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Previous: WILSHIRE REAL ESTATE INVESTMENT TRUST INC, 10-Q, EX-10.3, 2000-08-10 |
Next: WILSHIRE REAL ESTATE INVESTMENT TRUST INC, 10-Q, EX-27, 2000-08-10 |
<PAGE>
EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
Quarter Ended Six Months Ended
June 30, June 30,
--------------------------------- ----------------------------------
2000 1999 2000 1999
-------------- --------------- ---------------- ---------------
<S> <C> <C> <C> <C>
Diluted net income per share:
Net income (loss) to common
shareholders $ 2,388,000 $ (20,176,000) $ 4,928,000 $ (18,409,000)
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 $ 0.23 $ (1.75) $ 0.47 $ (1.60)
</TABLE>
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