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Previous: WILSHIRE REAL ESTATE INVESTMENT TRUST INC, 10-Q, 2000-10-26 |
Next: WILSHIRE REAL ESTATE INVESTMENT TRUST INC, 10-Q, EX-27, 2000-10-26 |
<PAGE>
EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
QUARTER ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------------- --------------------------
2000 1999 2000 1999
----------- ----------- ----------- ------------
<S> <C> <C> <C> <C>
Diluted net income per share:
Net income (loss) to common
shareholders $ 395,000 $(9,372,000) $ 5,323,000 $(27,781,000)
Average number of shares outstanding 10,507,313 11,500,000 10,507,313 11,500,000
Net effect of dilutive stock options
based on treasury stock method N/A N/A N/A N/A
----------- ----------- ----------- ------------
Total average shares 10,507,313 11,500,000 10,507,313 11,500,000
=========== =========== =========== ============
Diluted net income (loss) per share $ 0.04 $ (0.82) $ 0.51 $ (2.42)
</TABLE>
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