Below is a reconciliation of FFO to net income as reported in the Company's 10K and 10Q reports:

(in thousands, except per share amounts)	2012¹	2011	2010	2009	2008	2007
Net income (loss)	($2,318)	$9,464	$10,875	$5,505	$14,265	$5,398
Depreciation of real estate owned	9,077	35,987	34,979	32,907	22,044	333
Funds from operations	$6,759	$45,451	$45,854	$38,412	$36,309	$5,731
Weighted average shares outstanding	93,299	93,998	94,170	92,963	87,271	15,376
Net income (loss) per share	($0.02)	$0.10	$0.12	$0.06	$0.16	$0.35
FFO per share	$0.07	$0.48	$0.49	$0.41	$0.42	$0.37

 

 

¹Year-to-date through March 31, 2012