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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Real estate $ 19,163 $ 16,966
Financial fund management 6,729 6,875
Commercial finance 76 (2)
Total revenues 25,968 23,839
COSTS AND EXPENSES:    
Real estate 11,018 11,499
Financial fund management 3,680 3,063
Commercial finance 392 579
General and administrative 4,883 3,297
Provision for credit losses 109 402
Depreciation and amortization 504 457
Total expenses 20,586 19,297
OPERATING INCOME (LOSS) 5,382 4,542
OTHER INCOME (EXPENSE):    
Gain (loss) on sale of investment securities, net 498 0
Impairment on investments in available for sale securities (98) 0
Interest expense (440) (421)
Other income (expense), net 507 314
Total other income (expense) 467 (107)
Income (loss) from continuing operations before taxes 5,849 4,435
Income tax provision (benefit) 2,446 1,244
Net income (loss) 3,403 3,191
Net (income) loss attributable to noncontrolling interests (366) (1,657)
Net income (loss) attributable to common shareholders $ 3,037 $ 1,534
Basic earnings (loss) per share:    
Net income (in dollars per share) $ 0.15 $ 0.07
Weighted average shares outstanding (in shares) 20,611 22,965
Diluted earnings (loss) per share:    
Net income (loss) (in dollars per share) $ 0.15 $ 0.07
Weighted average shares outstanding (in shares) 20,889 23,239