Note 6 for a further discussion of earnings per share.