|
|
|
|
|
|
|
|
|
<PAGE>
Exhibit 11
G&L Realty Corp.
Computation of Per Share Earnings
Quarterly Report on Form 10-Q
June 30, 2000
(In thousands, except per share data)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
-------- -------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Net Income $ 512 $ 1,415 $ 262 $ 3,066
Less: Preferred Dividends
10.25% Series A Cumulative Preferred (952) (958) (1,903) (1,916)
9.8% Series B Cumulative Preferred (841) (845) (1,681) (1,690)
--------- -------- ------- --------
Net (loss) income available to common
shareholders $ (1,281) $ (388) $(3,322) $ (540)
========= ======== ======= ========
Options outstanding 251 214 251 214
========= ======== ======= ========
Weighted average exercise price $ 11.31 $ 14.49 $ 11.31 $ 14.49
========= ======== ======= ========
Proceeds upon exercise of options $ 2,839 $ 3,101 $ 2,839 $ 3,101
========= ======== ======= ========
Treasury stock shares 251 203 250 199
========= ======== ======= ========
Common share equivalents --- 11 1 15
Average shares outstanding 2,337 3,937 2,424 3,957
========= ======== ======= ========
Total common and common share
equivalents outstanding 2,337 3,949 2,425 3,971
========= ======== ======= ========
Per share earnings data:
------------------------
Basic $ (0.55) $ (0.10) $ (1.37) $ (0.14)
========= ======== ======== ========
Fully diluted $ (0.55) $ (0.10) $ (1.37) $ (0.14)
========= ======== ======== ========
</TABLE>
|
|